L&T Infotech's March Quarter Profit Sees 17% Rise

Larsen & Toubro Infotech has reported a 16.8 per cent improve in consolidated revenue for March quarter

IT firm Larsen & Toubro Infotech on Tuesday reported a 16.8 per cent improve in consolidated revenue at Rs 637.5 crore within the quarter ended March.

The firm had recorded a consolidated revenue of Rs 545.2 crore in the identical interval a 12 months in the past.

The income from operations elevated by 31.57 per cent to Rs 4,301.6 crore throughout the reported quarter. The identical stood at Rs 3,269.4 crore within the year-ago interval.

For the 12 months ended March 31, 2023, L&T Infotech recorded an 18.63 per cent rise in consolidated revenue at Rs 2,296.8 crore. In the year-ago interval, it was at Rs 1,936.1 crore.

The firm's annual revenue from operations grew 26.66 per cent to Rs 15,668.7 crore within the final fiscal in comparison with Rs 12,369.8 crore in 2020-21.