L&T Infotech Q3 net rises marginally to Rs 377 cr, income up to Rs 2,875 cr

IT company L&T Infotech (LTI) on Wednesday reported a marginal rise in its net profit at Rs 376.7 crore for the quarter ended December 31, 2019.

The company had clocked a consolidated net profit after tax of Rs 375.5 crore in the year-ago period, L&T Infotech said in a filing to BSE. The consolidated income of the IT firm during October-December quarter increased to Rs 2,875.3 crore over Rs 2,503.8 crore in the year-ago period, the company said.

The consolidated total expenses increased to Rs 2,375.5 crore during the quarter, against Rs 2,001.5 crore in the year-ago period. The shares of L&T Infotech were trading at Rs 1,906.00 a piece in afternoon trade on BSE.