 "larsen and toubro, L&T")
L&T Infotech ended FY21 on a strong note outperforming its mid-cap peers with steady revenues and best-in-class margins. Though growth in the quarter was broadbased, the 4.4 per cent sequential uptick on a constant currency basis was driven by hi-tech and media sectors with the former benefiting from the $204 million Injazat deal.
Even in FY21, the company’s growth of 9.5 per cent in dollar terms was in the top quadrant led by the financial services space and recovery in other verticals. Earnings before interest and tax (EBIT) margins for the financial year also improved 350 basis points to 19.6
