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  • L&T Infotech Q1 earnings: Everything you need to know

    Publish Date: 25th July, 2018

    Information Technology firm Larsen and Toubro (L&T) Infotech Ltd announced its first quarter results for FY19. Here are all the details you need to know.

    Earnings snapshot

    Profit
    Growth
    Revenue
    Growth
    Rs 361.2 crore35.2%Rs 2,155.7 crore29%

    Beyond P&L

    The company delivered a strong start to the year with a 5.1% QoQ revenue growth in constant currency terms. During the quarter, the company witnessed double digit sequential growth in various sectors such as banking, financial services and media. In addition to this, the company has increased its focus on leveraging digital technologies for higher growth. Digital contribution to revenues during the quarter was 34%.

    Read key highlights of the company’s results here.

    Management commentary

    After posting good results for the quarter, the company’s CEO and Managing Director Sanjay Jalona said that the company’s “deep understanding of physical and digital convergence” has laid the foundation for a multi-year growth trajectory for the company.

    What our research says?

    The company’s success over the past two years can be attributed to new leadership and a talent revamp by the company’s CEO. In addition, the company’s focus on large deals, investment in sales transformation and deepening of relationships with top 50 clients have helped the company to reap rich dividends in the recent past. The company is expected to outperform larger competition in terms of growth rates. Its revenue for FY19 is forecast to grow by 19.1%, according to a report by Kotak Institutional Equities.

    You can read the report here

    Stock market reaction

    Shares of L&T Infotech shot up very high after markets opened on Tuesday. The company’s share opened at Rs 1,826.30, a 6.1% increase from Monday’s close of Rs 1721.55.

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