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

IndiGo Shares Drop 2% After Massive Flight Cancellations, Market Waits For SC’s Next Move On...

IndiGo Shares Drop 2% After Massive Flight Cancellations, Market Waits For SC’s Next Move On...

Threat From Narcotics Smuggling Remains Persistent In India With Transnational Syndicates Exploiting...

Threat From Narcotics Smuggling Remains Persistent In India With Transnational Syndicates Exploiting...

Fitch Ratings Raises India's GDP Growth Forecast For The Current Fiscal To 7.4%, Intense Consumer...

Fitch Ratings Raises India's GDP Growth Forecast For The Current Fiscal To 7.4%, Intense Consumer...

Gold Prices Fall To ₹1,30,374 Per 10 Grams, Silver Rises ₹1,82,672, Traders Tread With Caution...

Gold Prices Fall To ₹1,30,374 Per 10 Grams, Silver Rises ₹1,82,672, Traders Tread With Caution...

'There Is "Strong Political Commitment" From Both Sides To Conclude The Revamped India-EU FTA By The...

'There Is