LT Technology Services Reports 21 Growth in FY22

Mumbai Maharashtra India Business Wire India FY22 Revenue of Rs 6570 crore up 21 YoY FY22 Net profit of Rs 957 crore up 44 YoY LT Technology Services Limited BSE 540115 NSE LTTS Indias leading pure-play engineering services company announced its results for the fourth quarter ended March 31 2021 Highlights for Q4FY22 include Revenue at Rs17561 million growth of 22 YoY USD Revenue at 232 million growth of 19 YoY in constant currency EBIT margin at 186 up 200 bps YoY Net profit at Rs 2620 million growth of 35 YoY Highlights for FY22 include Revenue at Rs 65697 million growth of 21 USD Revenue at 880 million growth of 20 in constant currency EBIT margin at 183 up 380 bps Net profit at Rs 9570 million growth of 44 Final dividend of Rs15 per share recommended by the Board During the quarter LTTS won a USD 100 million plus deal a USD 25 million plus deal and 4 other deals with TCV of USD 10 million plus Revenues from digital and leading-edge technologies stood at 57 during the quarter We achieved several milestones in FY22 a dollar revenue growth of 20 in constant currency record high operating margins and more than three-fold increase in patents filed by our engineers Our growth was broad based with all five segments growing in double digits and showing an improvement in operating margins We are making very good progress across our six bets in Q4 we won a 100mn plus deal in the EACV space – being chosen as the strategic engineering partner for a new age electric VTOL Vertical Takeoff and Landing aircraft program With this deal we have been able to extend our EACV success at Auto and Trucks Off Highway segments to Aerospace reflecting our multi-domain engineering expertise Our team of around 20000 engineers are excited about partnering with companies to herald new and breakthrough innovations As we start a new fiscal I am confident of our capability preparedness to capture greater mindshare and continue being the engineering partner of choice to the top ERD companies globally said Amit Chadha CEO Managing Director LT Technology Services Limited Awards Recognitions LTTS recognized as a Partner-level Supplier Supplier of the Year in John Deeres 2021 Achieving Excellence Program 2022 US BIG Innovation Awards recognized LTTS in Top Innovative Product of the Year category for its Point-of-Care Sepsis solution LTTS was ranked as 6 out of 54 service providers in Everest Groups Engineering Services PEAK Matrix Service Provider of Year Awards 2022 The 12th Aegis Graham Bell Awards honored LTTS in the Innovation in Cybersecurity category US-based Business Intelligence Group recognized LTTS as one of the Best Places to Work LTTS recognized with ASSOCHAM CSR Sustainability Excellence Award 2022 in the Healthcare category LTTS won Gold in BW Recycle Recycling for a Greener Tomorrow Award 2022 for its Solid Waste Management Program Patents At the end of Q4FY22 the patents portfolio of LT Technology Services stood at 868 out of which 605 are co-authored with its customers and the rest are filed by LTTS Human Resources At the end of Q4FY22 LTTS employee strength stood at 20861 About LT Technology Services Ltd LT Technology Services Limited LTTS is a listed subsidiary of Larsen Toubro Limited focused on Engineering and RD ERD services We offer consultancy design development and testing services across the product and process development life cycle Our customer base includes 69 Fortune 500 companies and 57 of the worlds top ERD companies across industrial products medical devices transportation telecom hi-tech and the process industries Headquartered in India we have over 20800 employees spread across 17 global design centers 28 global sales offices and 89 innovation labs as of March 31 2022 For more information please visit httpswwwlttscom PWR PWR

nyoooz

April 22, 2022

National

4 min

zeenews

Mumbai Maharashtra India Business Wire India FY22 Revenue of Rs 6570 crore up 21 YoY FY22 Net profit of Rs 957 crore up 44 YoY LT Technology Services Limited BSE 540115 NSE LTTS Indias leading pure-play engineering services company announced its results for the fourth quarter ended March 31 2021 Highlights for Q4FY22 include Revenue at Rs17561 million growth of 22 YoY USD Revenue at 232 million growth of 19 YoY in constant currency EBIT margin at 186 up 200 bps YoY Net profit at Rs 2620 million growth of 35 YoY Highlights for FY22 include Revenue at Rs 65697 million growth of 21 USD Revenue at 880 million growth of 20 in constant currency EBIT margin at 183 up 380 bps Net profit at Rs 9570 million growth of 44 Final dividend of Rs15 per share recommended by the Board During the quarter LTTS won a USD 100 million plus deal a USD 25 million plus deal and 4 other deals with TCV of USD 10 million plus Revenues from digital and leading-edge technologies stood at 57 during the quarter We achieved several milestones in FY22 a dollar revenue growth of 20 in constant currency record high operating margins and more than three-fold increase in patents filed by our engineers Our growth was broad based with all five segments growing in double digits and showing an improvement in operating margins We are making very good progress across our six bets in Q4 we won a 100mn plus deal in the EACV space – being chosen as the strategic engineering partner for a new age electric VTOL Vertical Takeoff and Landing aircraft program With this deal we have been able to extend our EACV success at Auto and Trucks Off Highway segments to Aerospace reflecting our multi-domain engineering expertise Our team of around 20000 engineers are excited about partnering with companies to herald new and breakthrough innovations As we start a new fiscal I am confident of our capability preparedness to capture greater mindshare and continue being the engineering partner of choice to the top ERD companies globally said Amit Chadha CEO Managing Director LT Technology Services Limited Awards Recognitions LTTS recognized as a Partner-level Supplier Supplier of the Year in John Deeres 2021 Achieving Excellence Program 2022 US BIG Innovation Awards recognized LTTS in Top Innovative Product of the Year category for its Point-of-Care Sepsis solution LTTS was ranked as 6 out of 54 service providers in Everest Groups Engineering Services PEAK Matrix Service Provider of Year Awards 2022 The 12th Aegis Graham Bell Awards honored LTTS in the Innovation in Cybersecurity category US-based Business Intelligence Group recognized LTTS as one of the Best Places to Work LTTS recognized with ASSOCHAM CSR Sustainability Excellence Award 2022 in the Healthcare category LTTS won Gold in BW Recycle Recycling for a Greener Tomorrow Award 2022 for its Solid Waste Management Program Patents At the end of Q4FY22 the patents portfolio of LT Technology Services stood at 868 out of which 605 are co-authored with its customers and the rest are filed by LTTS Human Resources At the end of Q4FY22 LTTS employee strength stood at 20861 About LT Technology Services Ltd LT Technology Services Limited LTTS is a listed subsidiary of Larsen Toubro Limited focused on Engineering and RD ERD services We offer consultancy design development and testing services across the product and process development life cycle Our customer base includes 69 Fortune 500 companies and 57 of the worlds top ERD companies across industrial products medical devices transportation telecom hi-tech and the process industries Headquartered in India we have over 20800 employees spread across 17 global design centers 28 global sales offices and 89 innovation labs as of March 31 2022 For more information please visit httpswwwlttscom PWR PWR

Related Topics

Related News

More Loader