Larsen & Toubro Infotech CFO Ashok Kumar Sonthalia resigns

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.