External broker reports(aggregated public sources), Motilal Oswal Financial Services Limited

Motilal Oswal

External broker reports(aggregated public sources)

Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited is an Indian diversified financial services firm offering a range of financial products and services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Motilal Oswal's research report onTech Mahindra Tech Mahindra (TECHM) reported 2QFY25 revenue of USD1.6b, up 0.7% QoQ in constant currency (CC) vs. our estimate of 0.2% QoQ CC.</li><li>The growth was driven by Retail/Technology (up 5.6%/5.7% sequentially).</li><li>Communication/BFSI also witnessed growth of 2.7%/2.4% QoQ, while Manufacturing declined 4% QoQ.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Motilal Oswal's research report onTech Mahindra Tech Mahindra (TECHM) reported 2QFY25 revenue of USD1.6b, up 0.7% QoQ in constant currency (CC) vs. our estimate of 0.2% QoQ CC.The growth was driven by Retail/Technology (up 5.6%/5.7% sequentially).Communication/BFSI also witnessed growth of 2.7%/2.4% QoQ, while Manufacturing declined 4% QoQ.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>TechM reported steady revenue growth &amp; strong margin expansion in Q2FY25.</li><li>Revenue came at US$1.59 bn, up 0.7% QoQ in CC vs our expectation of flat growth &amp; cons. est. of 0.4% QoQ CC growth.</li><li>Growth in qtr. was aided by verticals of Hitech, CME &amp; BFSI offset by the weakness in Manufacturing. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

TechM reported steady revenue growth &amp; strong margin expansion in Q2FY25.Revenue came at US$1.59 bn, up 0.7% QoQ in CC vs our expectation of flat growth &amp; cons. est. of 0.4% QoQ CC growth.Growth in qtr. was aided by verticals of Hitech, CME &amp; BFSI offset by the weakness in Manufacturing. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Tech Mahindra - Steady Growth & Another Strong Quarter of Margin Expansion…

External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>The outlook for Telecom and other verticals remains uncertain in the near term, though it remains positive in the long run.</li><li>Total Contract Value (TCV) remained strong in Q1FY25, amounting to $603 Mn, driven primarily by significant deal wins in the Communication and Enterprise segments. </li><li>Management is confident of gaining medium-term demand momentum, supported by deals secured in previous quarters. Additionally, margin improvements are expected going forward.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The outlook for Telecom and other verticals remains uncertain in the near term, though it remains positive in the long run.Total Contract Value (TCV) remained strong in Q1FY25, amounting to $603 Mn, driven primarily by significant deal wins in the Communication and Enterprise segments. Management is confident of gaining medium-term demand momentum, supported by deals secured in previous quarters. Additionally, margin improvements are expected going forward.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Tech Mahindra Ltd - Results Inline Expectations; Outlook Improves

<ul><li>Tech Mahindra (TECHM) reported 1QFY25 revenue of USD1.5b, up 0.7%QoQ in CC vs. our estimate of 0.4% QoQ CC.</li><li>The weakness was primarily due to a continued slowdown in CME (down 2.0% QoQ).</li><li>Banking and Technology were flat QoQ, while Manufacturing showed continued strength with 2.4%QoQ growth. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Tech Mahindra (TECHM) reported 1QFY25 revenue of USD1.5b, up 0.7%QoQ in CC vs. our estimate of 0.4% QoQ CC.The weakness was primarily due to a continued slowdown in CME (down 2.0% QoQ).Banking and Technology were flat QoQ, while Manufacturing showed continued strength with 2.4%QoQ growth. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Tech Mahindra - Light at the End of the Tunnel

External broker reports(aggregated public sources), Sharekhan

Sharekhan

Sharekhan is India's leading broking house providing services from easy online trading, research to wide array of financial products. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>The management has outlined a strategic plan over the next three years to enhance the company’s sustainability and predictability in terms of growth and profitability.</li><li>The company aims to achieve a turnaround in FY25, stabilize in FY26 and start reaping returns in FY27.</li><li>The company aims to achieve topline growth above peers in FY27 with an EBIT margin exceeding 15% while achieving $250 million in savings each year for the next three years. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

The management has outlined a strategic plan over the next three years to enhance the company’s sustainability and predictability in terms of growth and profitability.The company aims to achieve a turnaround in FY25, stabilize in FY26 and start reaping returns in FY27.The company aims to achieve topline growth above peers in FY27 with an EBIT margin exceeding 15% while achieving $250 million in savings each year for the next three years. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Tech Mahindra - Roadmap Engineered for Long Term Success: Upgrade to Buy

India

Tech Mahindra Ltd. develops and markets computer software.  The Company markets software for telecommunications equipment manufacturers, telecom service providers, software vendors, and systems integrators.

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Tech Mahindra (TECHM IN)

Tech Mahindra - Transformation on Track

Motilal Oswal's research report onTech Mahindra Tech Mahindra (TECHM) reported 2QFY25 revenue of USD1.6b, up 0.7% QoQ in constant currency (CC) vs....

Motilal Oswal

Tech Mahindra - Steady Growth & Another Strong Quarter of Margin Expansion…

TechM reported steady revenue growth & strong margin expansion in Q2FY25. Revenue came at US$1.59 bn, up 0.7% QoQ in CC vs our expectation of flat...

Prabhudas Lilladhar

Tech Mahindra Ltd - Results Inline Expectations; Outlook Improves

Total Contract Value (TCV) remained strong in Q1FY25, amounting to $603 Mn, driven primarily by significant deal wins in the Communication and...

Axis Direct

Tech Mahindra - Light at the End of the Tunnel

Tech Mahindra (TECHM) reported 1QFY25 revenue of USD1.5b, up 0.7%QoQ in CC vs. our estimate of 0.4% QoQ CC. The weakness was primarily due to a...

Motilal Oswal

Tech Mahindra - Roadmap Engineered for Long Term Success: Upgrade to Buy

The management has outlined a strategic plan over the next three years to enhance the company’s sustainability and predictability in terms of...

Sharekhan

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