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

India-EU FTA Nears Final Stage, Expected To Boost Exports, Diversify Trade Amid US Tariffs, &...

India-EU FTA Nears Final Stage, Expected To Boost Exports, Diversify Trade Amid US Tariffs, &...

Cardiology, Oncology, Neurology, Gastroenterology & Orthopaedics Drive Over 50% Revenue In NCR...

Cardiology, Oncology, Neurology, Gastroenterology & Orthopaedics Drive Over 50% Revenue In NCR...

India's Office Market Hits Record 83.3 Million Sq Ft Leasing In 2025, Global Firms Drive 58.4%...

India's Office Market Hits Record 83.3 Million Sq Ft Leasing In 2025, Global Firms Drive 58.4%...

Civil Unrest In Iran Hits India's Basmati Rice Exports, Causes Sharp Domestic Price Drop & Payment...

Civil Unrest In Iran Hits India's Basmati Rice Exports, Causes Sharp Domestic Price Drop & Payment...

Amex Stock Dips 4.3% As Trump Pushes 10% Credit Card Interest Rate Cap, Sparking Industry Turmoil

Amex Stock Dips 4.3% As Trump Pushes 10% Credit Card Interest Rate Cap, Sparking Industry Turmoil