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L&T Infotech Q4 net profit up by 13% to Rs. 428 crore

IT firm Larsen & Toubro Infotech on Tuesday reported a 13 per cent year-on-year (Y-o-Y) growth in consolidated net profit to Rs. 428 crore for the January-March quarter. The bank posted a net profit of Rs. 379 crore for the same quarter last year. 

Consolidated revenue of the company grew by 21 per cent Y-o-Y to Rs. 3,082 crore during Q4FY20 against Rs. 2,553 crore for the same quarter last year. 

For the full year ended March 2020, the company’s net profit remained stagnant at Rs. 1,520 crore (Rs. 1,515 crore) while total income grew by 15 per cent to Rs. 11,208 crore (Rs. 9,748 crore). 

The Board of Directors have recommended a final dividend of Rs.15.50/- per equity share of face value of Re.1 each, subject to approval of the shareholders of the company.

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