Larsen & Toubro Infotech soars on reporting 28% rise in Q1 consolidated net profit
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Larsen & Toubro Infotech is currently trading at Rs. 3954.80, up by 81.15 points or 2.09% from its previous closing of Rs. 3873.65 on the BSE.
The scrip opened at Rs. 3920.00 and has touched a high and low of Rs. 4013.45 and Rs. 3851.00 respectively. So far 31092 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 7595.25 on 04-Jan-2022 and a 52 week low of Rs. 3733.25 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 4077.50 and Rs. 3834.00 respectively. The current market cap of the company is Rs. 69712.09 crore.
The promoters holding in the company stood at 74.03%, while Institutions and Non-Institutions held 16.56% and 9.41% respectively.
Larsen & Toubro Infotech has reported a rise of 4.10% in its net profit at Rs 599.30 crore for the quarter ended June 30, 2022 as compared to Rs 575.70 crore for the same quarter in the previous year. Total income of the company increased by 27.07% at Rs 4,338.30 crore for Q1FY23 as compared Rs 3,414.20 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 27.70% in its net profit at Rs 634.40 crore for the quarter ended June 30, 2022 as compared to Rs 496.80 crore for the same quarter in the previous year. Total income of the company increased by 30.21% at Rs 4,666.90 crore for Q1FY23 as compared Rs 3,584.10 crore for the corresponding quarter previous year.
