L&T Infotech extends fall post Q4 results; stock slips 15% in three days

In Q4FY22, EBIT margin moderated by 60 basis points (bp) QoQ and 210 bps YoY to 17.3 per cent due to lower working days and revenue mix

Shares of Larsen & Toubro (L&T) Infotech continued their downward trend after they slipped 6 per cent to Rs 5,143 on the BSE in Wednesday's intra-day trade after the company reported revenue growth of 3.6 per cent quarter-on-quarter (QoQ) in constant currency (CC) terms on a high base. Meanwhile, earnings before interest and tax (EBIT) margin moderated by 60 basis points (bp) QoQ and 210 bps YoY to 17.3 per cent in Q4FY22 due to lower working days and revenue mix.

The stock of the L&T Group software & consulting company has plunged 15 per cent in the past