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 and 13.7% year on year.
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.
In dollar terms, revenue was $1.13bn, up 16.7% YoYOur outstanding growth of 5.3% QoQ in Q4 is a result of broad-based performance across all verticals.
We have delivered an industry leading growth of 16.7% for the full financial year with digital revenues up 42% YoY, said Sanjay Jalona, CEO, LTI.
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.