L&T Technology Services Q3 profit rises 34% on wider profit margins

L&T Technology Services Q3 profit rises 34% on wider profit margins

AgenciesUpdated: Tuesday, January 18, 2022, 09:46 PM IST
article-image
The company stated that its revenue from operations rose to Rs 1,687.5 crore. |

L&T Technology Services (LTTS) reported 34 per cent rise in December quarter net profit at Rs 248.8 crore, led by profit margin expansion.

The company stated that its revenue from operations rose to Rs 1,687.5 crore from Rs 1,400 crore in the year-ago period.

The company's Managing Director and Chief Executive Amit Chadha stated that it is confident of achieving 19-20 per cent growth in the topline for 2021-22.

The company's operating profit margin surged by 3.40 percentage points to 18.6 per cent.

Chadha added that the profit margins came wider on the back of improved performance from key verticals including telecom, health technology and engineering services.

(With inputs from PTI)

RECENT STORIES

HCL Tech Shares Trade Flat, Stock Holds Near ₹1,670 As Investors Weigh Valuation & Dividends

HCL Tech Shares Trade Flat, Stock Holds Near ₹1,670 As Investors Weigh Valuation & Dividends

Passenger Vehicle Dispatches Surge 27% YoY In December 2025, Two-Wheelers Jump 39% On Strong Demand:...

Passenger Vehicle Dispatches Surge 27% YoY In December 2025, Two-Wheelers Jump 39% On Strong Demand:...

India In 'Goldilocks' Phase Of High Growth & Low Inflation, HSBC Urges Near-Neutral Policy Mix For...

India In 'Goldilocks' Phase Of High Growth & Low Inflation, HSBC Urges Near-Neutral Policy Mix For...

FACSI Urges Tax, Credit & Regulatory Relief For MSEs In Union Budget 2026-27 To Boost Growth &...

FACSI Urges Tax, Credit & Regulatory Relief For MSEs In Union Budget 2026-27 To Boost Growth &...

Amagi Media Labs Raises ₹805 Crore From Anchor Investors Ahead Of ₹1,789 Crore IPO Opening...

Amagi Media Labs Raises ₹805 Crore From Anchor Investors Ahead Of ₹1,789 Crore IPO Opening...