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Mindtree Q1 preview: Revenue more likely to surge over 35% YoY; margin could fall on sequential foundation

July 13, 2022
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Mindtree Q1 preview: Revenue more likely to surge over 35% YoY; margin could fall on sequential foundation
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NEW DELHI: is more likely to report over 35 per cent year-on-year (YoY) rise in web revenue for the June quarter on a 30 per cent-plus rise in gross sales. Analysts mentioned the robust development could be led by journey and hi-tech verticals, including that the commentary on attrition and deal win momentum will probably be keenly watched.

Vintage Inventory Broking sees Mindtree’s revenue at Rs 468.20 crore, up 36.Three per cent YoY over Rs 343.40 crore within the year-ago quarter. It sees gross sales rising 33.5 per cent YoY to Rs 3,059.50 crore from Rs 2,291.70 crore.

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YES Securities expects the midcap IT agency to report a 38.9 per cent YoY rise in web revenue at Rs 477.10 crore. It sees web gross sales rising 33.eight per cent YoY to Rs 3,066 crore.

Prabhudas Lilladher mentioned June is a seasonally robust quarter for offers on account of renewals. It expects complete contract worth (TCV) within the June quarter to be in-line with final 12 months’s quarter. It’s anticipating a four per cent sequential development in greenback income and a 5 per cent QoQ development in income in fixed forex phrases. This brokerage sees Ebit margin at 18 per cent in contrast with 18.9 per cent within the March quarter and 17.7 per cent within the year-ago quarter.

“Inside CMT, prime shoppers are additionally anticipated to develop at a powerful fee. RCM efficiency is predicted to be muted due to the ramp-down of a consumer and softness in one other consumer with publicity to Russia, Ukraine and China. We count on EBIT margin to say no by 90 bps sequentially led by headwinds from visa and journey value and one-time bills associated to the merger,” Prabhudas Lilladher mentioned.

CMT stands for communication, media, and know-how and RCM for retail, CPG and manufacturing.

Investor focus could stay on the progress of the L&T Infotech merger and income synergies, any delay in deal execution or deal closure as a consequence of difficult macro atmosphere, the corporate’s measures to maintain Ebitda margin above 20 per cent given excessive onsite wage inflation, and the outlook on prime accounts and pricing of contracts.

(Disclaimer: Suggestions, solutions, views, and opinions given by the specialists are their very own. These don’t signify the views of Financial Instances)



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