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Axis Securities Report
L&T Infotech Ltd. reported better-than-expected Q4 FY22 results.
The company reported revenue of Rs 4,302 crore (below our expectations) and registered a growth of 4% quarter-on-quarter in CC terms.
In line with the revenue growth, operating profit posted a growth of 1.8% QoQ and stood at Rs 846 crore.
The company's Operating Margins declined 40 basis points quarter-on-quarter to 19.7% led by strong volume growth and its superior service mix.
Net income for Q4 FY22 stood at Rs 638 crore, registering a growth of 4.1% QoQ.
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