People working on computers in an office (Photographer: Victor J. Blue/Bloomberg)

L&T Infotech Expects Net Margin At Around 15%

Larsen & Toubro Infotech Ltd. expects its net margin to be around 15 percent in 2019-20 and the year ahead, the company’s Chief Executive Officer Sanjay Jalona told BloombergQuint.

The Mumbai-based information technology services provider, which posted a revenue growth across all its segments and geographies in the December-ended quarter, benefited from a strong pipeline and a slew of new deals, he said.

“We did announce a few deals which have caught on and helped this quarter,” Jalona said, adding that the company’s partnership with Nets—a payment provider in the Nordic region—would lead to a robust growth in the coming quarters.

Other Highlights:

  • Says talent crunch exists in the industry
  • Company’s onsite ratio dropped by 50 basis points
  • Digital segment grew about 21 percent on a constant-currency basis, year-on-year

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