INSUBCONTINENT EXCLUSIVE:
technology patents annually.
For FY18, LT Technology Services did report 20 per cent year-on-year profit growth at Rs 506.60 crore against
Rs 425 crore a year ago.
The aim is to give the company necessary momentum to drive revenue to $1 billion by FY21, Keshab Panda, CEO MD, LT
Technology Services told ETMarkets.com.
Investors are already buying this vision
The company, which went public in September 2016, has already seen its stock double investor wealth, rallying 100 per cent from Rs 865.10 on
September 23, 2016 to Rs 1,737 as of September 5, 2018
appears optically rich at 23 times FY20F EPS
But strong earnings momentum (20 per cent FY18-20 CAGR) and a superior business portfolio should sustain that, says JM Financial.
LT
Technology Services is one of the three listed subsidiaries of LT
The company provides design and development solutions to clients across the entire value chain of product development
These include solutions in areas of mechanical and manufacturing engineering, embedded systems, software engineering and process
global brokerage CLSA said in a report
However, it will be tough to meet the margin target at 20 per cent Ebitda, and that may need a combination of utilisation, rate increases,
Technology Services is looking at investment in newer areas such as NB-IoT, machine learning and embedded technologies complemented by
witnessing good demand and the LT seeks to tap this opportunity as a pureplay engineering services provider.
Padna sees a large customer
base across the globe, as the business world begins to accelerate investments in digital engineering.
An artificial intelligence-based
proprietary offering called AiKno is expected to bring in a lot of business for the company over the next five years
It is also exploring a few strategic MA opportunities, specifically focusing on niche technology companies which provide end-to-end new age
are focused on improving margins by using technology and automation tools to obtain higher productivity
only 19 per cent in FY21 at a USD-INR rate of 69.9
