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Friday 29 July 2016

L&T Infotech net profit grows 34.9% y-o-y in Q1 FY17 : 28 July 2016

L&T Infotech on Thursday posted a consolidated net profit of Rs 235.8 crore for the three month ended June 30, up 34.9% from a year-ago period. Total income grew 14.8% to Rs 1,593.2, compared with the corresponding period last year. Sequentially, the net profit was up 3.2%, while total income declined 0.9%.Total income included revenues related to foreign exchange gains. Revenue from operations for the June quarter stood at Rs 1,555 crore. Revenue in constant currency terms declined 0.3% sequentially, while it grew 12.1% over the last year. 


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