L&T Technology Services Ltd.

L&T Technology Services (LTTS) has reported results for fourth quarter and year ended March 31, 2021.

The company has reported a marginal fall of 0.05% in its net profit at Rs 190.60 crore for the quarter under review as compared to Rs 190.70 crore for the same quarter in the previous year. Total income of the company decreased by 3.45% at Rs 1,339.50 crore for Q4FY21 as compared Rs 1,387.40 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 5.03% in its net profit attributed to the owners at Rs 194.50 crore for the quarter under review as compared to Rs 204.80 crore for the same quarter in the previous year. Total income of the company decreased by 2.18% at Rs 1,475.10 crore for Q4FY21 as compared Rs 1,508 crore for the corresponding quarter previous year.

For the year ended March 31, 2021, the company has reported a fall of 14.80% in its net profit at Rs 673.10 crore as compared to Rs 790 crore for the previous year. Total income of the company decreased by 4.73% at Rs 5,138.30 crore for year under review as compared to Rs 5,393.60 crore for year ended March 31, 2020.

For the year ended March 31, 2021, on the consolidated basis, the company has reported a fall of 18.97% in its net profit attributed to the owners at Rs 663.30 crore as compared to Rs 818.60 crore for the previous year. Total income of the company decreased by 3.86% at Rs 5,603.40 crore for year under review as compared to Rs 5,828.20 crore for year ended March 31, 2020.