Going forward, the company is expected to report robust numbers based on multiyear large deals won by the company and ramp up of previous deals. In addition, the company's strategy to diversify into healthcare and broadband is bearing fruit.
The management said the company is seeing sustained recovery in the automotive market for the second consecutive quarter. This quarter has seen OEMs reinitiating key R&D programs, leading to resumption of projects as well as deals with Tier1 suppliers.
“We are entering the fourth quarter and a new year with the reinforced confidence of a strong deal pipeline across markets
and industries, and capabilities in product engineering, design and digital, that makes our offerings more relevant and our market position stronger than ever before,” said Manoj Raghavan, Managing Director and CEO.
is amongst the world’s leading providers of design and technology services across industries including automotive, media, communications and healthcare.
At 09:46 am, the stock was trading 9 per cent higher at Rs 2,263 on the BSE, as compared to 0.52 per cent rise in the S&P BSE Sensex. The trading volumes on the counter more-than-doubled with a combined 1.31 million equity shares changing hands on the NSE and BSE, so far.