L&T Technology Services Q4 PAT up 34.7% to Rs262cr on a peak 200bps YOY ​​EBIT margin

L&T Technology Services recorded 21.91% year-on-year growth in total revenue for the quarter to March 22 on a consolidated basis at Rs 1,756.10. On a sequential basis, revenue increased 4.07% for the quarter.

For the full FY22 year, revenue increased by 21% to Rs6,570cr. Dollar revenues increased 19% year-over-year in constant currency terms in Q4 and 20% for the full year FY22. Digital services revenue was up 57% as it saw growth across all verticals.

LTTS closed deals with TCV for more than $10 million during the quarter. The final dividend was Rs 15 per share, bringing the total dividend payout ratio for the year to 39%. ROE was 25% for FY22.

Fourth quarter consolidated net profit increased by 34.7% to Rs262cr, while profit increased by 5.31% on a sequential basis. EBIT for the quarter at Rs327.4cr led to EBIT margins of 18.4%, 200bps above Q4FY21.

EBIT for the full year was 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 telecommunications, industrial products and plant engineering.

Net margins were 14.92% in the March 22 quarter, compared to 13.50% in the March 21 quarter. Net profit margins increased 18 basis points sequentially, compared to the December 21 quarter.

Financial highlights for March 22 compared year-over-year and sequential











L&T Technology Services

Rs to Crore

March 22

March 21st

YEAR

December 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%