L&T Infotech shares surge nearly 8 pc after Q4 results

May 20, 2020 13:15

IT company L&T Infotech shares rallied nearly 8 per cent on Wednesday after the firm reported a 12.9 per cent growth in consolidated net profit for the January-March 2020 quarter. Stock of the company jumped 7.71 per cent to Rs 1,798 on BSE. It zoomed 7.77 per cent to Rs 1,800 on NSE. L&T Infotech on Tuesday reported a 12.9 per cent growth in consolidated net profit to Rs 427.5 crore for the January-March 2020 quarter.

This is against a net profit of Rs 378.5 crore in the same period a year ago, the company said. Its revenue was up 21.2 per cent to Rs 3,011.9 crore in the reported quarter from Rs 2,486 crore in the year-ago period, L&T Infotech (LTI) added. Seen sequentially, the net profit was up 13.5 per cent, while the topline rose 7.1 per cent. -- PTI

« Back to LIVE

TOP STORIES

IPL PIX: Samson, Hooda shine as Royals trounce LSG

Sanju Samson and Dhruv Jurel struck unbeaten half-centuries to power Rajasthan Royals to an emphatic seven-wicket victory against Lucknow Super Giants.

If elected, INDIA bloc to have 5 PMs in 5 years: Modi

Congress wants to change the Constitution and rob Dalits, OBCs of quota benefits for religion-based reservation, Modi said.

Not a single rupee...: Kejriwal to SC on ED charges

'The present case is a classic case of how the ruling party led central government has misused the central agency- Enforcement Directorate and its wide powers under PMLA to crush its biggest political opponent -Aam Aadmi Party and its...

UP: Students write 'Jai Shri Ram' on answer sheets, clear exams

The matter come to light when Divyanshu Singh, a former student of the university, sought information under the Right to Information Act after coming to know about some students of first and second semester of the D Pharma course were...

It will be...: Kharge on Amethi, Rae Bareli candidates

Kharge claimed that though the BJP says the corrupt must be put in jails, when leaders facing corruption charges join the saffron party, they are "put on the lap" and sent to Rajya Sabha or assembly.