Medilytix Bureau:
L&T Infotech Ltd, one of the large IT services provider in the country, on January 19 reported a consolidated profit after tax (PAT) of Rs 612 crore for the quarter ended December 2021, up 18 percent from Rs 519 crore in the corresponding quarter of the last financial year. The company had reported a profit of Rs 552 crore in the September 2021 quarter.
Consolidated revenue came in higher by 31 percent at Rs 4,138 crore for the quarter from Rs 3,153 crore in the year-ago period. Revenues in the previous quarter were Rs 3,767 crore.
Growth in constant currency revenues was 30.1 percent on year and 9.2 percent on quarter.
“We are happy to report 9.2% QoQ revenue growth in constant currency. This is our best ever quarterly sequential growth since listing”, said Sanjay Jalona, Chief Executive Officer & Managing Director.