L&T Technology Services- LTTS Q1FY23 result : PAT grew 4.6% to ₹274 Cr QOQ and 26.8% YoY

The company has posted a consolidated Net Profit of ₹274.2 crore in the quarter ended on March 31, 2022 as against ₹262.0 crore in the previous quarter ended on June 30, 2022. The PAT surges up by 4.65%.

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L&T Technology Services Limited (LTTS NEWS) is a global leader in Engineering and R&D (ER&D) services. With 868 patents filed for 57 of the Global Top 100 ER&D spenders, LTTS lives and breathes engineering.

The company has posted its Q1FY23 financial results today, the details are as below :

(I) Unaudited Consolidated Financial Results for Quarter Ended (QOQ comparison):

The company has reported, a consolidated Total Income of ₹1,918.5 crore in the quarter ended on June 30, 2022 as against ₹1,798.0 crore in the last quarter ended on Mar 31, 2022, increased by 6.70%.

The company has posted a consolidated Net Profit of ₹274.2 crore in the quarter ended on March 31, 2022 as against ₹262.0 crore in the previous quarter ended on June 30, 2022. The PAT surges up by 4.65%.

The status of the EPS of the company stood at ₹25.95 as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹24.78, up by 4.72%.

₹*June 30, 2022 (Q1FY23) Mar 31, 2022 (Q4FY22)
Total Income1,918.51,798.0
Total Expenses1541.11439.2
PBT /(Loss)377.4358.8
Total Tax /(credit)102.495.6
PAT /(Loss) [to the owners]274.2262.0
*figures are in Crores

(I) Unaudited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹1,918.5 crore in the financial year ended on June 30, 2022 as against ₹1,562.6 crore for the same quarter ended on last year June 30, 2021 that increased by 22.77%.

The company has posted a consolidated Net Profit of ₹274.2 crore in the financial year ended on June 30, 2022 as against ₹216.2 crore for the same quarter ended on last year June 30, 2021. The PAT surges up by 26.82%.

The status of the EPS of the company stood at ₹25.95 as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹20.44, up by 26.95%.

₹*June 30, 2022 (Q1FY23)June 30, 2021 (Q1FY22)
Total Income1,918.51,562.6
Total Expenses1541.11266.9
PBT /(Loss)377.4295.7
Total Tax /(credit)102.478.7
PAT /(Loss) [to the owners]274.2216.2
*figures are in Crores

(III) Key Highlights about the Performance :

  • USD Revenue at $239.5 million; growth of 20% YoY in constant currency
  • EBIT margin at 18.3%; up 100 bps YoY
  • During the quarter, LTTS won a USD 50 million plus deal, four USD 15 million deals and two deals with TCV of USD 10 million.
  • LTTS recognized as a ‘Leader’ in Everest Group’s Digital Product Engineering Services PEAK Matrix® Assessment 2022
  • Patents
    • At the end of Q1FY23, the patents portfolio of L&T Technology Services stood at 913, out of which
    • 625 are co-authored with its customers and the rest are filed by LTTS.
ltts cash flow q1fy23 result
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Market Times company result

The stocks of LTTS last hit in BSE,

  • Intraday High of ₹ 3117.85
  • Intraday low of ₹ 3046.20