LTI posts 35% profit growth, 29% revenue growth in Q1 at Rs 3.6 bn

LTI announced a large deal with a Global Fortune 100 consumer and pharmaceutical giant with a net-new total contract value win in excess of $50 mn

IT midcap Larsen & Toubro Infotech (LTI) posted profits of Rs 3.6 billion growing of 24.8 per cent sequentially and 35.2 per cent year on year (YoY) for the first quarter ended on June 30.

Revenue grew at Rs 21.55 billion up 29 per cent YoY and 7.7 per cent sequentially.

"We are pleased to report a strong start to the year with 5.1 per cent QoQ revenue growth in