Questions across 25 calls

Sulabh Govila

Morgan Stanley

Cyient Limited

Cyient Limited CC-Mar24.pdf · 2024-04-25

My first question is with respect to the revenue guidance. So, I just wanted to understand how should we think about this guidance panning out across verticals with respect to which verticals would you expect to do the heavy lifting for the year? And which verticals would relatively lag. So, whatever is the current expectation as per the guidance?

Okay. Understood. And with respect to the quarterly trajectory of this guidance panning out, should we think about this year to be a back -ended growth year with respect to this guidance? Or you think that the growth would be equally panned out across quarters?

Cyient Limited CC-Sep23.pdf · 2023-10-19

So, the first question is more of a clarification from one of the remarks that you made. So , is there any sort of an impact from the geopolitical issues that we are facing in the Middle East on the sector or Cyient in anyway?

My second question is with respect to the guidance that we have in which we've tended to guide towards the lower end. So, for us to do the bottom end of the guide, the ask rate if I am not wrong is upwards of 3% in the next two quarters. So, just trying to understand how confident are we in terms of delivering that sort of a growth rate in the environment we are in? Whether would you expect that to gradually pick up, which would mean that 4Q would be better than 3Q, just some understanding there?

LTM Limited

LTM Limited CC-Mar24.pdf · 2024-04-24

My first question is on the deal wins. So this Y-o-Y deal win number that we reported this quarter is a bit softer than a 20% growth that we've seen in the last 3 quarters. So is there a further change in the client behaviour that you saw in this quarter? Or is it just a quarterly anomaly that will sort out over the next quarters? And if you could also comment on - given the divergence of deal wins and the revenue growth due to the changing nature of the deals that we are winning, at what growth levels of these deal wins, do we think that there could be some meaningful sequential growth that we can report in revenue?

Understood. And at what point in time should we expect this divergence between deal wins and the revenue growth to sort out?

Tata Elxsi Limited

Tata Elxsi Limited CC-Mar24.pdf · 2024-04-23

Hi. Thanks for the opportunity. So my first question is on the transportation business. So I just wanted to understand that there are multiple moving parts in the sense that, on the one hand we have OEM -related business where we see SDV projects coming in. And then at the same time, there is a delay in the form of ramp -up of some of these projects? And also ex of OEMs, some of the Tier 1 business could be coming off. So just wanted to understand right now, the sort of growth that we have posted, which is 1.2% Q -on-Q, when can we think about this accelerating given that there are multiple moving parts there?

Okay, understood. And my second question was on the media vertical. So I just wanted to understand that while you mentioned that this particular ramp down is now over and you also see some of the opportunities in other parts of this vertical. So just wanted to understand that from an overall outlook for this vertical in the coming quarters versus what we've seen overall in the last year, which is sort of a decline for the full year. So should we expect in the coming quarters an improvement in the outlook for this vertical, given what you see today?

Coforge Limited

Coforge Limited CC-Dec23.pdf · 2024-01-22

Thank you for taking my question. My first question is around the opening remarks that you made with respect to some of the additional environment issues in which you mentioned that it was depressed additionally in the December quarter. Just wanted to understand what has additionally come in and if you could provide some context around which areas and which verticals? When would you expect this to reverse or would it be a headwind in the coming quarters. And the furloughs that you mentioned, are they reversing completely in the coming quarter?

Thank you for the comprehensive answer. My 2 nd question is on the margin outlook for Q4. If I understand your Q4 margins were closed to 19.5% last year and 19.6%. If I take that as the exit margin, then hopefully your margin will be close to 17.8% on an adjusted EBITDA basis which is 50 basis points lower than last year versus our initial expectation of flattish years, So is that the correct understanding that we have for now?