L&T Tech will hit billion-dollar run rate between Q2 and Q3 this year: Amit Chadha

“Our incremental cycles are effective July 1 and our employees have been handed out the new letters or will be handed out letters in the next couple of days but usually we plan to close it so there is definitely a charge we will get because of increased labour cost. But having said that, we do have some avenues in terms of neutralisation, pyramid, offshoring and larger contracts that we are winning at better margins so it is work in progress, the quarter is not ,done yet,” says Amit Chadha, CEO & MD, L&T Tech.