Larsen & Toubro Infotech Q2FY22 Conference Call Highlights

1 min read
  • Broad based demand across geographies and verticals.
  • The demand trend is likely to sustain for medium term- 3 years.
  • (Next half of the year) H2 will be stronger as compared to H1.
  • Demand is because of discretionary spends and transformation happening across the sectors.
  • Fresher intake will increase to 5500+ for FY-22.
  • Most of the attrition is taking place in the 3 to 6 years’ experience bracket.
  • IT companies didn’t plan to hire in the last 3 to 4 years due to sluggish growth. Hence, increased supply side issues for the IT companies currently.
  • Banks are shifting from operations and bank projects to modernization plans.
  • PAT guidance for the year (14% -15%).
  • Manufacturing demand is across the industry in terms of core digitization, data side- real time decision making, automation.
  • Retail, CPG (consumer products and goods) and Pharma vertical will pick up in H2.

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