Friday, 24 March, 2023

Net profit in Q1 for L&T Infotech is up by 19.3%

<p>With the first quarter ending on June 30, L&amp;T Infotech reported a net profit of Rs. 496.8 cr, up 19.3% YoY. This was the company&rsquo;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.<br /> <br /> <br /> &nbsp;</p>