Page 3 - L&t Infotech

L&T gains 4% as brokerage Motilal Oswal raises target price to Rs 1,950

L&T is top pick in the wider Capital Goods sector as a proxy to play India's capex story, the brokerage firm said

Larsen & Toubro Infotech, Persistent: Mid-cap IT stocks that can rise 7-15%

stocks in the mid-tier IT segment have been buzzing and continue to see a good investor interest. Here is the lists of mid-cap IT stocks that look good on the charts

Stocks to watch: Wipro, L&T Infotech, Sona Comstar, Bandhan Bank, HDFC AMC

Pidilite Industries announced the appointment of Sudhanshu Vats as the company's deputy managing director

LTI Q1 consolidated net profit up by 19.3% at Rs 496.8 cr

IT firm L&T Infotech (LTI) on Thursday reported a 19.3 per cent rise in consolidated net profit to Rs 496.8 crore for the June 2021 quarter, and declared a special dividend of Rs 10 per share. The company had registered a net profit of Rs 416.4 crore in the same period a year ago, LTI said in a statement. Its revenue was up 17.4 per cent to Rs 3,462.5 crore in the reported quarter from Rs 2,949.2 crore in the year-ago period, it added. "We are pleased to report our best ever Q1 sequential growth of 5.1 per cent, driven by holistic growth across our verticals, service lines, client pyramid and geographies. Our healthy pipeline and continued strong demand make us confident of our future growth," LTI CEO and Managing Director Sanjay Jalona said. The company, over the past five years, has delivered USD revenue CAGR of 13.5 per cent and more than doubled its net profit, he added. "I am proud of how we continue to innovate and deliver year on year industry-leading growth. I am also ...

Margin and valuation concerns could limit upsides in L&T Infotech

Revenue growth trajectory however is expected to remain robust

L&T Infotech Q4 net profit rises 28%; declares final dividend of Rs 25

Revenue for Q4FY21 grew 8.5% at Rs 3,269 cr

L&T consolidated Q3 PAT at Rs 2,467 crore, up 5% YoY on lower expenses

Consolidated Group order book at record high of Rs 331,061 crore as on Dec 31, 2020

L&T Infotech Q3 PAT jumps 38% to Rs 519 cr on higher revenues, margins

Larsen & Toubro Infotech on Tuesday reported a 37.85 per cent jump in net profit to Rs 519.3 crore for the December quarter, mainly driven by a surge in revenue and margin expansion. The IT arm of engineering major L&T had posted a net profit of Rs 376.7 crore in the year-ago period. It reported a 12 per cent increase in revenues to Rs 3,152.8 crore for the quarter as against Rs 2,811 crore a year ago. Compared to the preceding September quarter, the revenues were up nearly 6 per cent. Its chief executive and managing director Sanjay Jalona said the company's revenues have exceeded the levels attained in FY20 and exuded confidence of closing FY21 with revenue growth in high single digits. The net income margin expanded to 16.5 per cent as against 13.4 per cent in the year-ago period and 15.2 per cent in the preceding September quarter. Jalona said a higher utilisation of over 84 per cent, greater volume of work done onshore in India and faster revenue growth helped in the ...

L&T Infotech, IBM to establish innovation centre in Bengaluru

Digital solutions major Larsen & Toubro Infotech (LTI) is expanding its multi-year global alliance with IBM to help businesses transform their operations through hybrid cloud adoption.LTI will help clients migrate and modernise core business applications leveraging IBM cloud offerings.As part of this relationship, LTI and IBM plan to establish an innovation centre in Bengaluru this year. The centre will offer a comprehensive suite of IBM's cloud, automation, integration, data and artificial intelligence solutions to foster innovation.IBM will provide training to LTI employees to facilitate co-creation workshops and solution development for their clients.Sudhir Chaturvedi, President for sales and Executive Board member at LTI, said the world's leading organisation's trust LTI as the partner of choice in enabling their digital transformation journeys and modernising their existing technology landscape."We are expanding our resolute relationship with IBM to allow customers to ...

IT shares in demand ahead of Q3 results; TCS, Infy, HCL Tech hit new highs

Analysts at Motilal Oswal said the multiple mega deal wins in Cloud and Captive should add incremental growth to the sector's already buoyant organic growth momentum

L&T Infotech: New initiatives, deal wins to help maintain growth trajectory

Valuations, however, discount near-term gains on revenue visibility, execution

Strong deal pipeline to sustain L&T Infotech's growth trajectory

Margins could face some pressure in the near term

Strong deal pipeline to sustain L&T Infotech's growth trajectory

Margins could face some pressure in the near term

Post strong Q2 show, L&T Infotech hopeful of meeting margin, revenue goals

After a sharp increase in profit margins for the September quarter, Larsen & Toubro Infotech, the IT arm of engineering major L&T, is now confident of achieving its 14-15 per cent net income margin target, its chief executive Sanjay Jalona said on Wednesday. The company feels the demand environment has changed for the better as companies adjust to the new realities, and hence it is confident of maintaining the revenue growth as well, he said. Jalona attributed the 1.1 per cent widening of the margins on a sequential basis to 15.2 per cent during the September quarter to higher utilisation, increased offshoring of work and a dip in expenses on sales and travel. "We were not confident of maintaining margins when the COVID crisis hit us. None of us had worked in a scenario like this. But now, we are confident of achieving the 14-15 per cent targeted level on the net income margin," Jalona told PTI on a call. The company had to give discounts to some of its customers as the ...

MARKETS: Metal, realty stocks shine in choppy trade; Sensex ends 163 pts up

All that happened in the markets today

IT company L&T Infotech's Q2 net profit rises 27% to Rs 457 crore

IT company L&T Infotech (LTI) on Tuesday reported a 26.7 per cent increase in consolidated net profit to Rs 456.8 crore for the quarter ended September 2020. This is against a net profit of Rs 360.4 crore in the same period a year ago, LTI said in a statement. Its revenue grew 16.6 per cent to Rs 2,998.4 crore in the reported quarter from Rs 2,570.7 crore in the year-ago period. Sequentially, the net profit was up 9.7 per cent, while the topline rose 1.7 per cent. In constant currency terms, revenue increased 2.3 per cent quarter-on-quarter and 10.5 per cent year-on-year. "We are pleased to report 11.2 per cent y-o-y growth in revenues and 26.7 per cent y-o-y growth in net profit in Q2. We are also happy to announce a large deal with net new TCV (total contract value) in excess of USD 40 million in analytics," LTI Chief Executive Officer and Managing Director Sanjay Jalona said. The company's large deal pipeline remains strong and it sees increased traction in digital, cloud and .

L&T Infotech net rises 26.7%, announces interim dividend of Rs 15 a share

Revenue of the Mumbai-headquartered IT services firm rose 16.6 per cent year-on-year to Rs 2,998.4 crore during the period under review

MARKET WRAP: Indices rise for 3rd day, Sensex up 113 pts; IT stocks advance

All that happened in the markets today

Stock calls by Nilesh Jain of Anand Rathi: Buy Bharat Forge, L&T Infotech

The stock of Bharat Forge has formed a strong base and has started making a higher top and higher bottom formation on the daily chart

IT firms roll out solutions to help clients return to office smoothly

WFH-themed solutions aimed at cost saving and better employee management for clients