Active Stocks
Sat May 18 2024 12:29:54
  1. Tata Motors share price
  2. 953.75 0.85%
  1. Power Grid Corporation Of India share price
  2. 316.10 0.88%
  1. ITC share price
  2. 436.50 -0.02%
  1. Tata Steel share price
  2. 167.90 0.39%
  1. State Bank Of India share price
  2. 820.35 0.31%
Business News/ Companies / News/  Larsen & Toubro Infotech CFO Ashok Kumar Sonthalia resigns
BackBack

Larsen & Toubro Infotech CFO Ashok Kumar Sonthalia resigns

Larsen & Toubro Infotech had reported a 37.85 per cent jump in net profit to ₹519.3 crore

Larsen & Toubro Infotech had posted a 12% increase in revenue to ₹3,152.8 crore for the December quarter, as against ₹2,811 crore a year ago.Premium
Larsen & Toubro Infotech had posted a 12% increase in revenue to 3,152.8 crore for the December quarter, as against 2,811 crore a year ago.

IT firm Larsen & Toubro Infotech (LTI) on Wednesday said its chief financial officer Ashok Kumar Sonthalia has resigned from the company.

"...the Board of Directors in its meeting held on January 19, 2021, inter-alia considered the resignation of Mr Ashok Kumar Sonthalia, CFO of the company, on account of personal reasons and accepted the same to be effective from close of business hours of January 25, 2021," a regulatory filing said.

Also Read | Why server stacks are the new realty play

On Tuesday, Larsen & Toubro Infotech had reported a 37.85 per cent jump in net profit to 519.3 crore for the December quarter, mainly driven by a surge in revenue and margin expansion.

It had posted a 12% increase in revenue to 3,152.8 crore for the December quarter, as against 2,811 crore a year ago.

The company is confident of closing FY21 with revenue growth in high-single digits.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed - it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 20 Jan 2021, 12:56 PM IST
Next Story footLogo
Recommended For You