The Company has delivered a fifth consecutive quarter of strong performance, both on revenues, and margins. It has strong order books also & added new customers in this quarter.
Earning Highlights Q3FY22
The Company expects to hire about 30,000 freshers in FY23, as the IT services major strives to ensure that supply is not a constraint in managing the robust demand environment.
Attrition is a reality across almost all industries. It has been no different for the Company. The Company had shared with media last quarter that it expects attrition to slow down only after a few more quarters. However, it now feels more confident of having stabilized its attrition rates in Q3, and expect it to moderate next quarter.
Outlook for the quarter ending March 31, 2022 – The Company expects Revenue from our IT Services business to be in the range of $2,692 million to $2,745 million. This translates to a sequential growth of 2.0% to 4.0%.
Valuation & View:
At the CMP of Rs 691, the stock is trading at annualized P/E multiple of 31 times with the annualized EPS of Rs 22.28, which is fairly valued.
Globe Capital Market Limited (“GCML”) is a Stock Broker registered with BSE, NSE and MSEI in all the major segments viz. Capital, F & O and CDS segments. GCML is also a Depository Participant and registered with both the Depositories viz. CDSL and NSDL. Further, GCML is a SEBI registered Portfolio Manager. GCML includes subsidiaries, group and associate companies, promoters, directors, employees and affiliates.
Globe Commodities Limited, Globe Derivatives and Securities Limited & Globe Fincap Limited are subsidiaries of GCML. Rolex Finvest Private Limited, A to Z Consultants Private Limited, A to Z Venture Capital Limited, M. Agarwal Stock Brokers Private Limited, A M Share Brokers Private Limited, Shri Adinath Advertising Company Pvt. Ltd., Orient Land base Private Limited, Bolt Synthetic Private Limited, Price ponder Private Limited and Lakshya Impex Private Limited are associates of GCML. Globe Comex International DMCC is step down subsidiary of GCML.
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