L&T Technology Services Ltd Q4FY21 consolidated PAT at Rs. 194.5 crore

L&T Technology Services Ltd has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1475.1 crores during the period ended March 31, 2021 as compared to Rs.1449.5 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.194.5 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.186.1 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.18.42 for the period ended March 31, 2021 as compared to Rs.17.63 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 1475.1 crs	₹ 1449.5 crs	1.77%
Net Profit	₹ 194.5 crs	₹ 186.1 crs	4.51%
EPS	₹ 18.42	₹ 17.63	4.48%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.1475.1 crores during the period ended March 31, 2021 as compared to Rs.1508 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.194.5 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.204.8 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.18.42 for the period ended March 31, 2021 as compared to Rs.19.40 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 1475.1 crs	₹ 1508 crs	-2.18%
Net Profit	₹ 194.5 crs	₹ 204.8 crs	-5.03%
EPS	₹ 18.42	₹ 19.40	-5.05%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.5603.4 crores during the 12 months period ended March 31, 2021 as compared to Rs.5828.2 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.663.3 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.818.6 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.62.90 for the 12 months period ended March 31, 2021 as compared to Rs.77.70 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 5603.4 crs	₹ 5828.2 crs	-3.86%
Net Profit	₹ 663.3 crs	₹ 818.6 crs	-18.97%
EPS	₹ 62.90	₹77.70	-19.05%

During the quarter, LTTS won 6 deals with TCV of USD10 million plus, which includes 2 USD25 million plus deals. Revenues from digital and leading-edge technologies stood at 52% during the quarter.

"We are exiting FY21 on an optimistic note post three consecutive quarters of strong deal wins and sequential revenue and operating margin improvement. The annual free cash flow generation at ₹1,252 crores was at a record high. I am happy to note that in Q4, our revenue is back on the positive year-over-year growth path.

We are seeing healthy deal win closures and pipeline build up as customers look for innovation and digital led transformation to strengthen their market positioning. Across all our five segments, we are investing in disruptive technologies and design labs to further the growth.

As we continue to execute in an environment made difficult by Covid uncertainties, I would like to thank our employees for their commitment, customer focus and resilience that has helped us deepen strategic relationships", said Amit Chadha, CEO & Managing Director, L&T Technology Services Limited.

Shares of L&T Technology Services Ltd was last trading in BSE at Rs.2798 as compared to the previous close of Rs. 2730.35. The total number of shares traded during the day was 36012 in over 3831 trades.

The stock hit an intraday high of Rs. 2817.6 and intraday low of 2640.6. The net turnover during the day was Rs. 100307995.

Source : Equity Bulls

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