LTTS begins FY19 with 101% profit growth, 40% revenue growth at Rs 1.97 bn

EBITDA for the quarter was at Rs 1,961 million while EBITDA margin at 17% up 16% sequentially and 56 per cent over the year

Pure play engineering services company L&T Technology Services Limited (LTTS) posted a net profit at Rs 1.97 billion growth of 24% QoQ, 101% YoY.

Reported revenue stood at RS 11,522 million; growing  9.2% sequentially and 40.1% over the year. Profits included a RS 470 million payout received by the company in the quarter.

Revenues from digital & leading-edge technologies increased to 31% of the overall business and grew 79% YoY; said Dr Keshab Panda, CEO & Managing Director, L&T Technology Services Limited.

EBITDA for the quarter was at Rs1,961 million while EBITDA margin at 17.0 per cent up 16 per