L&T Infotech share price jumps 6% on Q4 profit; Morgan Stanley remains overweight
For the year ending March 31, the company's revenue was Rs 10,878.6 crore, up 15.2 percent YoY. Net profit rose 0.3 percent to Rs 1,520.5 crore.
L&T Infotech share price jumped over 6 percent intraday on May 20 after it registered a net profit of Rs 427.5 crore in the March quarter, up 12.9 percent from the year-ago period. Revenue in Q4 stood at Rs 3,011.9 crore, up 21.2 percent YoY.
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