{"id":68408,"date":"2022-10-16T10:49:00","date_gmt":"2022-10-16T05:19:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=68408"},"modified":"2022-10-16T10:27:58","modified_gmt":"2022-10-16T04:57:58","slug":"biz-ld-results-larsen-infotech","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-ld-results-larsen-infotech\/","title":{"rendered":"L&#038;T Infotech Q2 Results: Consolidated net profit up 23% to Rs 680 cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3614386299\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>IT company Larsen and Toubro Infotech on Saturday posted an about 23 per cent increase in its consolidated net profit at Rs 679.8 crore for the quarter ended September 2022.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3850258428\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>The company had registered a net profit of Rs 551.7 crore in the same period a year ago.<\/p>\n<p>The consolidated revenue from operations of Larsen and Toubro Infotech (LTI) grew by 28.39 per cent to Rs 4,836.7 crore during the reported quarter from Rs 3,767 crore in the year-ago period.<\/p>\n<p>&#8220;We remain excited about the proactive conversations we are having with our customers and see increased traction in the cloud and analytics space.<\/p><div class=\"trade-content_5\" id=\"trade-2326069451\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>&#8220;The strength of our pipeline and our sustained net headcount addition will continue to fuel our growth,&#8221; LTI President &#8211; Sales and Executive Board Member, Sudhir Chaturvedi said in a statement.<\/p>\n<p>The company is in the process of amalgamating Mindtree with itself, which was approved by its shareholders and unsecured creditors on August 10.<\/p>\n<p>LTI in its filing shared that the National Company Law Tribunal, Mumbai bench approved the merger on September 19, while NCLT Bengaluru has reserved its order on the same.<\/p>\n<p>The merger will get completed after LTI submits certified copies of both the NCLT benches&#8217; orders before the Registrar of Companies.<\/p>\n<p>&#8220;We are happy to be on the last leg of the approval process for the LTI Mindtree merger and are most likely to combine forces by the end of this calendar year.<\/p>\n<p>&#8220;The merged company will bring together complimentary portfolios and a large customer base creating extraordinary value for all stakeholders,&#8221; LTI Chief Operating Officer and Executive Board Member, Nachiket Deshpande said.<\/p><div class=\"trade-content-10\" id=\"trade-2104504716\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>In an all-share deal, L&amp;T Infotech has offered 73 shares for every 100 shares of Mindtree.<\/p>\n<p>The merger is expected to create an IT services provider, &#8216;LTIMindtree&#8217;, with combined revenue of over USD 3.5 billion. PTI PRS ABM ABM<\/p>\n<div class=\"trade-after-content\" id=\"trade-4150661094\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>IT company Larsen and Toubro Infotech on Saturday posted an about 23 per cent increase in its consolidated net profit at Rs 679.8 crore for the quarter ended September 2022. The company had registered a net profit of Rs 551.7 crore in the same period a year ago. The consolidated revenue from operations of Larsen [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":41138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1515,31],"tags":[],"class_list":["post-68408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-results","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>L&amp;T Infotech Q2 Results: Consolidated net profit up 23% to Rs 680 cr - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-ld-results-larsen-infotech\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"L&amp;T Infotech Q2 Results: Consolidated net profit up 23% to Rs 680 cr\" \/>\n<meta property=\"og:description\" content=\"IT company Larsen and Toubro Infotech on Saturday posted an about 23 per cent increase in its consolidated net profit at Rs 679.8 crore for the quarter ended September 2022. 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