L&T Technology and Services Q1 Results FY2023, PAT at Rs.2742 million

L&T Technology and Services Q1 Results FY2023

by Shreya Anaokar Last Updated: Dec 10, 2022 - 03:07 pm 22.5k Views
Listen icon

On 15th July 2022, L&T Technology and Services, India’s leading pure-play engineering services company, announced its quarterly results for the first quarter of FY2023


Q1FY23 Key Highlights:

- 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

- At the end of Q1FY23, the patents portfolio of L&T Technology Services stood at 913, out of which 625 are co-authored with its customers and the rest are filed by LTTS

- At the end of Q1FY23, LTTS’ employee strength stood at 21,433.


Revenue by Industry:

- The revenue from Transportation was reported with a growth of 31.23% YoY and 6.39% QoQ

- The revenue from Plant engineering grew by 26.99% YoY and by 11% YoY for Q1FY23.

- The revenue from Industrial Products grew by 4.5% QoQ and by 17.7% YoY for Q1FY23.

- The revenue from Medical devices grew by 20.41% YoY and grew by 5.74 % QoQ for Q1FY23.

- The revenue from Telecom and High-Tech increased by 14.14% YoY and 3.71% QoQ for Q1FY23.

Commenting on the result, Amit Chadha, CEO & Managing Director, L&T Technology Services Limited said: “We started the new fiscal on a strong note with revenue growing sequentially by 4.7% in constant currency. Growth was led by Plant Engineering and Industrial Products, benefitting from spending towards digital manufacturing, energy transition, and smart & connected products. Our big bets focus has helped us to align ourselves with these strategic and multiyear customer programs. Deal wins were very strong during the quarter and spread across segments. Our Aerospace and Rail segment is seeing a revival of large deal bookings with a USD 50 million deal in Q1 on the back of a stellar long-term deal that we won in the prior quarter. We recently opened an engineering design center in Toulouse, France to cater to the new-age digital requirements of Aerospace. We see a broad-based pipeline of opportunities which gives us the confidence of the growth momentum sustaining.”


Share Market Today

How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage


About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 


Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Polymatech Electronics: ₹1,500 Crore IPO for Semiconductor Expansion

Polymatech Electronics, prominent semiconductor chip manufacturer based in Chennai, is gearing up for significant financial move with plans to launch₹1,500 cr initial public offering (IPO) by end of year. This IPO, double size initially envisaged, signifies company’s ambitious expansion strategy in semiconductor industry.

Vodafone Idea Sets Floor and Cap Prices for FPO Amid Market Speculation

In a major development, Vodafone Idea Ltd. has revealed the floor price and cap price, alongside the lot size, for its upcoming follow-on public offering (FPO). The telecom giant witnessed a decrease of more than 3.25% during early trading on Wednesday, settling at ₹12.51, thus holding a market capitalization exceeding ₹61,000 crore.

Bondada Engineering Share Price Surged by 1423.2%, Know Why?

Bondada Engineering, standout in integrated infrastructure sector, witnessed extraordinary surge in its share price, soaring by impressive 1423.2% since its debut on BSE SME platform in August 2023. Investors who were part of IPO allocation saw significant gains, potentially earning 18.3 lakhs in just over eight months.