Earnings Call Transcript - Q2FY21 for L&T Infotech
Conference Call with L&T; Infotech (LTI) Management and Analysts on Q2FY21 Performance and Outlook. Listen to the full earnings transcript.21-10-2020
21-10-2020
IT company L&T; Infotech's Q2 net profit rises 27% to Rs 457 crore
IT company L&T Infotech (LTI) on Tuesday reported a 26.7 per cent increase in consolidated net profit to Rs 456.8 crore for the quarter ended September 2020. This is against a net profit of Rs 360.4 crore in the same period a year ago, LTI said in a statement. Its revenue grew 16.6 per cent to Rs 2,998.4 crore in the reported quarter from Rs 2,570.7 crore in the year-ago period. Sequentially, the net profit was up 9.7 per cent, while the topline rose 1.7 per cent. In constant currency terms, revenue increased 2.3 per cent quarter-on-quarter and 10.5 per cent year-on-year. "We are pleased to report 11.2 per cent y-o-y growth in revenues and 26.7 per cent y-o-y growth in net profit in Q2. We are also happy to announce a large deal with net new TCV (total contract value) in excess of USD 40 million in analytics," LTI Chief Executive Officer and Managing Director Sanjay Jalona said. The company's large deal pipeline remains strong and it sees increased traction in digital, cloud and .20-10-2020
Larsen & Toubro Infotech Ltd - 540005 - Grant Of Stock Options
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform that the Nomination & Remuneration Committee of Board of the Company in its meeting held on October 20, 2020, approved grant of 10,025 options to the eligible Employee under Employee Stock Option Scheme 2015 of the Company.20-10-2020
Larsen & Toubro Infotech Ltd - 540005 - Announcement under Regulation 30 (LODR)-Allotment
We wish to inform you that the Company has approved the allotment of 54,475 equity shares of face value of Re. 1/- each under the Employee Stock Option Scheme 2015 of the Company, on October 20, 2020.20-10-2020
Larsen & Toubro Infotech Ltd - 540005 - Announcement under Regulation 30 (LODR)-Scheme of Arrangement
The Board of Directors of Larsen & Toubro Infotech Limited ("LTI/ the Company") at its Meeting held today, has considered and approved a Scheme of Arrangement for merger of Syncordis Software Services India Private Limited ('Syncordis') and Ruletronics Systems Private Limited ('Ruletronics') with the Company. ("the Scheme"). Syncordis India and Ruletronics India are Wholly-owned Subsidiaries of the Company.20-10-2020
Larsen & Toubro Infotech Ltd - 540005 - Corporate Action-Board approves Dividend
The Board of Directors at their meeting held today, have declared first interim dividend for the financial year 2020-21, of Rs. 15.00/- per equity share of face value of Re.1 each fully paid-up and the same shall be paid to equity shareholders of the Company whose names appear in the Register of Members of Company or in records of Depositories as beneficial owners of equity shares as on Wednesday, October 28, 2020, which is record date fixed for the said purpose. (Ref. our letter no. LTI/SE/STAT/2020-21/53 dated October 13, 2020).20-10-2020
Larsen & Toubro Infotech Ltd - 540005 - Record Date For Interim Dividend - 28Th Oct 2020
In continuation of our letter no. LTI/SE/STAT/2020-21/48, we wish to inform that, pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, if the Board of Directors declare an interim dividend in the ensuing Board meeting scheduled on October 20, 2020, the record date for ascertaining the names of the shareholders who will be entitled to receive the first interim dividend for FY2020-21, shall be October 28, 2020.13-10-2020
Larsen & Toubro Infotech Ltd - 540005 - Shareholding for the Period Ended September 30, 2020
Larsen & Toubro Infotech Ltd has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2020. For more details, kindly Click here08-10-2020