| CMP Rs. 691 | M Cap Rs. 378725 Cr | 52 W H/L 740/398
(Nirmal Bang Retail Research)
Result is below expectation
Expect Q4 revenue from IT Services business to be in the range of $2,692 million to $2,745 million (2-4%) inline with street expectation
CC QoQ came at 3% vs expectation of 4.1%, QoQ 8.1%, YoY 3.4%
Dollar revenue came at $ 2639.7 Mn,(2.3% QoQ, 27.5% YoY) vs expectation of $ 2676.9 Mn, QoQ $ 2580 Mn, YoY $ 2071 Mn
Net sales came at Rs. 20313.6 Cr (3.3% QoQ, 29.6% YoY) vs expectation of Rs. 20328.3 Cr, QoQ Rs. 19667.4 Cr, YoY Rs. 15670 Cr
EBIT came at Rs. 3433.4 Cr (1.1% QoQ, 3.3% YoY) vs expectation of Rs. 3493.7 Cr, QoQ Rs. 3397.2 Cr, YoY Rs. 3324.7 Cr
EBIT Margin came at 16.9% vs expectation of 17.2%, QoQ 17.3%, YoY 21.2%
Adj. PAT came at Rs. 2969 Cr vs expectation of Rs. 3014.9 Cr, QoQ Rs. 2930.5 Cr, YoY Rs. 2966.7 Cr
Quarter EPS is Rs. 5.4
Stock is trading at P/E of 27.1x FY23E EPS