Home / Companies / News / L&T Infotech's PBT rises 16.9% to Rs 558.9 cr in Q1, revenue up 18.7%

L&T Infotech's PBT rises 16.9% to Rs 558.9 cr in Q1, revenue up 18.7%

The net profit for the quarter ended June 2020 (Q1FY21) rose 17.1 per cent year-on-year to Rs 416.4 crore on account of lower operating expenses.

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The company saw its headcount remain flat at 31,477 employees on a quarter-on-quarter basis. The attrition rate also dropped 130 basis points to 15.2 per cent during the quarter.

Sai Ishwar Mumbai

2 min read Last Updated : Jul 16 2020 | 2:53 AM IST

Mid-size IT services firm Larsen & Toubro Infotech (LTI) reported a profit before tax (PBT) of Rs 558.9 crore, up 16.9 per cent year-on-year (YoY), while it remained flat on sequential basis, the company said in an exchange filing. The net profit for the quarter ended June 2020 (Q1FY21) rose 17.1 per cent year-on-year to Rs 416.4 crore on account of lower operating expenses. It, however, fell 2.6 per cent on a sequential basis.

Revenue of the Mumbai-headquartered IT services firm rose 18.7 per cent year-on-year to Rs 2,949.2 crore during this period. The revenue, too, declined 2.1 per cent

Topics : Coronavirus Mid-sized IT firms L&T Infotech Q1 results pre-tax profit Indian IT firms Tata Consultancy Services TCS Larsen & Toubro (L&T)

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