Whalesbook
Toh scene yeh hai ki company ne Q4 mein $1.2 billion revenue report kiya. Constant currency mein yeh sequential growth 1.2% raha, jo ki analysts ke 1.5% wale estimate se thoda kam hai. Adjusted Profit After Tax (PAT) bhi sequential basis par 4.3% gira, haan lekin year-on-year 18.8% badha hai. Poore FY26 ki baat karein toh revenue 11.3% badha, EBIT 18.2% aur PAT 16.9%. Lekin ek badi chinta ki baat yeh hai ki company ka Return on Equity (RoE) FY25 ke 23.3% se ghata kar FY26 mein 21.3% ho gaya. Yeh efficiency par sawal khada karta hai. Isi wajah se, April 24, 2026 ko stock mein 6% tak ki girawat dekhi gayi.
Ab analysts kya keh rahe hain? Kuch experts ko LTIMindtree ka valuation abhi bhi theek lag raha hai. Unka P/E ratio around 27-29 chal raha hai, jo TCS aur Infosys jaise competitors (jo 18-20 P/E par hain) se zyada hai. Yeh premium unke strong RoCE aur RoE metrics ki wajah se justified hai. Indian IT sector overall 11% growth dekh raha hai AI aur Cloud ki wajah se. Par global economic uncertainties export-focused IT market ke liye challenges create kar rahi hain. Yaad hai, April 2025 mein Q4 FY25 results par stock 5% bada tha. February 2026 mein MarketsMOJO ne valuation concerns ke chalte rating 'Buy' se 'Hold' kar di thi, toh sentiment mein thoda change aa raha hai.
Ek aur reason share girne ka hai BFSI segment mein weakness. Constant currency mein is segment mein 5.5% ka sequential drop dekhne ko mila, jiska reason clients ke accounts mein kuch adjustments bataya ja raha hai. Margin par bhi pressure hai, kuch hadd tak wage hikes ke karan. RoE bhi FY23 ke 26.1% se ghata kar FY26 mein 21.3% ho gaya hai. Lekin Motilal Oswal aur Nuvama Institutional Equities jaise firms ne abhi bhi 'Buy' rating maintain ki hai aur price targets bhi badhaye hain. Motilal Oswal ka target ₹5,400 hai, Nuvama ka ₹6,200. Wahi, TipRanks par average target ₹5,972.33 aur Market Screener par ₹5,302.63 hai. Toh analysts ke targets mein bhi kafi variation hai. Yeh sab dekhte hue, short-term outlook thoda uncertain lag raha hai, haalanki company ne FY27 ke liye positive guidance di hai.