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L&T Infotech soars 8% after upbeat March quarter results
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MUMBAI : Shares of Larsen & Toubro Infotech surged 7.7% on Wednesday after the company reported a 4.7% sequential rise in revenue in constant currency terms for the March-ended quarter.
Consolidated net profit jumped 13.5% quarter-on-quarter to ₹427.50 crore in January-March, while net sales rose 7.1% to ₹3,011.90 crore.
At 0145 pm, the stock traded at ₹1773.75, up 6.3% from its previous close, while the benchmark Sensex was up 0.58% at 30370.80 points.
During the quarter, 27 new clients were added while attrition rate slowed down sequentially to 16.5% from 17.7%. L&T Infoetch won two large deals in Q4 with net-new TCV in excess of $100 million, culminating in a record eight large deal wins in this fiscal. “In a quarter where core
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