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L&T Technology Services (LTTS) Q4 updates – Net Profit Jumps by 35%

08 August 20223 mins read by Angel One
L&T Technology Services (LTTS) Q4 updates – Net Profit Jumps by 35%
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In FY 22, L&T Tech Services attained several milestones. It witnessed over a 3-fold rise in patents that the engineers filed, a 20% dollar revenue growth in constant currency and high operating margins. Individuals can get an insight into the earnings of LTTS from the following sections.

What About the Revenue of L&T Tech Services in Q4?

The revenue from operations as per the results of L&T Tech Services stood at Rs. 1,756.1 crores, surging about 22% in Q4, ended in March 2022. It was Rs. 1,440.5 crores in Q4, which ended in March 2021.

The consolidated net profit rose by 34.7%, standing at Rs. 262 crores. In Q4 of the previous year, it stood at Rs. 194.5 crores.

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Know About the Achievements of L&T Tech Services in Q4

In this quarter, L&T Tech Services won a $ 100 millions plus agreement in the electric autonomous connected vehicles (EACV) space. Now, it is a strategic partner of an innovative electric Vertical Takeoff and Landing (VTOL) aircraft program.

Through this agreement, L&T Tech Services can extend its success to the truck, auto and aerospace segments, marking the multifaceted engineering expertise of this company.

A Closer Look into L&T Tech Services

L&T Technology Services Ltd. is a market leader in ER&D (R&D) and engineering services. This company breathes and lives engineering with the filing of 816 patents for some of the best ER&D spenders in the world.

With 79 R&D design and innovation centres worldwide, L&T Tech Services specialises in autonomous transport, digital factory, collaborative robots, artificial intelligence and 5G. The Managing Director of LTTS is Amit Chadha.

Bottom Line

The expertise of L&T Tech Services in digitalisation, smart manufacturing, product development and engineering design taps every horizon of one’s existence. With its segments growing twice and indicating improved operating margins, this company has flourished in the global market.

Moving forward, individuals who wish to make investments in the future can open an easy Demat account with Angel One (app/website) through a streamlined and instant procedure. Go through Angel One blogs for more stock market, IPO, and business news.

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Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.

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