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L&T Technology Services Ltd Q3 consolidated PAT soars to Rs. 186.1 crore

Posted On: 2019-01-17 18:08:40

L&T Technology Services Ltd has reported financial results for the period ended December 31, 2018.

Financial Results (Q3FY18-19) - QoQ Comparison

The company has reported net sales of Rs.1352.8 crores during the period ended December 31, 2018 as compared to Rs.1321.1 crores during the period ended September 30, 2018.

The company has posted net profit of Rs.186.1 crores for the period ended December 31, 2018 as against Rs.191.8 crores for the period ended September 30, 2018.

The company has reported EPS of Rs.17.58 for the period ended December 31, 2018 as compared to Rs.18.17 for the period ended September 30, 2018.

FinancialsQ3 FY18-19Q2 FY18-19% Change
Total Income₹ 1352.8 crs₹ 1321.1 crsUp Tick 2.4%
Net Profit₹ 186.1 crs₹ 191.8 crsDown Tick -2.97%
EPS₹ 17.58₹ 18.17Down Tick -3.25%

Financial Results (Q3FY18-19) - YoY Comparison

The company has reported net sales of Rs.1352.8 crores during the period ended December 31, 2018 as compared to Rs.1012.6 crores during the period ended December 31, 2017.

The company has posted net profit of Rs.186.1 crores for the period ended December 31, 2018 as against Rs.126.5 crores for the period ended December 31, 2017.

The company has reported EPS of Rs.17.58 for the period ended December 31, 2018 as compared to Rs.12 for the period ended December 31, 2017.

FinancialsQ3 FY18-19Q3 FY17-18% Change
Total Income₹ 1352.8 crs₹ 1012.6 crsUp Tick 33.6%
Net Profit₹ 186.1 crs₹ 126.5 crsUp Tick 47.11%
EPS₹ 17.58₹ 12Up Tick 46.5%

Financial Results (9 months FY18-19) - YoY Comparison

The company has reported net sales of Rs.3924.3 crores during the 9 months period ended December 31, 2018 as compared to Rs.2810.2 crores during the 9 months period ended December 31, 2017.

The company has posted net profit of Rs.576 crores for the 9 months period ended December 31, 2018 as against Rs.347.5 crores for the 9 months period ended December 31, 2017.

The company has reported EPS of Rs.54.77 for the 9 months period ended December 31, 2018 as compared to Rs.33.06 for the 9 months period ended December 31, 2017.

Financials9 months FY18-199 months FY17-18% Change
Total Income₹ 3924.3 crs₹ 2810.2 crsUp Tick 39.64%
Net Profit₹ 576 crs₹ 347.5 crsUp Tick 65.76%
EPS₹ 54.77₹33.06Up Tick 65.67%

During the quarter, LTTS won 8 multi-million dollar deals across all industry segments. On a YoY basis, LTTS has increased its USD50mn+ clients by 2, USD10mn+ clients by 4 and its USD5mn+ clients by 10.

"We have sustained the double-digit growth trajectory across all industry segments by building on our excellent positioning in digital & leading-edge technologies which has now risen to 34% of revenues. The strong growth achieved in the current year-to-date gives us confidence of exiting FY19 with industry leading growth once again. On the operational front, our execution engine has been firmly focused on improving profitability along with growth. Our EBITDA margin has inched up consecutively for four quarters to 18.4% in Q3, which is an improvement of over 300bps on YoY basis.

We continue to invest in building new capabilities and creating new labs to aid innovation. In Q3 we started a design lab for 5G where our engineers are working on new challenges and concepts. The platforms and proprietary solutions that we are developing in areas like Smart Campus, Autonomous Vehicles, NB-IoT, Digital Factory and Robotic Automation is helping LTTS to be at the forefront of the ER&D Services industry that is participating in transformational technology," said Dr Keshab Panda, CEO & Managing Director, L&T Technology Services Limited.

Shares of L&T Technology Services Ltd was last trading in BSE at Rs.1689.45 as compared to the previous close of Rs. 1650.55. The total number of shares traded during the day was 24421 in over 1712 trades.

The stock hit an intraday high of Rs. 1700.6 and intraday low of 1646.65. The net turnover during the day was Rs. 40774857.


Source: Equity Bulls

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