Do you see the results of L&T Technology Services as a boost to the company?
Answer
Answer
LTTS Mar-22 quarter profits grew 21.9% at Rs.1,756 crore. Dollar revenues were up 19% yoy in constant currency terms in Q4 and 20% for full year FY22. Revenues from digital services comprised of 57% as it saw growth across verticals. LTTS got deals with TCV of over $10 million plus in the quarter. LTTS declared final dividend of Rs.15 per share taking the total dividend pay-out ratio for the year to 39%. The ROE was 25% for FY22.
LTTS
Rs in Crore
Mar-22
Mar-21
YOY
Dec-21
QOQ
Total Income (Rs cr)
₹ 1,756.10
₹ 1,440.50
21.91%
₹ 1,687.50
4.07%
Net Profit (Rs cr)
₹ 262.00
₹ 194.50
34.70%
₹ 248.80
5.31%
Diluted EPS (Rs)
₹ 24.78
₹ 18.42
₹ 23.56
Net Margins
14.92%
13.50%
14.74%
Net profit for Q4 was up 34.7% at Rs.262 crore. For Q4, EBIT stood at Rs.327.40 crore, implying EBIT margins of 18.4%. Full year EBIT was Rs.1,201 crore with annual EBIT margins of 18.3%. Transportation vertical contributed the most to LTTS followed by Telecom, industrial products and plant engineering. Net margins stood at 14.92% in Mar-22 quarter was higher than 13.50% in Mar-21 quarter.