Page 4 - L&t Infotech

Cash-rich Indian IT services companies go aggressive in M&A space

As capital allocation is altered, dividend payout to dip in the ongoing financial year

L&T Infotech rises 6%, hits new high as June quarter profit rises 17% YoY

The company's operating margin expanded 90 bps sequentially to 20.1 per cent in the three-month period

BSE IT index hits record high on strong Q1 show by Infosys, L&T Infotech

Infosys, TCS, HCL Technologies and Larsen & Toubro Infotech from the BSE IT index hit their respective record highs today

L&T Infotech's PBT rises 16.9% to Rs 558.9 cr in Q1, revenue up 18.7%

The net profit for the quarter ended June 2020 (Q1FY21) rose 17.1 per cent year-on-year to Rs 416.4 crore on account of lower operating expenses.

Abbott India, Pfizer, L&T Infotech: 11 stocks that may enter F&O segment

The eligibility of stock inclusion in the derivatives / F&O segment is based on the criteria laid down by market regulator Sebi.

Nifty outlook and stock pick by HDFC Sec: Buy Dr Reddy's Labs, L&T Infotech

Looking at the strong setup on the medium term charts, it would be advisable to buy Nifty around 9,900, for the upside target of 10,300.

No layoffs, but will take steps to cut costs, says L&T Infotech's Jalona

We are not looking at any layoffs at present, but we are looking at all ways and means to protect profits and save money to minimise the revenue impact, say Jalona

L&T Infotech's consolidated net profit rises 13% YoY to Rs 427.5 cr in Q4

Revenue of the Mumbai-headquartered IT services firm rose 21.2 per cent year-on-year to Rs 3,011.9 crore during this period.

Top headlines: V-P Naidu hints at lockdown extension, UK PM critical, more

Business Standard brings to you the top headlines of the day

L&T Infotech board evaluates CEO and MD Sanjay Jalona's extension

Sanjay Jalona is likely to get another term to lead the IT services firm

Market Ahead, February 12: Top factors that could guide markets today

A total of 486 companies, including Divi's Laboratories, Dish TV, Ashok Leyland, and IRCTC, are scheduled to announce their earnings today

Nifty view & technical calls from HDFC Securities: Buy L&T Infotech, CDSL

Technical calls from Mr. Nandish Shah, Technical & Derivatives Analyst, HDFC securities

L&T Infotech posts double-digit revenue growth in Q3, profit up marginally

During the quarter, operating margin of the L&T Group company improved 70 basis points to 16.2 per cent, owing to favourable cross-currency movement

Asian Paints, Berger Paints & 16 other BSE500 stocks hit new highs

Polycab India jumped 6 per cent to hit a new high of Rs 1,109 since its listing on April 16, 2019

L&T Infotech Q3 net rises marginally to Rs 377 cr, income up to Rs 2,875 cr

IT company L&T Infotech (LTI) on Wednesday reported a marginal rise in its net profit at Rs 376.7 crore for the quarter ended December 31, 2019. The company had clocked a consolidated net profit after tax of Rs 375.5 crore in the year-ago period, L&T Infotech said in a filing to BSE. The consolidated income of the IT firm during October-December quarter increased to Rs 2,875.3 crore over Rs 2,503.8 crore in the year-ago period, the company said. The consolidated total expenses increased to Rs 2,375.5 crore during the quarter, against Rs 2,001.5 crore in the year-ago period. The shares of L&T Infotech were trading at Rs 1,906.00 a piece in afternoon trade on BSE.

L&T Infotech's expectations of better growth in H2FY20 a shot in the arm?

December quarter results are likely to provide clarity on growth prospects

L&T Infotech hopes to clock double-digit revenue growth on large deals

After facing client-specific issues, IT firm's BFS and hi-tech vertical are likely to improve performance in H2FY20

L&T's tech twins show contrasting fortunes; LTTS falls 10%, LTI gains 7%

After muted performance over the last few quarters, LTI put up a better show in Q2FY20

L&T Infotech: Second half expected to be stronger on deals, client gains

The company was able to reverse weak revenue trends from its top five clients over the past few quarters

L&T Infotech Q2 net profit drops 10% to Rs 360.4 cr, acquires PowerupCloud

IT company L&T Infotech (LTI) on Thursday reported 10 per cent decline in consolidated net profit to Rs 360.4 crore for the quarter ended September 2019. This is against a net profit of Rs 400.3 crore in the same period a year ago, LTI said in a statement. Its revenue, however, was up 10.3 per cent to Rs 2,570.7 crore in the reported quarter from Rs 2,331.2 crore in the year-ago period, it added. Seen sequentially, the net profit was up 1.3 per cent, while the topline rose 3.4 per cent. "In Q2, we delivered a steady 11.9 per cent year-on-year growth in constant currency driven by on-track ramp up of large deal wins that we announced earlier," LTI CEO and Managing Director Sanjay Jalona said. We won three large deals in this quarter, all of them from new clients, aggregating to net-new total contract value of about USD 100 million, he stated adding that a healthy pipeline, continued large deal momentum and fast-growing digital services across all verticals makes LTI optimistic ...