L&T Technology Services Ltd.

L&T Technology Services has reported results for fourth quarter and year ended March 31, 2022.

The company has reported a rise of 26.92% in its net profit at Rs 241.90 crore for the quarter under review as compared to Rs 190.60 crore for the same quarter in the previous year. Total income of the company increased by 18.70% at Rs 1,590 crore for Q4FY22 as compared Rs 1,339.50 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 34.77% in its net profit at Rs 263.20 crore for the quarter under review as compared to Rs 195.30 crore for the same quarter in the previous year. Total income of the company increased by 21.89% at Rs 1,798 crore for Q4FY22 as compared Rs 1,475.10 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported a rise of 36.46% in its net profit at Rs 918.50 crore as compared to Rs 673.10 crore for the previous year. Total income of the company increased by 17.30% at Rs 6,027.40 crore for year under review as compared to Rs 5,138.30 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported a rise of 44.13% in its net profit at Rs 960.60 crore as compared to Rs 666.50 crore for the previous year. Total income of the company increased by 19.96% at Rs 6,722.10 crore for year under review as compared to Rs 5,603.40 crore for year ended March 31, 2021.