Revenue ₹ 6,570 crore in FY 2021-22, growth of 21% year-on-year, net profit ₹ 957 crore in FY 2021-22, growth of 44% year-on-year
L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading fully engineering services company, announced its results for the fourth quarter ended March 31, 2021.
Key Financial Results for the Fourth Quarter of FY 2021-22:
Revenue 17,561 million; 22% annual growth
આવક Revenue in USD 232 million; 19% annual growth in sustainable currency
· EBIT margin 18.6%; An increase of 200 bps annually
Net profit 2,620 million; 35% growth on an annual basis
Key Financial Results for Fiscal Year 2021-22:
Revenue 65,697 million; 21% growth
આવક Revenues in US $ 880 million; 20% growth in sustainable currency
· EBIT margin 18.3%; An increase of 380 bps
Net profit 9,570 million; Growth of 44%
The board recommended a final dividend of ₹ 15 per share
During the quarter, LTTS acquired deals over 100 100 million, one deal over 25 25 million and 4 other deals with TCVs over 10 10 million. Revenue from digital and cutting-edge technologies was 57 percent during the quarter.
Amit Chadha, CEO and Managing Director, L&T Technology Services Ltd., said, . Our growth broadly has been above 10 per cent in all the five segments and shows an improvement in operating margins.
We’ve made tremendous progress in all six of our verticals in the fourth quarter, winning over 100 million deals in EACV space – selected as the strategic engineering partner for our state-of-the-art Electric VTOL (Vertical Takeoff and Landing) aircraft program.
With this deal we have been able to take our EACV success in the auto and trucks and off-highway segment to aerospace, reflecting our engineering expertise in various fields.
Our team of approximately 20,000 engineers is pleased to partner with companies to take us into the age of new and pioneering innovations. As we begin the new financial year, I am confident in our ability to capture a greater stake and remain confident as the engineering partner of choice for the top ER&D companies in the world. “
Awards and honors:
ટી LTTS was hailed as Partner-Level Supplier and Supplier of the Year in John Deere’s 2021 Achieving Excellence Program
· 2022 U.S. At the Big Innovation Awards, LTTS was awarded in the Top Innovative Product of the Year category for its point-of-care sepsis solution.
ટી LTTS named Everest Group’s Engineering Services Peak Matrix Service Provider of the Year
Ranked # 6 among 54 service providers at the Awards 2022
ટી At the 12th Aegis Graham Bell Awards, LTTS was lauded in the Innovation in Cybersecurity category.
· US-based Business Intelligence Group hails LTTS as one of the best places to work
· LTTS was honored with Assocham CSR & Sustainability Excellence Award 2022 in Healthcare category
· LTTS Wins Gold in BW Recycle: Recycling for Greener Tomorrow for its Solid Waste Management Program
Patent-L&T Technology Services had a patent portfolio of 868 at the end of the fourth quarter of FY2021-22, of which 605 were co-authorized with its customers and the rest of the patents were filed by LTTS.
