L&T Technology Services (LTTS) reported 12.4% rise in consolidated net profit to Rs 186.10 crore on a 6.6% rise in revenue to Rs 1400.70 crore in Q3 FY21 over Q2 FY21.
However, as compared to Q3 FY20, the company s net profit and revenue have declined by 8.8% and 1.6%, respectively.
In dollar terms, revenue stood at $190.1 million for the quarter; up 6.8% quarter-on-quarter (QoQ) and down 4.6% year-on-year (YoY). In constant currency, revenue was up 6.6% QoQ and down 5.2% YoY.
EBIT jumped 18.4% in the third quarter 213.2 crore from Rs 180.1 crore in the second quarter. EBIT margin was at 15.2% as on 31 December 2020 as against 13.7% as on 30 September 2020.
During the quarter, LTTS won 7 deals with TCV of $10 million plus, which includes a $100 million plus deal and two $15 million plus deals. Revenues from digital and leading-edge technologies stood at 49% during the quarter.