L&T Infotech surges 7% after posting 13% jump in March quarter net profit

The company won two large deals in Q4 with net-new TCV in excess of $100 million, culminating in a record eight large deal wins for in FY20

Shares of Larsen & Toubro (L&T) Infotech rallied 7 per cent to Rs 1,786 on the BSE on Wednesday after the company posted revenue growth of 4.7 per cent in constant currency (CC) terms on sequential basis in March quarter results. In rupee terms, the firm's revenue during the quarter under review grew up 7.1 per cent quarter on quarter (QoQ) at Rs 3,012 crore while consolidated net profit rose 13 per cent year-on-year to Rs 427.5 crore.

The global technology consulting and digital solutions company reported 10.3 per cent jump in profit before tax (PBT) at Rs 551 crore