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Margin and valuation concerns could limit upsides in L&T Infotech

Revenue growth trajectory however is expected to remain robust

Topics
L&T Infotech | Larsen & Tourbo L&T | Indian markets

Ram Prasad Sahu  |  Mumbai 



larsen and toubro, L&T
At the current price, the stock is trading at 24 times its FY23 earnings estimates.

ended FY21 on a strong note outperforming its mid-cap peers with steady revenues and best-in-class margins. Though growth in the quarter was broadbased, the 4.4 per cent sequential uptick on a constant currency basis was driven by hi-tech and media sectors with the former benefiting from the $204 million Injazat deal.

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First Published: Tue, May 11 2021. 19:05 IST

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