LTIMindtree Q4 Preview: Lower pass-through revenue seen impacting growth marginally
Ltimindtree moved lower in a quarterly results development for Q4 FY24.
· Moneycontrol Business
A compilation of estimates suggests the company#39;s Q4 FY24 net profit is projected to decline by 2.2 percent quarter on quarter to Rs 1,143.1…
Key facts
- Period
- Q4 FY24
The analysis
Ltimindtree reported Rs 1,143.1 crore for Q4 FY24, with movement of 2.2% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is +3.1% on the day at ₹4,038.10, and has returned +4.2% over three months. It sits 37% below its 52-week high, which means a good deal of bad news was already in the price. The it sector has moved +1.1% over the same period, so Ltimindtree is running 3.1 points ahead of its peers.
For Ltimindtree, the question is how much of this is already reflected in the price and how much re-rates the it peer set alongside it.
Why it matters
- Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Market context
- The company directly in focus is LTM.
- Sector exposure: IT.
- The immediate tone of coverage reads negative.
In this story
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