Larsen & Toubro Infotech share price jumped 4.36% to close at Rs 2,291.25 on BSE on July 16.

The company has a day earlier reported a 17.1% YoY jump in consolidated net profit for the quarter ended June 30, 2020, at 416.4 crores. On a quarter QoQ basis, profit was down 2.6%.

Consolidated revenue from operations saw an 18.7% YoY jumps to Rs 2,949.20 crore; sequentially, it was down 2.1%.

The company's basic earnings per share stood at Rs 23.92 against Rs 20.51 YoY.

In dollar terms, constant currency revenue decreased 4.7% QoQ but grew 10.6% YoY.

"In a quarter marked by a challenging environment, we have delivered revenue growth of 10.6% YoY in constant currency and closed a large deal as well," Chief Executive Officer and Managing Director Sanjay Jalona said.

On July14, the company released its shareholding pattern for the June quarter, which showed foreign portfolio investors(FPI) has raised stake during the period.

Under the FPI segment, St. James's Place Emerging Markets Equity Unit Trust raised stake in the company to 24,64,078 shares 18,06,985 shares held in the March quarter.