IT company L&T Infotech’s Q2 net profit rises 27% to Rs 457 crore

IT company L&T Infotech (LTI) on Tuesday reported a 26.7 per cent increase in consolidated net profit to Rs 456.8 crore for the quarter ended September 2020.

This is against a net profit of Rs 360.4 crore in the same period a year ago, LTI said in a statement.

Its revenue grew 16.6 per cent to Rs 2,998.4 crore in the reported quarter from Rs 2,570.7 crore in the year-ago period.

Sequentially, the net profit was up 9.7 per cent, while the topline rose 1.7 per cent. In constant currency terms, revenue increased 2.3 per cent quarter-on-quarter and 10.5 per cent year-on-year.

“We are pleased to report 11.2 per cent y-o-y growth in revenues and 26.7 per cent y-o-y growth in net profit in Q2.