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Axis Securities Report
Larsen and Toubro Infotech Ltd. delivered robust revenue growth of 13.7% YoY and stood at Rs 12,369.8 crore aided by robust deal wins and superior execution.
The company delivered superior operating margins of 22% in FY21 expanding 330 basis points than previous year, driven by higher offshoring, efficient utilisation, lower attrition, and superior service mix.
L&T Infotech continues to invest in employee addition to ramp up new deals it has won in the previous quarter as well as to strictly adhere to the project delivery timelines.
In the long run, augmenting its human resource capabilities is expected to play a crucial role in achieving sustainable growth.
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