L&T Tech Q3 Review - Overall, Maintains Consistent Financial Performance: Yes Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Overall, L&T Technology Services Ltd.'s revenue and margin performance in the quarter was broadly inline with expectation. Demand environment continues to remain robust in all the operating segments of the company.The company is well placed to meet its FY22 growth guidance of 19‐ 20% in U.S. dollar terms. Positive operating leverage and continued focus on productivity measures should enable Ebit margin above 18% plus. During the quarter, L&T Tech won a $45 million deal and a total of three deals with total contract value of $10 mn plus. Added 2,135 employees in the quarter to reach 20,118 employees. Last twelve months attrition increased by 100 basis points QoQ to 17.5%, in line with industry trend. Utilisation was down 220 bps QoQ to 75.9%..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

L&T Tech Q3 Review - Overall, Maintains Consistent Financial Performance: Yes Securities

L&T Tech Q3 Review - Overall, Maintains Consistent Financial Performance: Yes Securities

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