L&T Technology Services Ltd Q2FY22 consolidated PAT at Rs. 230 crores

L&T Technology Services Limited has reported Consolidated financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 1637 crores during the period ended September 30, 2021 as compared to Rs. 1562.6 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 230 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 216.2 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 21.77 for the period ended September 30, 2021 as compared to Rs. 20.44 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 1637 crs	₹1562.6 crs	4.76%
Net Profit	₹230 crs	₹216.2 crs	6.38%
EPS	₹21.77	₹20.44	6.51%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 1637 crores during the period ended September 30, 2021 as compared to Rs.1370.4 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.230 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.165.5 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.21.77 for the period ended September 30, 2021 as compared to Rs.15.69 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 1637 crs	₹1370.4 crs	19.45%
Net Profit	₹230 crs	₹165.5 crs	38.97%
EPS	₹21.77	₹15.69	38.75%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.3199.6 crores during the 6 Months period ended September 30, 2021 as compared to Rs.2678.8 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.446.2 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.282.7 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.42.24 for the 6 Months period ended September 30, 2021 as compared to Rs.26.83 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹3199.6 crs	₹2678.8 crs	19.44%
Net Profit	₹446.2 crs	₹282.7 crs	57.84%
EPS	₹42.24	₹26.83	57.44%

"We had a strong quarter with 6% sequential growth in constant currency driven by healthy traction in digital engineering across all our five segments. The rising digital adoption across our customer base has led to our revenue from digital & leading-edge technologies increasing to 55% in Q2.

Medical, our youngest segment, crossed $100mn in annualized revenue and is a testament to our differentiated domain expertise and strategic relationships. We are seeing a healthy deal pipeline and good traction in our six big bets - Electric Autonomous & Connected Vehicle (EACV), 5G, Med-tech, AI & Digital Products, Digital Manufacturing and Sustainability.

Our broad-based growth was accompanied by a rise in Operating margin which at 18.4% is the highest we have reported. We will continue the journey of investing in innovation labs and capability building, that has yielded us gains in market share and operating model efficiency", said Amit Chadha, CEO & Managing Director, L&T Technology Services Limited.

Shares of L&T Technology Services Limited was last trading in BSE at Rs. 5123.40 as compared to the previous close of Rs. 4854.85. The total number of shares traded during the day was 97772 in over 19477 trades.

The stock hit an intraday high of Rs. 5469.20 and intraday low of 4990.40. The net turnover during the day was Rs. 511903602.00.

Source : Equity Bulls

Keywords

LTTS Q2FY22 H1FY22 ResultUpdate LandTTechnologyServices