<p>L&T Technology Services (LTTS) reported a jump in profit of 35 per cent year-on-year (YoY) to Rs 262 cr for the quarter ended March 2022 (Q4 FY22).</p>.<p>The engineering and R&D services company had posted a profit of Rs 194.5 crore in the same period last year.</p>.<p>“We achieved several milestones in FY22 – a dollar revenue growth of 20 per cent in constant currency, record high operating margins, and more than three-fold increase in patents filed by our engineers”, said Amit Chadha, CEO & Managing Director, L&T Technology Services Limited.</p>.<p>It posted a revenue of Rs 1,756 crore, registering a growth of 22 per cent YoY in Q4 FY22, which was Rs 1,440 crore in the same period a year ago. Revenues from digital and leading-edge technologies stood at 57 per cent during the quarter.</p>.<p>The company also declared a final dividend of Rs 15 per share, subject to approval of the shareholders.<br /><br />Speaking to DH post the earnings, Chadha provided a guidance of 13.5-15.5 per cent organic growth for the next financial year. “All in all, we had a very satisfying performance and knock on wood, as I go forward in the next year.”<br /><br />LTTS also had the highest-ever quarterly and annual deals so far. The patents portfolio stood at 868, out of which 605 are co-authored with its customers and the rest are filed by LTTS.</p>.<p>The pure-play engineering services company has garnered a multi-year $100 million electric air mobility deal from US-based e-vehicle player Jaunt Air Mobility.</p>.<p>As part of the contract, LTTS will open an Engineering and R&D Centre in Québec province of Canada for the next-gen electric aircraft manufacturer to provide engineering services for the Jaunt Journey eVTOL (electric Vertical Takeoff and Landing) air taxi.</p>.<p>Results were announced post market hours with the shares ending at Rs 4,249.90 on the BSE, up Rs 65.20, or 1.56 per cent.</p>
<p>L&T Technology Services (LTTS) reported a jump in profit of 35 per cent year-on-year (YoY) to Rs 262 cr for the quarter ended March 2022 (Q4 FY22).</p>.<p>The engineering and R&D services company had posted a profit of Rs 194.5 crore in the same period last year.</p>.<p>“We achieved several milestones in FY22 – a dollar revenue growth of 20 per cent in constant currency, record high operating margins, and more than three-fold increase in patents filed by our engineers”, said Amit Chadha, CEO & Managing Director, L&T Technology Services Limited.</p>.<p>It posted a revenue of Rs 1,756 crore, registering a growth of 22 per cent YoY in Q4 FY22, which was Rs 1,440 crore in the same period a year ago. Revenues from digital and leading-edge technologies stood at 57 per cent during the quarter.</p>.<p>The company also declared a final dividend of Rs 15 per share, subject to approval of the shareholders.<br /><br />Speaking to DH post the earnings, Chadha provided a guidance of 13.5-15.5 per cent organic growth for the next financial year. “All in all, we had a very satisfying performance and knock on wood, as I go forward in the next year.”<br /><br />LTTS also had the highest-ever quarterly and annual deals so far. The patents portfolio stood at 868, out of which 605 are co-authored with its customers and the rest are filed by LTTS.</p>.<p>The pure-play engineering services company has garnered a multi-year $100 million electric air mobility deal from US-based e-vehicle player Jaunt Air Mobility.</p>.<p>As part of the contract, LTTS will open an Engineering and R&D Centre in Québec province of Canada for the next-gen electric aircraft manufacturer to provide engineering services for the Jaunt Journey eVTOL (electric Vertical Takeoff and Landing) air taxi.</p>.<p>Results were announced post market hours with the shares ending at Rs 4,249.90 on the BSE, up Rs 65.20, or 1.56 per cent.</p>
