Larsen & Toubro Infotech Q1 net profit dips 6.1%, revenue up 15.3%

Mumbai-based IT company Larsen & Toubro Infotech (LTI) posted disappointing numbers following pressure on some of their top clients. The company reported a revenue of Rs 2,484.9 crore, growth was flat sequentially and 15.3 per cent over the year.

Net profit dipped 1.5 per cent YoY and 6.1 per cent sequentially to Rs 355.7 crore. Dollar revenue stood at $356.5 million at 12.9 per cent constant currency growth over the year. The company missed street estimates.

“We delivered 12.9 per cent YoY revenue growth in constant currency driven by Digital Services that now make up 39 per cent of our