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

Motilal Oswal

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

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External broker reports(aggregated public sources)

Equity Bottom-Up

<p>MTCL delivered another strong quarter, with USD CC revenue growth of 7.6% QoQ, above our estimate of 6.3%, led by broad based growth across client buckets. Deal TCV was at a record high of USD504m, with a growing proportion of annuity deals, which offers better revenue visibility, but having larger than usual renewal share. EBITDA margin fell 160bp QoQ, led by higher employee additions, increased subcontracting expenses (170bp), and greater visa costs (40bp), but partially offset by cross currency gains and higher revenue (50bp).</p><div class="content-highlight"><em>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.</em></div>

MTCL delivered another strong quarter, with USD CC revenue growth of 7.6% QoQ, above our estimate of 6.3%, led by broad based growth across client buckets. Deal TCV was at a record high of USD504m, with a growing proportion of annuity deals, which offers better revenue visibility, but having larger than usual renewal share. EBITDA margin fell 160bp QoQ, led by higher employee additions, increased subcontracting expenses (170bp), and greater visa costs (40bp), but partially offset by cross currency gains and higher revenue (50bp).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.

Stellar revenue in 1QFY22, deal wins imply continuing momentum

Mindtree Ltd

Stellar revenue in 1QFY22, deal wins imply continuing momentum