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Larsen & Toubro Infotech Ltd.

BSE: 540005 Sector: IT
NSE: LTI ISIN Code: INE214T01019
BSE 15:25 | 12 Aug 2500.50 -15.60
(-0.62%)
OPEN

2525.00

HIGH

2528.95

LOW

2476.35

NSE 15:19 | 12 Aug 2493.10 -23.35
(-0.93%)
OPEN

2500.00

HIGH

2530.00

LOW

2476.00

OPEN 2525.00
PREVIOUS CLOSE 2516.10
VOLUME 2148
52-Week high 2530.00
52-Week low 1207.60
P/E 27.82
Mkt Cap.(Rs cr) 43,609
Buy Price 2498.05
Buy Qty 15.00
Sell Price 2502.30
Sell Qty 1.00
OPEN 2525.00
CLOSE 2516.10
VOLUME 2148
52-Week high 2530.00
52-Week low 1207.60
P/E 27.82
Mkt Cap.(Rs cr) 43,609
Buy Price 2498.05
Buy Qty 15.00
Sell Price 2502.30
Sell Qty 1.00

Larsen & Toubro Infotech Ltd. (LTI) - Chairman Speech

Company chairman speech

Dear Shareholders

You will be happy to know that your Company has turned in consistently impressiveperformance-recording high growth for the third consecutive year. In line with itsstrategic objectives its digital revenues now stand at 38% of total revenue contributingsubstantially to its overall growth.

During the year LTI made two acquisitions and further expanded the capabilities ofits Mosaic ecosystem. I believe LTI is well on track to achieving its goal - joining thedifferentiated league of IT players who zero-in on global new-age businesses and digitaltransformation.

This strategic focus has enabled your Company to cope with the tumultuous changes ofthe emerging business environment. While changing consumer behaviour and tech-baseddisruption are re-writing industry's rulebooks your Company has stayed ahead of the curveby breaking away from traditional business moulds to adopt and articulate a new model thatis better suited to the times.

Early in its journey LTI realized the need for a unique positioning to rise above theclutter and decided to achieve this by enabling the radical transformations of itsclients which include some of the world's leading enterprises across industries. I amproud to say that this approach combined with the power of the L&T brand legacy hasworked well and helped LTI establish itself firmly as an example of a BreakawayEnterprise. This uniqueness has given your Company salience in markets vulnerable tocommoditization accelerated its growth and win accolades from industry observers andinfluencers. Today LTI occupies a niche as a preferred digital partner to the enterpriseof tomorrow.

Your Company recognizes both the challenges and the opportunities implicit in aturbulent hyper competitive scenario. Our customers' expectations escalate incessantly.They are increasingly adept at new-age technologies viz. AI Automation MachineLearning etc. and they are looking for effective solutions to secure their vast digitalassets against data breaches. For us this digital-first scenario provides unparalleledopportunities to bring about an enterprise-wide transformation. Your Company is equippedand eager to address the upcoming challenges. As clients shift from Digital to Breakawayyour Company will keep in step and live up to its theme line of रLet's Solve'.

I am confident that LTI is headed towards making the most of the opportunities of thefuture.

I wish Sanjay and the entire LTI team all the very best in this journey.

A.M. Naik

Founder Chairman