For Q3FY22, L&T Technology Services (LTTS) reported net profit of 7248.8 crores, up by 33.7 percent year-on-year and 8.17 percent on a sequential basis. What factors have contributed the most to help you outperform?
LTTS has posted healthy financial performance in the third quarter, driven by broad-based demand across all key segments of its business. The prominent factors that stand out are quality of revenue over the past year and operating margin. Revenues from digital and new age technologies came in at 56 percent of our overall business, representing a 5 percent quarter-on-quarter growth.
Moreover, we touched a new high on EBIT margin at 18.6 per cent - the sixth consecutive quarter of improvement in operating margin. During the quarter, we had gains from operational efficiency measures, including pyramid optimization and rupee depreciation, partially offset by lower utilization and higher travel costs. These factors have helped us to grow further.
This story is from the January 31, 2022 edition of Dalal Street Investment Journal.
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This story is from the January 31, 2022 edition of Dalal Street Investment Journal.
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