L-;T Technology Services Q4 PAT up 34.7% to Rs262cr on 200 bps spike in EBIT margin yoy

24 Apr 2022 , 09:01 AM

L&T Technology Services reported 21.91% growth yoy in total revenues for the Mar-22 quarter on consolidated basis at Rs1,756.10cr. On a sequential basis, the revenues were higher for the quarter by 4.07%.

For full year FY22, the revenues were higher by 21% at Rs6,570cr. Dollar revenues grew 19% yoy in constant currency terms in Q4 and 20% for the full year FY22. Revenues from digital services stood at 57% as it saw growth across verticals.

LTTS got deals with TCV of $10 million plus in the quarter. The final dividend was Rs15/share taking the total dividend pay-out ratio for the year to 39%. ROE stood at 25% for FY22.

The consolidated net profit for Q4 was up 34.7% to Rs262cr, while the profits were up by 5.31% on a sequential basis. The EBIT for the quarter at Rs327.4cr resulted in EBIT margins of 18.4%, 200 bps above Q4FY21.

Full year EBIT stood at Rs.1,201cr with annual EBIT margins of 18.3%. In terms of vertical contribution, transportation continues to contribute the most to LTTS followed by Telecom, industrial products and plant engineering.

Net margins stood at 14.92% in Mar-22 quarter compared to 13.50% in Mar-21. The net profit margins were higher by 18 basis points on a sequential basis, compared to Dec-21 quarter.

Financial highlights for Mar-22 compared yoy and sequentially

	L&T Technology Services
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%