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L&T Infotech’s impressive growth in Q4 adds heft to its valuations

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L&T Infotech Ltd (LTI) reported strong performance for the March quarter. Its revenue grew 4.7% sequentially in constant currency, higher than Street estimates.

The growth was broad based. Except insurance, all business verticals clocked sequential revenue growth in constant currency terms.

Not surprisingly investors were enthused. The stock gained 7% in Wednesday's trade. The company's performance is at variance with frontline IT firms which saw notable deceleration in headline growth rates, accentuated by covid-19 led disruption in March.

In comparison, LTI maintained double digit year-on-year growth rate. Constant currency revenue grew 17.4% from the year ago period.

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