BackL&T Technology Services Q4 net profit up 21%
The company's revenue from operations stood at ₹1,343.1 crore, up 27% year-on-year and two per cent on a sequential basisThe company's net profit for the full year ended March 31, 2019, stood at ₹765.6 crore
PremiumNEW DELHI : L&T Technology Services (LTTS) Friday posted about 21% rise in consolidated net profit to ₹191.5 crore for the fourth quarter of 2018-19, helped by broad-based growth across industry segments.
The company's revenue from operations stood at ₹1,343.1 crore, up 27% year-on-year and two per cent on a sequential basis.
"We had an excellent year, growing ahead of the industry once again. Growth in the financial year 2018-19 was broad-based and we achieved our target of double-digit growth in all five of our industry segments," LTTS CEO and MD Keshab Panda said.
He said operational metrics also showed an improvement and aided the Ebitda (earnings before interest, tax, depreciation and amortisation) margin expansion of 250 basis points in 2018-19.
The company's net profit for the full year ended March 31, 2019, stood at ₹765.6 crore, rising 51% over the previous fiscal, while the revenue at ₹5,078.3 crore translated into a growth of about 36% over 2017-18.
The company's board has recommended a final dividend of ₹13.5 per share, the statement said.
At the end of the fourth quarter of 2018-19, the company's employee strength stood at 15,140, a net addition of 363 during the quarter.
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