Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

L&T Technology Services Ltd posts Q2FY21 consolidated PAT of Rs. 165.5 crore

Posted On: 2020-10-19 08:41:16


L&T Technology Services Ltd has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1370.4 crores during the period ended September 30, 2020 as compared to Rs.1308.4 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.165.5 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.117.2 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.15.69 for the period ended September 30, 2020 as compared to Rs.11.10 for the period ended June 30, 2020.

FinancialsQ2 FY20-21Q1 FY20-21% Change
Total Income₹ 1370.4 crs₹ 1308.4 crsUp Tick 4.74%
Net Profit₹ 165.5 crs₹ 117.2 crsUp Tick 41.21%
EPS₹ 15.69₹ 11.10Up Tick 41.35%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.1370.4 crores during the period ended September 30, 2020 as compared to Rs.1449 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.165.5 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.205.8 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.15.69 for the period ended September 30, 2020 as compared to Rs.19.49 for the period ended September 30, 2019.

FinancialsQ2 FY20-21Q2 FY19-20% Change
Total Income₹ 1370.4 crs₹ 1449 crsDown Tick -5.42%
Net Profit₹ 165.5 crs₹ 205.8 crsDown Tick -19.58%
EPS₹ 15.69₹ 19.49Down Tick -19.5%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2678.8 crores during the 6 months period ended September 30, 2020 as compared to Rs.2853 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.282.7 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.409.7 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.26.83 for the 6 months period ended September 30, 2020 as compared to Rs.38.79 for the 6 months period ended September 30, 2019.

FinancialsHalf-Year Ended FY20-21Half-Year Ended FY19-20% Change
Total Income₹ 2678.8 crs₹ 2853 crsDown Tick -6.11%
Net Profit₹ 282.7 crs₹ 409.7 crsDown Tick -31%
EPS₹ 26.83₹38.79Down Tick -30.83%

During the quarter, LTTS won 8 multi-million dollar deals across all industry segments including 3 deals with TCV of USD15mn plus and another 3 deals with TCV of USD10mn plus. Revenues from digital and leading-edge technologies stood at 49% during the quarter.

"We had a strong quarter with broad based revenue growth and an improvement in operating margin performance, in line with what we had guided. Steady order bookings and a healthy pipeline across all segments gives us confidence that the growth momentum will continue.

Customers are accelerating the deployment of digital engineering projects to enable business continuity and drive scale. LTTS with its highly differentiated skillsets in Plant Engineering is thus rightly positioned to provide solutions around virtualization, 3D Modelling and digital twin, that allows it to partner with customers on transformational programs.

Our efforts to build a Platforms and Solutions practice has started to see better traction in the marketplace with customers demanding solutions that provide enhanced safety and remote productivity in the context of the pandemic. LTTS' solutions such as i-BEMS™ Shield - a smart campus framework, and AVERTLE™ - a predictive maintenance solution for touchless plant operations, have seen multiple wins in Q2 and the pipeline looks exciting.

We continue to invest in design labs; in Q2, we opened a state-of-the-art EV lab to work on technologies that will improve the performance and endurance of electric vehicles. Our EV practice is seeing good traction across top Auto OEMs and suppliers", 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.1750.55 as compared to the previous close of Rs. 1728.8. The total number of shares traded during the day was 13622 in over 1871 trades.

The stock hit an intraday high of Rs. 1779.8 and intraday low of 1693.95. The net turnover during the day was Rs. 23602849.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com






Other Headlines:

EPL Ltd to raise Rs. 50 crore through commercial papers

Infibeam Avenues Collaborates with Bank Muscat, Oman's biggest bank, to offer high-end PG services to merchants in Oman

Wintac Ltd promoters accept discovered price of Rs. 350 for delisting offer

Äbhayam (Abhaya) Project Inaugurated

GMR Kamalanga Energy Ltd ordered to pay Rs. 1005 crore to SEPCO Electric Power Construction Corporation

