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Stock Report
L&T Technology Services Ltd Q1FY22 consolidated PAT climbs to Rs. 216.2 crore
Posted On : 2021-07-14 23:12:51( TIMEZONE : IST )
L&T Technology Services Ltd has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.1562.6 crores during the period ended June 30, 2021 as compared to Rs.1475.1 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.216.2 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.194.5 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.20.44 for the period ended June 30, 2021 as compared to Rs.18.42 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 1562.6 crs | ₹ 1475.1 crs |  5.93% |
| Net Profit | ₹ 216.2 crs | ₹ 194.5 crs | 11.16% |
| EPS | ₹ 20.44 | ₹ 18.42 | 10.97% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.1562.6 crores during the period ended June 30, 2021 as compared to Rs.1308.4 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.216.2 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.117.2 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.20.44 for the period ended June 30, 2021 as compared to Rs.11.10 for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 1562.6 crs | ₹ 1308.4 crs | 19.43% |
| Net Profit | ₹ 216.2 crs | ₹ 117.2 crs | 84.47% |
| EPS | ₹ 20.44 | ₹ 11.10 | 84.14% |
During the quarter, LTTS won 6 deals with TCV of USD10 million plus, which includes 2 USD25 million plus deals. Revenues from digital and leading-edge technologies stood at 54% during the quarter.
"We started the new fiscal with a strong performance, despite the pandemic related challenges during the quarter. In Q1, we got our revenue back on the double-digit growth trajectory and marked four consecutive quarters of operating margin improvement.
The deal pipeline is healthy across segments, and we expect broad based growth to continue. Our innovation engine is matching the pace of our growth as we filed a record 23 patents in Q1.
To further scale and strengthen our technology and capability advantage, we have identified 6 strategic investment areas - Electric Autonomous & Connected Vehicle (EACV), 5G, Medtech, Digital Manufacturing, AI&ML driven smart offerings and Sustainability. The focus will be on innovation and solution building in these new age areas that will position us as the partner of choice for customers in their next generation product development cycle", said Amit Chadha, CEO & Managing Director, L&T Technology Services Limited.
Shares of L&T Technology Services Ltd was last trading in BSE at Rs.2910.25 as compared to the previous close of Rs. 2829.2. The total number of shares traded during the day was 23241 in over 3078 trades.
The stock hit an intraday high of Rs. 2934 and intraday low of 2801.2. The net turnover during the day was Rs. 66892748.
