InvestorQ : Is L&T Infotech worth buying at the current price after the latest quarter results for Mar-20?
Moii Chavate made post

Is L&T Infotech worth buying at the current price after the latest quarter results for Mar-20?

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Sam Eswaran answered.
8 months ago
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L&T Infotech reported strong performance for the March quarter. Its revenues grew 4.7% sequentially in constant currency. Except insurance, all business verticals clocked sequential revenue growth in constant currency terms. The stock has gained sharply in the recent past. Interestingly, the company performance has improved even as other IT companies have struggled to sustain performance. Most of the operational metrics (utilization, onsite-offshore effort mix, attrition and head count) remained stable despite Covid-19. OPM expanded by 50 bps to 16.7%. That surely makes the stock attractive at current levels.

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