L&T Technology Q1 Review - Impressive Operational Performance: Prabhudas Lilladher

An attendee types on a cyrillic laptop computer keyboard (Photographer: Andrey Rudakov/Bloomberg).

L&T Technology Q1 Review - Impressive Operational Performance: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

L&T Technology Services Ltd. reported strong growth of up 4.2% QoQ U.S. dollar (our estimate: 3.7%, consensus: 2.7%), despite Covid-19-led supply side challenges.

Growth was broad-based with four out five segments growing 4%-8% QoQ, led by industrial products (up 7.8% QoQ U.S. dollar).

Consistent improvement in Ebit margin for four consecutive quarters led to above pre-Covid-19 level margins of 17.3% up 68 basis points QoQ, up 220 bps higher than our estimates.

This is driven by consistent shift towards high margin digital engineering portfolio.

The company reported healthy deal win total contract value with six new deals, which includes two $25 million plus deals and four deals $10 million plus deals.

Click on the attachment to read the full report:

Prabhudas Lilladher LTTS Q1FY22 Result Update.pdf


This 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.

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