LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » Companies News

We want to keep the revenue base from India at the levels at which it stands today: Sanjay Jalona, L&T Infotech

Sanjay Jalona, CEO & Managing Director, L&T Infotech says that total Contract Value (TCV) of the two deals, manufacturing deal and insurance deal, is upward $100 million.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
We want to keep the revenue base from India at the levels at which it stands today: Sanjay Jalona, L&T Infotech
Sanjay Jalona, CEO & Managing Director, L&T Infotech says that his company has a policy where we don’t provide revenue guidance, but we have always said that net income will stand around the narrow band of 15% and it will happen.
Written By: ZeeBiz WebTeam
Updated: Mon, May 06, 2019
12:34 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Stocks in Focus on October 18: ZEEL. Aviation Stocks to L&T Infotech; here are the 5 Newsmakers of the Day Stocks in Focus on October 18: ZEEL. Aviation Stocks to L&T Infotech; here are the 5 Newsmakers of the Day
L&T Infotech Q4 net profit up 14% at Rs 289 cr L&T Infotech Q4 net profit up 14% at Rs 289 cr
Budget 2017: IT companies expect govt to support R&D practices, Digital India, tax rebates Budget 2017: IT companies expect govt to support R&D practices, Digital India, tax rebates
India Inc nets Rs 6.3 lakh crore from markets, bets big on bonds India Inc nets Rs 6.3 lakh crore from markets, bets big on bonds
L&T Tech debuts market with 4.6% premium L&T Tech debuts market with 4.6% premium

Total Contract Value (TCV) of the two deals, manufacturing deal and insurance deal, is upward $100 million, says Sanjay Jalona, CEO & Managing Director, L&T Infotech. Jalona said the Indian government has launched important programs as part of the digital India measures and they want to associate with certain programs during an interview with Swati Khandelwal, Zee Business. Excerpts:

By when the two major deals signed in Q4 will have an impact on your business and how many new deals can be signed in the new fiscal?

Two large deals have been announced and as our tradition goes, we just talk about the net new Total Contract Value (TCV) but not about the mess and the renewals. The net new TCV of the two deals is upward $100 million across the year and there is a lot of transformation that these deals are there. One deal is related to manufacturing in the industrial sector while the second is associated with the insurance sector. Manufacturing deal is global in nature, but both have a special focus on US geography. As far as the future goes, we are excited about the whole pipeline and opportunities are across the sector. In fact, a company can only grow when all the sectors are growing. Once for a while, a sector might see a problem, but the resilience of the company comes from every sector. Luckily for us, the large deal pipeline is also across, but the overall pipeline is robust. 

The results suggest that there is a softening in the top 5 client contribution. Is there any problem with renewing from the clients end?

No, there is no problem linked to renewal. But, it was the last quarter when we informed that restructuring work is on at our largest banking customer and there is also a budget cut at their end. So, we informed that we are aware of the budget cuts, which may lead to muted growth. But, despite those cuts, you were able to show a 2 per cent growth that is an important thing that shows the resilience of the company. Secondly, on part of the client, I would like to clarify that the improvement will be seen after the second quarter. 

We have seen good traction in terms of revenue contribution from India. What are the reasons for the same and what do you expect from it going forward?  

The Indian government has launched some seriously important programs as part of digital India and we want to associate with programs that are more ERP centric and are into data analytics area. We are very selective about the programs where we bid but our focus revolves around ERP and data and we will continue to focus on the same area. Secondly, we want to keep the percentage of our revenue from India at the same levels as we don’t want to change the portion. 

What is your margin guidance in terms of $revenue and margin guidance for fy20?

Our company has a policy where we don’t provide revenue guidance, but we have always said that net income will stand around the narrow band of 15% and it will happen.

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.

TAGS:
L&T Infotech
RELATED NEWS
Stocks in Focus on October 18: ZEEL. Aviation Stocks to L&T Infotech; here are the 5 Newsmakers of the Day Stocks in Focus on October 18: ZEEL. Aviation Stocks to L&T Infotech; here are the 5 Newsmakers of the Day
L&T Infotech Q4 net profit up 14% at Rs 289 cr L&T Infotech Q4 net profit up 14% at Rs 289 cr
Budget 2017: IT companies expect govt to support R&D practices, Digital India, tax rebates Budget 2017: IT companies expect govt to support R&D practices, Digital India, tax rebates
India Inc nets Rs 6.3 lakh crore from markets, bets big on bonds India Inc nets Rs 6.3 lakh crore from markets, bets big on bonds
L&T Tech debuts market with 4.6% premium L&T Tech debuts market with 4.6% premium

LATEST NEWS

PPSC JE Recruitment 2021: Vacancies for 612 posts with pay up to Rs 35400: Check here for age limit, where to apply online, application fee and all other details!

IRCTC, Ashok Leyland share price: Technical Analysis explained by Bonanza Portfolio

Maharashtra budget: Tax increased on liquor

JEE Main 2021 result: Final answer key available on jeemain.nta.nic.in, result likely today

No external pressure: Parineeti Chopra on replacing Shraddha Kapoor in 'Saina'

CBSE, CISCE board exams 2021: Education Minister talks about exam fever, how to score good marks, PM Modi's Pariksha pe Charcha 2021 and more

MTAR IPO: Know allotment finalisation status, listing date and how to check subscription of shares

Exclusive: In chat with Anil Singhvi, SCI CMD Harjeet Kaur Joshi talks about divestment, business outlook and much more

NEET 2021 exam: Students don't miss to check the latest update on exam dates, eligibility criteria, registration process and all you need to know before appearing in the exam!

Easy Trip Planners IPO date: Ventura Securities highlights details

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved