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L&T Technology Services reports 65% rise in Q4 consolidated net profit

23 May 2018 Evaluate

L&T Technology Services has reported results for the fourth quarter and year ended March 31, 2018.

The company has reported a rise of 59.40% in its net profit at Rs 148.40 crore for the quarter ended March 31, 2018 as compared to Rs 93.10 crore for the same quarter in the previous year. Total income of the company increased by 34.76% at Rs 1051.00 crore for quarter under review as compared to Rs 779.90 crore for the quarter ended March 31, 2017.

On consolidated basis, the company has reported a rise of 65.42% in its net profit of Rs 158.80 crore for the quarter ended March 31, 2018 as compared to Rs 96.00 crore for the corresponding quarter in the FY17. Total consolidated income of the company increased by 38.59% at Rs 1130.30 crore for quarter under review as compared to Rs 815.60 crore for the same quarter ended previous year.

For the year ended March 31, 2018, the company has posted a rise of 9% in its net profit at Rs 489.40 crore as compared to Rs 449.00 crore for the previous year. Total income of company increased by 16.66% at Rs 3694.70 crore for year under review as compared to Rs 3167.10 crore for the year ended March 31, 2017.

For the year ended March 31, 2018, on the consolidated basis, the company has posted a rise of 19.09% in its net profit at Rs 506.00 crore as compared Rs 424.90 crore for the previous year. Total consolidated income of company increased by 19.17% at Rs 3940.50 crore for year under review as compared to Rs 3306.50 crore for the year ended March 31, 2017.

L&T Technology Serv. Share Price

3488.50 39.50 (1.15%)
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