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.

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

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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.

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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.