L&T Technology Services Limited, India’s leading pure-play engineering services company, announced its results for the first quarter ended June 30, 2022.
Highlights for Q1FY23 include:
- Revenue at ₹18,737 million; growth of 23% YoY
- USD Revenue at $239.5 million; growth of 20% YoY in constant currency
- EBIT margin at 18.3%; up 100 bps YoY
- Net profit at ₹2,742 million; growth of 27% YoY
During the quarter, LTTS won a USD 50 million plus deal, four USD 15 million deals and two deals with TCV of USD 10 million.