L&T Infotech Q1 Review - Robust Growth In Revenues Continues: ICICI Direct

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L&T Infotech Q1 Review - Robust Growth In Revenues Continues: ICICI Direct

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

Larsen and Toubro Ltd. reported robust Q1 FY22 results.

The current quarter was driven by banking financial services and insurance, hi tech and energy and utility.

This was mainly led by large deals won by the company in previous quarters, traction in digital technologies and new logos added.

Larsen and Toubro has added 33 new logos, three clients each in $5 million and $10 million bucket and one in $50 million bucket representing healthy client mining.

India revenues were impacted by Covid-19 and absence of pass through revenues. India revenues are expected to witness an improvement in coming quarters.

Click on the attachment to read the full report:

ICICI Direct L&T Infotech Q1FY22 Result Update.pdf

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