Dear Prudhvi
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Economic recession in Europe & USA is transitory & consequent sequel to Russia Ukraine war. . This downcycle of Recession should get over, when the war ends .
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Now, Recession will not affect, Expleo & Tata Elxsi, since they are now executing critical work, that cannot be ramped down or postponed.
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Future projects/ orders may slow down, due to Recession, but IT ,AI ,IOT,Data analytics & Security,
RPA, cloud computing etc have become a must to survive, & for cost savings & so I don’t support the view that future orders may be ramped down in new technology areas. -
Also there are,some decisions being taken by the parent to sell, the engineering segment business & focus on BFSI & non BFSI segments,where margins are substantially higher.
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Amalgamation will be completed before December end & likely that Engineering segments may be sold
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As far as I know, Having heard from concalls, Expleo bills in dollars, worldwide, except for india, with USD at ₹81 to 84 ? ,See upside to 2 to 3 K over the coming 3 Quarters. Small cap to Midcap transformation story.
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