Larsen & Toubro Infotech Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 103455.05 Crore) operating in IT Software sector.
Larsen & Toubro Infotech Ltd. key Products/Revenue Segments include Software Development Charges & Other Services for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 3584.10 Crore, up 6.28 % from last quarter Total Income of Rs 3372.40 Crore and up 18.88 % from last year same quarter Total Income of Rs 3015.00 Crore. Company reported net profit after tax of Rs 496.80 Crore in latest quarter.
Investment Rationale
Confident commentary and stable margin outlook despite the impending cost pressures are encouraging. The brokerage upgrades FY22E-FY24E EPS by up to 11% on back of the strong beat and solid outlook. LTI remains top midcap BUY and the brokerage values it at ~40x Sep’23E EPS.
Promoter/FII Holdings
Promoters held 74.09 per cent stake in the company as of 30-Sep-2021, while FIIs owned 13.25 per cent, DIIs 4.73 per cent.
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