INSUBCONTINENT EXCLUSIVE:
Pune: Larsen and Toubro Infotech (LTI) has announced a net profit of Rs 289.4cr for the quarter ended 31st May, 2018, up 2.3% sequentially
Revenue for the quarter was Rs 2001.2cr, up 6.2% QoQ and 19.3% YoY
In dollar terms, revenue was at $309mn, up 5.3% and 16.7% respectively
The figures are adjusted for a one-time commercial settlement with a client for Rs61.7cr under direct costs in Q4FY17
For the fiscal ended March 31, 2018, the company reported a net profit of Rs 1112.4cr, up 14.6% and revenues of Rs 7306.5cr, up 12.4% Yoy
The Board of Directors have declared a final dividend of Rs
13.5 per equity share (Face value of Re
1) for the financial year 2017-18
Total dividend for FY18 is Rs
21.5 per equity share, including the interim dividend of Rs
8 per equity share declared in November 2017.
The total utilisation for the quarter was at 79.9% and attrition at 14.8%
The total headcount at the end of the quarter was 24,139.
