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L&T Technology Services reports a resilient Q4FY21 to close FY21 with strong execution

L&T Technology Services reports a resilient Q4FY21 to close FY21 with strong execution Monday, May 3, 2021 7:33PM IST (2:03PM GMT)   Q4 Net profit of Rs 195 crore, up 5% QoQ L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the fourth quarter and full year ended March 31, 2021.   USD Revenue at $197.5 million; growth of 3.9% QoQ EBIT margin at 16.6%; up 140 bps QoQ Net profit at Highlights for FY21 include: USD Revenue at $737 million; decline of 6.3% EBIT margin at 14.5% Board has recommended a final dividend of Rs 14.50 per share During the quarter, LTTS won 6 deals with TCV of USD10 million plus, which includes 2 USD25 million plus deals. Revenues from digital and leading-edge technologies stood at 52% during the quarter.

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