L&T Infotech posts double-digit revenue growth in Q3, profit up marginally

During the quarter, operating margin of the L&T Group company improved 70 basis points to 16.2 per cent, owing to favourable cross-currency movement

Mid-tier information technology (IT) services firm Larsen & Toubro (L&T) Infotech posted double-digit growth in revenue on the back of ramping up large deals. Net profit though rose marginally in the third quarter (Q3) of the current financial year. The IT firm posted a net profit of Rs 376.7 crore during the quarter, which was a marginal rise over the same period last year, when the company reported Rs 375.5 crore.

Revenues of the firm rose 13.7 per cent year-on-year (YoY) to Rs 2,811 crore during the October-December period. Sequentially, growth was 9.4 per cent. In dollar terms, revenue stood