A good report on macros(IT) and individual it companies exposure to various sector and how much they will be impacted, also covers recovery during GFC of same and how covid 19 has different impact the GFC.
2 Likes
Something that big players like TCS did last year. Could be a step in the right direction.
Mindtree Q4FY21 - Above Expectations
Positives
- Revenues: +4.6% qoq CC … Strong (+12.6% travel & transport, +5% across communications, media, tech & retail)
- EBIT %: +290 bps qoq … lead by cost control, high utilisation rates, higher offshore mix
Outlook
- Growth: good demand across service lines . healthy deal pipeline
- Margins: confident of maintaining 20%+ EBITDA margin in near-term … despite wage hike from 1-Jan-2021
4 Likes
** Some details I searched about the management of the Company - Mindtree
Executive Board of Directors
(i) Mr Anil Manibhai Naik – Non Executive Chairman
Graduated in Mechanical Engineering, Mr. Anil Manibhai Naik has over 50 years of experience. He is also the Chairman of the L&T Group of Companies – the Group that he has served for over five decades and led for the last two.
Described by the media as ‘Mr. Infrastructure’, and ‘leading the company that is building the India of the 21st century’, Mr Naik has secured several global, national and professional honors.
(ii) Mr S N Subrahmanyan – Non-Executive Vice Chairman
Mr Sekharipuram Narayanan Subrahmanyan (S N Subrahmanyan) is Chief Executive Officer and Managing Director of Larsen & Toubro Limited.
He holds a degree in civil engineering and also a post-graduation degree in business management. Moreover, he is Vice Chairman on the Boards of LTl and L&T Technology Services and Non-Executive Chairman of L&T Metro Rail (Hyderabad) Limited.
(iii) Mr Debashis Chatterjee – CEO and Managing Director
He holds a bachelor’s degree in Mechanical Engineering from Jadavpur University.
He holds over 30 years of experience in the field of IT. DC has earlier worked at IBM, TCS and Mahindra & Mahindra.In his earlier role, as President, Global Delivery and Digital Systems and Technology at Cognizant, DC was responsible for delivery of technology services across all industry segments. Additionally, he drove technology excellence as well as global client organizations.
(iv) Mr R. Shankar Raman – Non-Executive Director
Ramamurthi Shankar Raman (R. Shankar Raman) is a qualified Chartered Accountant and a also Cost Accountant. Over the past 35 years, Shankar Raman has worked for leading listed corporates in varied capacities in the field of finance. Then, Mr Shankar Raman joined the L&T Group in November 1994 to set up L&T Finance Limited, a wholly owned subsidiary.
(v) Mr Venu Lambu – Executive Director
He holds a bachelor’s degree in electronics engineering from the University of Mysore, India. Also General Management certification from the London Business School. He is also a member of the Forbes Technology Council, and chairs customer advisory councils in North America and Europe. Mr Venu held leadership positions at Cognizant, HCL Technologies and IBM.
(vi) Mr Dayapatra Nevatia – Executive Director and COO
He holds a bachelor’s degree in electronics engineering and a master’s degree in management studies. Prior to joining Mindtree, Mr Dayapatra was the MD and Director of Delivery for advanced technology centers in India for Accenture. Earlier, he was VP at Wipro, leading global delivery operations for the Energy, Natural Resources, Utilities and Engineering & Construction business units.
2 Likes
Earnings presentation - https://www.bseindia.com/xml-data/corpfiling/AttachLive/81c69dd7-ce5c-461c-9683-e1555e331523.pdf
5 Likes
IT Stocks valuations are now crossing levels seen during strong growth period of FY09-14. Demand outlook is strong, and consensus estimates while showing an uptick can prove to be conservative
Some relative undervaluation for large cap IT stocks
1 Like
Good result. Consolidated net profit of ₹437 crore for the third quarter ended December 2021, up 34% over ₹326 crore clocked in the year-ago period. The company’s revenue from operations came in at ₹2,750 crore, registering a growth of 36% from a year ago.
3 Likes
Speculation at this stage.
3 Likes
What is the record date of Mindtree shares merger with the LTI?
Good details about changes in operational nature wrt merger
Mindtree will be delisted from stock exchanges and LTI will be rebranded as LTIMindtree effective November 24, said Vinit Teredesai, the combined entity’s Chief Financial Officer.
The merger of the two L&T software units was announced on May 6 and was expected to be completed by the end of the year. L&T Limited now owns 68.73 percent of LTI. Mindtree shareholders will be issued LTI shares at a ratio of 73 LTI shares for every 100 Mindtree shares.
1 Like
I am holding 10 shares of mind tree, so how many shares I will be allocated? 7? what will happen to be remaining .3 shares?
Amount of investment in proportion will remain same…so even though your number of shares reduce , net value remains same
Any fractional difference will be paid in cash through your account linked to demat.
24th of November, 2022. “The Effective Date for the company to start operating as one entity is November 14, 2022.” “As part of the merger, all shareholders of Mindtree will be issued shares of LTI in the ratio of 73 shares of LTI for every 100 shares of Mindtree. The parent company, L&T, will hold 68.73% of the merged entity. The Record Date to determine the eligible shareholders of Mindtree for issue of equity shares of LTI pursuant to the scheme is fixed as November 24, 2022.”
LTI shares credited to my zerodha account as per terms of the LTI - Mindtree merger. However not able to ascertain if the cash portion of the fractional shares has been credited as well. Checked my primary bank account linked to zerodha as well. Can anyone confirm receipt of cash and its location whereabouts?
2 Likes