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L&T Technology Services revenue rises 15% to Rs 37.4 billion in FY18

For the March quarter, L&T Technology Services posted year-on-year revenue growth of 30 per cent to Rs 10.54 billion

A sign of Larsen and Toubro (L&T) is placed on a road divider in Mumbai
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A sign of Larsen and Toubro (L&T) is placed on a road divider in Mumbai

Romita Majumdar Mumbai
Mumbai: L&T Technology Services posted an annual revenue growth of 15.4 per cent to Rs 37.47 billion and profit rose 19 per cent to Rs 5.060 billion for the year ended March 31.

For the March quarter, the company posted year-on-year (y-o-y) revenue growth of 30 per cent to Rs 10.54 billion. It reported a 65.6 per cent growth in quarterly profit to Rs 1.58 billion compared to the year-ago period. 

Dollar revenue was at $580 million for the year, growing 20 per cent (y-o-y). The company’s board has recommended a final dividend of Rs 12 per share on Tuesday, including the