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L&T Infotech announces Q4 earnings | What should investors do now; buy, sell or hold?

Larsen & Toubro Infotech reported a consolidated profit after tax (PAT) of Rs 637 crore for the quarter ended March 2022, up 17 percent from Rs 545 crore in the corresponding quarter of the previous financial year.

April 20, 2022 / 09:36 AM IST
L&T Infotech

L&T Infotech

 
 
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Larsen & Toubro Infotech share price declined 4 percent in early deals on April 20 after company announced its March quarter earnings.

Larsen & Toubro Infotech on April 19 reported a consolidated profit after tax (PAT) of Rs 637 crore for the quarter ended March 2022, up 17 percent from Rs 545 crore in the corresponding quarter of the previous financial year.

The profit for the quarter improved by 4.1 percent from the reported profit of Rs 612 crore in the December 2021 quarter.

Consolidated revenue came in higher by 31.6 percent at Rs 4,302 crore for the quarter from Rs 3,269 crore in the year-ago period. Revenues during the quarter were higher by 4 percent from Rs 4,137.6 crore registered in the previous quarter.