INSUBCONTINENT EXCLUSIVE:
LT Technology Services (LTTS) reported a net profit of Rs 191.5 crore for the quarter ended 31st March, 2019, up 21 per cent over the
corresponding quarter last year
Revenue for the period was up 27 per cent at Rs 1,343 crore
In dollar terms, revenue was up 18 per cent at $191.3 million
The EBITDA margin was at 18.5 per cent; up by 240bps YoY.
The company recorded a 51 per cent increase in net profit for FY19 at Rs 766 crore
and a 36 per cent increase in revenues for the year at Rs 5,078 crore
Dollar revenue came in at $723 million with a constant currency growth of 26.5 per cent
double-digit growth in all five of our industry segments
Digital leading-edge technologies - the growth driver for ERD, contributed to 33 per cent of FY19 revenues and grew by 58 per cent YoY
During the quarter, LTTS won 9 multi-million dollar deals across all industry segments
On a YoY basis, LTTS has increased its USD50mn+ clients by 2, USD10mn+ clients by 4 and its USD5mn+ clients by 10
total headcount at the end of the quarter stood at 15,140, a net addition of 363 during the quarter
The total patents portfolio stood at 399, out of which 288 are co-authored with customers
36 new patents were added in the quarter with 12 being filed by LTTS and 24 co-authored with customers.