Our growth has been broadly based on all five segments that grow at double digits and show improvement in performance genes. We made excellent progress on all six of our badges in Q4, winning the 100mn plus contract in the EACV space selected as strategic an engineering partner for the new VTOL Vertical Takeoff and Landing electric aircraft system.
Y22 Income of Rs. 6,570 crore, up 21% YOY ,FY22 Gain amount of Rs. 957 crore, up 44% YoY L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering company, announced its results for the fourth quarter ending March 31, 2021. Q4FY22 highlights include among: Revenue of 17,561 million; 22% growth YoY, USD Revenue to $ 232 million; growth of 19% YoY in fixed income ,EBIT margin at 18.6%; up to 200 bps YoY, Total gain is Rs. 2,620 million; 35% growth in YoY Outstanding FY22 includes ,Income by Rs. 65,697 million; 21% growth , USD revenue at $ 880 million; 20% growth in fixed income , EBIT margin at 18.3%; up to 380 bps , Total profit by Rs. 9,570 million; 44% growth , Final allocation of Rs. 15 per share recommended by Board During the quarter, LTTS won USD 100 million-plus agreement, USD 25 million-plus deal, and 4 other agreements TCV for USD 10 million- plus.
Profits from Digital Technology
Profits from digital technology and advanced technology stood at 57% during the quarter. We have achieved a few developments with FY22 – a 20% dollar increase in fixed income, high performance genes, and a triple increase in patents imposed by our engineers. Our growth was broadly based as all five segments grew at double digits and showed improvement in performance genes. We made excellent progress in all six of our bets; in Q4, we won a $ 100mn plus contract in the EACV space – selected as VTOL (Vertical Takeoff and Landing) new strategic engineering partner. With this agreement, we have been able to extend our EACV success in the Auto and Trucks & Off-Highway segment, to Aerospace, showcasing our multi-domain engineering expertise.
Our team of about 20,000 engineers is excited to partner with companies to introduce new and successful innovations. As we launch new investments, I am confident of our readiness to capture more ideas and continue to be the preferred engineering partner for top ER&D companies worldwide, “said Amit Chadha, CEO & Managing Director, L&T Technology Services Limited.
Awards and recognition
• LTTS was honored as a partner and provider of the partner level of the year, in John Deere’s 2021 Achieving Excellence program ,U.S. The 2022 BIG Innovation Awards were honored with LTTS in the Top Innovative Product of the Year category for its Point-of-Care Sepsis Solution, LTTS was ranked # 6 among 54 service providers in Everest Group’s Engineering Services PEAK Matrix Service Provider of the Year ™ Awards 2022
• 12 Aegis Graham Bell Awards honored LTTS for Innovation in Cybersecurity category ,Business Intelligence Group in US US honored LTTS as one of the Best Places Operational , LTTS honored with ASSOCHAM CSR & Sustainability Excellence Award 2022 in the occupational health care category At the end of Q4FY22, the capacity of LTTS staff increased to 20,861.
About L&T Technology Services Ltd L&T Technology Services Limited (LTTS) is a listed component of Larsen & Toubro Limited focusing on Engineering and R&D (ER&D) services. We provide consulting, design, development, and testing services throughout the product and life cycle of process development. Our customer base comprises of 69 Fortune 500 companies and 57 of the world’s top ER&D companies, across all industrial products, medical equipment, transportation, telecom & hi-tech and process industries. Based in India, we have more than 20,800 employees spread across 17 international design centers, 28 global sales offices, and 89 launch labs from March 31, 2022.
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