L&T Infotech net up 12.9% in Q4

L&T Infotech has reported a net profit of ₹427.5 crore for the quarter-ended March, an increase of 12.9 per cent year-on-year. In the corresponding year-ago period, the net profit was ₹378.5 crore. On a sequential basis, the net profit rose 13.48 per cent over the ₹376.7 crore posted in December 2019.

For the financial year 2019-20, the profit came in at ₹1,520.5 crore, up marginally by 0.3 per cent from the ₹1,515.5 crore recorded in 2018-19.

Revenues in Q4 came in at ₹3,011.9 crore, up 21 per cent from the ₹2,486 crore in the year-ago period.

For the whole year (FY20), the company clocked a revenues of ₹10,878.6 crore, a 15.2 per cent rise over the ₹9,445.8 crore posted in FY19.