Q1FY18 results: L&T Infotech
DSIJ Intelligence / 24 Jul 2017
The company's total sales for Q1FY18 came in at Rs 1670.7 crore, which represents a 0.39 per cent sequential decline and 7.44 per cent YoY increase.
Larsen & Toubro Infotech Ltd. reported its results for the quarter ended June 30, 2017 today.
The company's total sales for Q1FY18 came in at Rs 1670.7 crore, which represents a 0.39 per cent sequential decline and 7.44 per cent YoY increase.
Banking and financial services contributed 25.2% to the company's total revenue, while insurance and manufacturing verticals contributed 21.9% and 18.1%, respectively, to the revenue.
It generated 48.1% of the total revenue from onsite as against 48.7% in the last quarter.
Its operating profit (EBIT) for the quarter amounted to Rs 240.5 crore and its EBIT margin stood at 14.4 per cent.
The company reported PAT of Rs 267.2 crore, which represents a sequential QoQ increase of 4.99 per cent and a YoY increase of 13.32 per cent.
L&T Infotech is a global technology consulting and digital solutions company having more than 250 clients and operations in 27 countries.