L&T Technology Services reports a 10% increase in 3QFY20
India, Jan. 17 -- L&T Technology Services announced its results for the third quarter ended December 31, 2019.
Highlights for Q3FY20 include:
USD Revenue at $199 million; growth of 7% YoY
Revenue at Rs. 14,230 million; growth of 8% YoY
EBIT margin at 16.8%; up 30bps YoY
Net profit at Rs. 2,041 million; growth of 10% YoY
During the quarter, LTTS won 9 multi-million dollar deals across all major industry segments which include 2 deals having TCV of USD30mn+ each. On a YoY basis, LTTS has increased its USD20mn+ clients by 2 and its USD10mn+ clients by 4.
"Q3 results were consistent with our expectations. We had a strong performance in three segments - Transportation, Plant Engineering, and Medical Devices that are each growing in exce...
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