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.
The board of directors has reported a final dividend of Rs 13.5 per share.Growth in FY19 was broad-based and we achieved our target of 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.
Operational metrics too showed an improvement and aided the EBITDA margin expansion of 250bps in FY19, said Keshab Panda, managing director, LTTS.
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.
Our strategy of continuously investing in new capabilities, cross-pollinating innovation across industry segments, and a deep understanding of core engineering disciplines has enabled us to participate in larger and more strategic engagements with our customers, added Panda.The 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.