The IT firms consolidated net profit jumped 18% while revenues increased 31.2% in Q3 FY22 over Q3 FY21. Profit before tax rose by 11% quarter on quarter and 17.8% year on year basis to Rs 823.70 crore in Q3 FY22.
In USD terms, revenue stood at $553 million in Q3 FY22 rising 8.7% quarter on quarter and 29.3% year on year. Constant currency revenue growth was at 9.2% quarter on quarter and 30.1% year on year.
On the margin front, the IT companys EBITDA margin fell to 20.1% in Q3 FY22 from 23.2% in Q3 FY21. EBITDA margin stood at 19.5% in Q2 FY22.
The company said its total client base now stands at 476 active clients at the end of quarter. The firms attrition rate was sharply higher at 22.5% in Q3 FY22 as compared to 19.6% in Q2 FY22 and 12.4% in Q3 FY21.
Sanjay Jalona, CEO & MD of the company said, ?We are happy to report 9.2% QoQ revenue growth in constant currency. This is our best ever quarterly sequential growth since listing. Our ongoing revenue momentum sets us up to deliver our highest year-over-year growth as a publicly listed company. We continue to have incredible conversations with our customers on their digital transformation journeys.?
Meanwhile, the IT companys board approved a scheme of amalgamation for merger of its three wholly owned subsidiary namely, PowerUpCloud Technologies, Lymbyc Solutions and Cuelogic Technologies with itself.
Larsen & Toubro Infotech is a global technology consulting and digital solutions company.
Powered by Capital Market - Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.