 "L&T Infotech announces the acquisition of Pune-based start-up AugmentIQ")
Larsen & Toubro Infotech (LTI) was up 5% to Rs 746 on BSE in intra-day trade after the company reported better-than-expected results for the quarter ended March 2017 (Q4FY17).
The company’s consolidated net profit jumped 11.8% year on year (Y-o-Y) at Rs 255 crore in Q4FY17. Revenue from operations grew 7.7% at Rs 1,677 crore on Y-o-Y basis.
Analysts on an average had expected profit of Rs 231 crore on revenues of Rs 1,665 crore for the quarter.
Earnings before interest, tax, depreciation and amortization (EBITDA) margin expanded by 150 basis points to 21.4% from 19.9% in
The company’s consolidated net profit jumped 11.8% year on year (Y-o-Y) at Rs 255 crore in Q4FY17. Revenue from operations grew 7.7% at Rs 1,677 crore on Y-o-Y basis.
Analysts on an average had expected profit of Rs 231 crore on revenues of Rs 1,665 crore for the quarter.
Earnings before interest, tax, depreciation and amortization (EBITDA) margin expanded by 150 basis points to 21.4% from 19.9% in
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