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L&T Technology Services Ltd reports Rs. 204.8 crore in Q4 FY20



Posted On : 2020-05-15 20:37:51( TIMEZONE : IST )

L&T Technology Services Ltd reports Rs. 204.8 crore in Q4 FY20

L&T Technology Services Ltd has reported financial results for the period ended March 31, 2020.

Financial Results (Q4 FY19-20) - QoQ Comparison

The company has reported total income of Rs.1508 crores during the period ended March 31, 2020 as compared to Rs.1467.2 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.204.8 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.204.1 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.19.40 for the period ended March 31, 2020 as compared to Rs.19.34 for the period ended December 31, 2019.

FinancialsQ4 FY19-20Q3 FY19-20% Change
Total Income₹ 1508 crs₹ 1467.2 crsUp Tick 2.78%
Net Profit₹ 204.8 crs₹ 204.1 crsUp Tick 0.34%
EPS₹ 19.40₹ 19.34Up Tick 0.31%

Financial Results (Q4 FY19-20) - YoY Comparison

The company has reported total income of Rs.1508 crores during the period ended March 31, 2020 as compared to Rs.1376.8 crores during the period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.204.8 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.191.5 crores for the period ended March 31, 2019.

The company has reported EPS of Rs.19.40 for the period ended March 31, 2020 as compared to Rs.18.13 for the period ended March 31, 2019.

FinancialsQ4 FY19-20Q4 FY18-19% Change
Total Income₹ 1508 crs₹ 1376.8 crsUp Tick 9.53%
Net Profit₹ 204.8 crs₹ 191.5 crsUp Tick 6.95%
EPS₹ 19.40₹ 18.13Up Tick 7%

Financial Results (12 months ended FY 19-20) - YoY Comparison

The company has reported total income of Rs.5828.2 crores during the 12 months period ended March 31, 2020 as compared to Rs.5301.1 crores during the 12 months period ended March 31, 2019.

The company has posted net profit / (loss) of Rs.818.6 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.765.6 crores for the 12 months period ended March 31, 2019.

The company has reported EPS of Rs.77.70 for the 12 months period ended March 31, 2020 as compared to Rs.7.91 for the 12 months period ended March 31, 2019.

FinancialsYear Ended FY19-20Year Ended FY18-19% Change
Total Income₹ 5828.2 crs₹ 5301.1 crsUp Tick 9.94%
Net Profit₹ 818.6 crs₹ 765.6 crsUp Tick 6.92%
EPS₹ 77.70₹7.91Up Tick 882.3%

"We closed FY20 with 11% revenue growth accompanied by an improvement in operating margin despite multiple headwinds through the year - starting with Telecom & Hitech segment in Q1FY20 and ending with Covid-19 in Q4FY20. While Covid-19 is an ongoing challenge, we have continued to be the reliable and preferred partner to our customers while at the same time taking care of the health and safety of our employees. In response to the pandemic, LTTS has rolled out a suite of digital offerings, including i-BEMS Shield for safe workplaces and Frugal Manufacturing to help enterprises transfer or prioritize their manufacturing & production lines.

The near-term outlook for the world economy appears uncertain as a result of the fallout from the global pandemic, however we see this crisis accelerating the trend of customers seeking credible partners who bring capability and speed-to-market. We believe this will lead to greater consolidation and enable us to expand engagement scopes once customers adjust and redraw their business plans under a new normal.

The scale, track record and recognition that we have built over the past decade has been on the back of our investments in people, competency building and technology design labs which we are determined to continue so that we reach the milestones we have set for ourselves", 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.1069.9 as compared to the previous close of Rs. 1114.65. The total number of shares traded during the day was 10959 in over 2654 trades.

The stock hit an intraday high of Rs. 1123 and intraday low of 1066.45. The net turnover during the day was Rs. 11876859.

Source : Equity Bulls

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