Jio Platforms Limited receives subscription amount of Rs. 33,737 crore from Google

Central Bank of India Supported to install Police Station at Marine Drive

UN extends contract of Trigyn Technologies Inc for providing IT staffing support service to OICT

Jubilant Industries Limited to sell its portable liquor license to manufacture IMFL

Open Offer to acquire shares of Timex Group India Ltd at Rs. 24.26 per share

Exide Industries Limited raises stake in Exide Leclanche Energy Pvt Ltd to 80.15%

NMDC bags CSR Excellence Awards

Central Bank of India organized Road Show and distributed MASKS

NIIT Earns Two Coveted Learning Technologies 2020 awards jointly with MetLife

Suyog Telematics Limited awarded as Asia's 200 Best under A Billion 2020 by Forbes

Burgan Bank deploys iGTB's Digital Transaction Banking platform with powerful channel capabilities to power its corporate banking expansion strategy

Airtel and Vedantu empower millions of school children with affordable access to quality education on their home TV screens

Biocon Limited to acquire 26% stake in Hinduja Renewables Two Private Limited

Ircon International Ltd bags orders of Rs. 723 crore

Radio City launches the 12th Season of 'Radio City Super Singer'

Recently published data on Favipiravir as treatment for mild to moderate COVID-19 demonstrates significant improvement in time to clinical cure

ICRA reaffirms longterm rating of BEML Limited

Hester Biosciences Nepal launches a Live Thermo-tolerant PPR Vaccine

Sukhjit Starch & Chemicals Ltd's subsidiary to inaugurate Mega Food Park project on Nov 24, 2020

TCS OmniStore™ Named the POS Technology of the Year at the Retail Systems Awards 2020

Strides Pharma Global Pte. Ltd. receives USFDA approval for Prednisone Tablets

Mindtree Partners with the Nordex Group to Drive Forward the Company's Digital Transformation Journey

Vivimed Labs Limited receives product approvals for 3 ophthalmic products, 3 oral liquid suspension products

Max Estate starts construction of commercial realty project Max Square in Noida at Rs 400 crore cost, with New York Life Insurance Company as financial partner

Praj Industries Ltd signs MoU with Petroleum Ministry to facilitate setting up of CGB plants

SREI Infrastructure Finance Ltd plunges on RBI audit

APSEZ Ranks 14th in the Transportation and Transportation Infrastructure Sector of Dow Jones Sustainability Emerging Markets Index, 2020

BEML receives additional contract from DMRC

Dwarikesh Sugar Industries Ltd to commence distillery plant at enhanced Capacity at Dwarikesh Nagar

Fire incident at Dai-Ichi Karkaria Ltd's plant at Dahej

Union Bank of India board to consider fund raising on Nov 25, 2020

CG Power, Tube Investments of India Ltd and lenders enter into binding agreements for restructuring of debt

ICRA Limited revises ratings of Can Fin Homes Ltd

CARE revises bank facilities rating of Vaibhav Global Limited

Norican Group appoints Mr. Declan Guerin as CFO

ICRA reaffirms, upgrades ratings of Canara Bank's bonds

Indiabulls Housing Finance Limited appoints Mr. Dinabandhu Mohapatra as independent director

RMC Switchgears Ltd bags sales order of Rs. 3.28 crores from MSEDCL

Telanagana Government to provide subsidies up to Rs. 25 crores to Hatsun Agro Product Ltd

Rishiroop Limited enters into MOU for sale of land

Delivery of first Varunastra Flagged off at Bharat Dynamics' Visakhapatnam Unit

Petronet LNG Ltd signs MoU to set up Compressed Bio Gas Plants

Shri Dharmendra Pradhan inaugurates OIL's Seismic Survey Campaign in Mahanadi Basin (Onland)

JSPL Standalone Steel Production rose 13% (Y-o-Y) in October 2020

Nucleus Software's FinnAxia wins the 'Best Technological Innovation in Payments - B2B' Award



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019