Larsen & Toubro Infotech falls despite reporting 19% rise in Q1 consolidated net profit
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Larsen & Toubro Infotech is currently trading at Rs. 4272.85, down by 144.45 points or 3.27% from its previous closing of Rs. 4417.30 on the BSE.
The scrip opened at Rs. 4396.10 and has touched a high and low of Rs. 4396.10 and Rs. 4253.35 respectively. So far 27992 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4600.00 on 15-Jul-2021 and a 52 week low of Rs. 2198.80 on 20-Jul-2020.
Last one week high and low of the scrip stood at Rs. 4600.00 and Rs. 3996.00 respectively. The current market cap of the company is Rs. 74772.85 crore.
The promoters holding in the company stood at 74.25%, while Institutions and Non-Institutions held 17.84% and 7.91% respectively.
Larsen & Toubro Infotech has reported results for first quarter ended June 30, 2021.
The company has reported 45.04% rise in its net profit of Rs 575.80 crore for the quarter under review as compared to net profit of Rs 397.00 crore for the same quarter in the previous year. Total income of the company increased by 20.66% at Rs 3414.20 crore for Q1FY22 as compared Rs 2829.50 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 19.13% rise in its net profit attributable to shareholders of Rs 496.30 crore for the quarter under review as against net profit of Rs 416.60 crore for the same quarter in the previous year. Total income of the company increased by 18.88% at Rs 3584.10 crore for Q1FY22 as compared Rs 3015.00 crore for the corresponding quarter previous year.
