IT major L&T Infotech has declared good financial results for the year ended 31 March 2016 (FY 2016). Net profit is up 21.35%. Revenue is up 18%. FY 2016 EPS is Rs 56.13
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The company has recently filed initial share sale (IPO) documents with the capital markets regulator on 12 April 2016. L&T Infotech is planning to raise about Rs 1,300-1,400 crore through the IPO. IT major L&T Infotech is subsidiary of engineering & construction major Larsen and Toubro (L&T).
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