No layoffs, but will take steps to cut costs, says L&T Infotech's Jalona

We are not looking at any layoffs at present, but we are looking at all ways and means to protect profits and save money to minimise the revenue impact, say Jalona

L&T Infotech closed FY20 with a stronger set of numbers. The company’s Chief Executive Officer and Managing Director Sanjay Jalona tells Sai Ishwar that despite Covid-19 affecting some of its business verticals like manufacturing and retail, the company is optimistic of posting better growth in the ongoing financial year. Edited excerpts:

How would you rate the company’s performance in the year gone by?

We had a difficult first half on account of some client-specific issues with budgets being slashed. But we came out strongly in Q3 with 8 per cent quarter-on-quarter revenue growth. The company has managed to clock 4.7 per