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LTI Q3 net profit rises to Rs 376.7 crore

New Delhi, Jan 15 () IT company L&T Infotech (LTI) on Wednesday reported marginal increase in consolidated net profit to Rs 376.7 crore for the quarter ended December 2019.
This is against a net profit of Rs 375.5 crore in the same period a year ago, LTI said in a statement.
Its revenue grew 13.7 per cent to Rs 2,811.1 crore in the reported quarter from Rs 2,472.9 crore in the year-ago period, it added.
Sequentially, the net profit was up 4.6 per cent, while the topline rose 9.4 per cent.
“Our outstanding quarter-on-quarter growth of 8.4 per cent in Q3 (third quarter) is a result of on-track ramp-up of large engagements we announced earlier,” LTI CEO and Managing Director Sanjay Jalona said.
He added that the company’s “superior and broad-based performance” across verticals and service

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