Summary:
Mumbai, Maharashtra, India – Business Wire India • Q2 Revenue of Rs 1,608 crore, up 22% YoY • Q2 Net profit of Rs 230 crore, up 39% YoY? ? ?L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the second quarter ended September 30, 2021.
Highlights for Q2FY22 include: • Revenue at Rs 16,077 million; growth of 22% YoY • USD Revenue at $217.4 million; growth of 22% YoY • EBIT margin at 18.4%; up 470 bps YoY • Net profit at Rs 2,300 million; growth of 39% YoY • Special dividend of Rs 10 per share to mark the 5-year anniversary of LTTS" IPO; Record date October 27, 2021 During the quarter, LTTS won 5 deals with TCV of USD10 million plus, which includes 2 USD25 million plus deals.
“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.