L&T Infotech Q4FY22 net rises 17% YoY to Rs 638 cr, up 4% sequentially

Buoyed by broadbased growth across verticals and geographies, firm posts strongest revenue addition for the fiscal, up nearly 32% YoY; attrition at 24% rises marginally QoQ

Larsen & Toubro Infotech (LTI) reported net profit of Rs 637.5 crore for the fourth quarter of FY22 up 16.8 per cent year-on-year and 4.1 per cent on sequential basis.

Buoyed by broadbased growth across verticals and geographies, the company reported its strongest revenue addition for the fiscal. For Q4FY22 revenue grew by 31.6 per cent at Rs 4,301.6 crore, and was up 4 per cent sequentially. In US dollar terms the company’s revenue was up 3.1 per cent.

“We are delighted to cross the $2 billion revenue milestone with record growth of 26 per cent in FY22, our strongest