L&T Infotech reports net profit of ₹637 crore in Q4

The board has approved a dividend of Rs 30/ share for the fiscal year 2021-2022.

On Tuesday, April 19, L&T Infotech reported its financial results for the fourth quarter ended on March 2022. The consolidated net profit is recorded at Rs 637 crore, up 17% as compared to Rs 545 crore in the same quarter the previous year.

Revenue rose to 32% YoY at Rs 4,301 crore in Q4 previously it was Rs 3,269 crore in the same quarter in 2021. “We are delighted to cross the $2 billion revenue milestone with record growth of 26% in FY22, our strongest since listing. Our growth has been broad-based across verticals, service lines, client buckets and geographies. The year has seen the highest new client openings and net headcount additions,” said CEO Sanjay Jalona.

The board has approved a dividend of Rs 30/ share for the fiscal year 2021-2022. The CEO Sanjay Jalona remains positive about the company’s performance in FY2022-23. “In Q4, we won 4 large deals with net new TCV of over $80 million. Our deal pipeline continues to be robust, and we remain confident of maintaining industry leading growth in the coming year as well,” the CEO said.

Today, the shares of L&T Infotech 8.32% lower at Rs 5,385/ share on the NSE.

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