L&T Infotech Profit Rises 18% To Rs 612 Cr

L&T Infotech Limited has reported a consolidated profit after tax (PAT) of Rs 612 crore for the quarter ended December 2021, up 18 percent from Rs 519 crore in the corresponding quarter of the last financial year. 

According to the company, it made a profit of Rs 552 crore in the September 2021 quarter.

Consolidated revenue was up by 31 per cent at Rs 4,138 crore for the quarter from Rs 3,153 crore in the same period last year. The previous quarter recorded the revenue of Rs 3,767 crore.

The dollar revenues came in at USD 553 million, growing by 29.3 percent year-on-year and by 8.7 percent quarter-on-quarter.

“We are happy to report 9.2% QoQ revenue growth in constant currency. This is our best ever quarterly sequential growth since listing. Our ongoing revenue momentum sets us up to deliver our highest year-over-year growth as a publicly listed company. We continue to have incredible conversations with our customers on their digital transformation journeys.” said Sanjay Jalona, Chief Executive Officer & Managing Director.



Source link

Related posts

Leave a Comment