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.

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. Reuters Pic
Written By: PTI
Updated: Wed, Jan 20, 2021
12:29 pm
PTI
RELATED NEWS
L&T Finance's Restructuring under the OTR scheme stands around 1.50% of the overall balance sheet: Dinanath Dubhashi, MD & CEO L&T Finance's Restructuring under the OTR scheme stands around 1.50% of the overall balance sheet: Dinanath Dubhashi, MD & CEO
Stocks to buy: Larsen and Toubro poised for upward move, analyst says; prices up 1 pct after fresh bullet train order Stocks to buy: Larsen and Toubro poised for upward move, analyst says; prices up 1 pct after fresh bullet train order
Stocks To Buy With Anil Singhvi: This stock will be backbone of stock market - Sanjiv Bhasin explains Stocks To Buy With Anil Singhvi: This stock will be backbone of stock market - Sanjiv Bhasin explains

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.

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

See Zee Business Live TV Streaming Below:

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

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

The story has been taken from a news agency

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.