L&T Tech Net Earnings Increases 39% To Rs 230 Crore In September Quarter

INSUBCONTINENT EXCLUSIVE:
Shares of L&T Tech settled 5.53 per cent greater at Rs 5,123.40 apiece on the BSEL&T Innovation Solutions Limited - subsidiary of facilities
corporation Larsen - & Toubro, announced its July-September quarter results for the financial year 2021-22, reporting a net revenue of Rs
230 crore on a combined basis, compared to Rs 165.5 crore in the matching period in 2015, marking a growth of 39 per cent year-on-year
The company's earnings from operations in the 2nd quarter of the existing fiscal stood at Rs 1,607.7 crore, compared to Rs 1,313 crore in
the exact same duration last year, registering a development of 22.4 per cent year-on-year, according to a regulative filing by the business
to the stock exchanges today
During the September quarter, L&T Tech won 5 deals with TCV of over $10 million, that includes 2 $25 million plus offers
The business's board stated an unique dividend of Rs
10 per equity share
We had a strong quarter with 6 per cent sequential growth in continuous currency driven by healthy traction in digital engineering across
all our five sections
The rising digital adoption throughout our client base has caused our revenue from digital - & leading-edge technologies increasing to 55
per cent in Q2.Our broad-based development was accompanied by a rise in operating margin which at 18.4 per cent is the greatest we have
reported
We will continue the journey of investing in development labs and capability structure, that has actually yielded us gains in market share
and operating model efficiency , said Amit Chadha, CEO - & Managing Director, L&T Technology Providers Limited.On Tuesday, October 19,
shares of L&T Tech settled 5.53 per cent higher at Rs 5,123.40 apiece on the BSE
L&T Tech's shares rallied around six percent today ahead of the statement of quarterly outcomes