With the first-quarter ending on June 30, L&T Infotech reported a net profit of Rs. 496.8 cr, up 19.3% YoY. This was the company’s best-ever sequential Q1 report with 5.1% growth. The company also hired 2,300 employees taking the total number to 38,298. This year LTI plans to hire 4,500 freshers. Attrition rates also increased from 12.3% in the previous quarter to 15.2% in the recent one. LTI signed 23 new clients in this quarter.

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