L&T Infotech beats street estimates with 32% YoY profit jump in Q3

PAT was expected to be impacted by almost 10-12 per cent due to translation losses

Mumbai-based Larsen & Toubro Infotech (LTI) beat street estimates on Q3 performance, posting a 31.3 per cent sequential rise in revenue, to Rs 2,473 crore. Even profit after taxes, which was expected to be impacted by almost 10-12 per cent due to translation losses, was above estimates. LTI reported net income at Rs 375.5 crore, up 32.8 per cent over Q3 last fiscal.

“We are pleased to deliver another strong quarter with 5.6 per cent QoQ growth in USD revenues. Our broad-based revenue growth, superior margin delivery and steady cash generation in Q3 is a testimony of our focused execution