Leading IT service provider, L&T Infotech announced its second-quarter results with a 20.8% YoY increase in its consolidated net profit. The bottom line was reported to be Rs 551.7 crores at the end of the September 2021 quarter. On a QoQ basis, PAT grew by 11.1% from Rs 496.8 crore in the previous quarter. 

Consolidated revenue, on the other hand, grew by 8.8% on a sequential basis and 25.6% YoY to amount to Rs. 3767 crores. In constant currency terms, the revenue grew by 8.9% QoQ and 25.5% YoY. The sharp incline in the revenue was attributed to recent deal wins and positive growth across all major verticals. L&T Infotech also crossed the $2 billion annual revenue run rate in the quarter under review. 

EBITDA grew by 13.2% QoQ for the company to Rs 733.2 crore. The operating margins were reported at Rs 647.8 crore in the previous quarter.

While L&T Infotech’s stock fell by 3.71% to close at Rs. 5905.85 at Dalal Street ahead of its second-quarter financial report (18 October 2021), its prospects remain bright, considering several new orders. The company’s stock has gained a phenomenal 101% over the past 12 months. 


  • EBITDA grew by 7% YoY to amount to Rs. 733.2 crores.
  • Diluted EPS grew by 21.04% YoY to amount to Rs.31.41
  • The company added 4084 employees this quarter taking the total headcount to 42,382- making it a 31% YoY growth.
  • The company declared an interim dividend of Rs.15 per share for the financial year 2021-22.


  • The attrition rate increased to 19.6% in the second quarter compared to 15.2% in the last quarter and 13.5% last year.
  • Marginal increase in total current liabilities from Rs 2632.3 crore to Rs 2662.3 crore in Q2 FY22. 
  • Net income margin on a sequential basis remained flat and decreased YoY from 15.2% to 14.6%.
  • Revenue across different verticals remained nearly the same over the last quarter. 

Segment-wise revenue

  • BFS: 9.6% QoQ growth
  • Insurance: 5.6% QoQ growth
  • Manufacturing: 12.4% QoQ growth
  • Energy & Utilities: 6.3% QoQ growth
  • CPG, Retail & Pharma: 1.9% QoQ growth
  • High-tech, Media & Entertainment: 6.9% QoQ growth
  • Others: 14.2% QoQ growth

L&T Infotech in the news

In the last quarter, L & T InfoTech added a total of 25 new clients which put the company in the constant spotlight. The clients added were as follows –

  • 1 million+ USD category – 11 new clients
  • 5 million+ USD category – 5 new clients
  • 10 million+ USD category – 5 new clients
  • 20 million+ USD category – 3 new clients
  • 50 million+ USD category – 1 new clients

Management comments

The CEO and MD of L&T Infotech, Sanjay Jalona said that the company experienced the strongest sequential growth in its revenue in the September quarter. The Q2 revenue growth of 8.9% in constant currency terms has been the company’s best performance so far. Jalona also stated that the company is committed to long-term growth and is scaling up its workforce to meet the increasing demand.