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L&T Technology Services reports Q3FY21 with growth across all five segments

L&T Technology Services reports Q3FY21 with growth across all five segments
ANI |
Updated: Jan 21, 2021 13:14 IST
Mumbai (Maharashtra) [India], January 21 (ANI/BusinessWire India): L&T Technology Services Limited, India s leading pure-play engineering services company, announced its results for the third quarter ended December 31, 2020.
Highlights for Q3FY21 include:
Revenue at Rs 14,007 million; growth of 6.6 per cent QoQ
EBIT margin at 15.2 per cent; up 150 bps QoQ
Net profit at Rs 1,861 million; growth of 12.4 per cent QoQ
During the quarter, LTTS won 7 deals with TCV of USD 10 million-plus, which includes a USD 100 million-plus deal and 2 USD15 million plus deals. Revenues from digital and leading-edge technologies stood at 49 per cent during the quarter. ....

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L & T Technology Services reports Q3FY21 with growth across all five segments

Highlights for Q3FY21 include:
Revenue at Rs 14,007 million; growth of 6.6 per cent QoQ
EBIT margin at 15.2 per cent; up 150 bps QoQ
Net profit at Rs 1,861 million; growth of 12.4 per cent QoQ
During the quarter, LTTS won 7 deals with TCV of USD 10 million-plus, which includes a USD 100 million-plus deal and 2 USD15 million plus deals. Revenues from digital and leading-edge technologies stood at 49 per cent during the quarter.
We had a strong performance with sequential improvement in both revenue and operating margin. All five of our industry segments grew sequentially, with three segments recording growth of 5 per cent plus. Deal wins were especially strong in the quarter helped by a marquee USD100M plus engagement with an O & G major - a validation of our best-in-class domain expertise and deep customer relationships. ....

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Ghana School of Railways begins operation

Ghana School of Railways begins operation
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The Ghana School of Railways and Infrastructure Development has started operations.
The school, which is part of the University of Mines and Technology, Tarkwa, offers only engineering courses.
The first batch of students reported to the school on Friday, January 15, 2021.
In 2021, the school is expected to admit some 300 students. Over the next four years, the school is looking to admit about 5,000 students.
For years (2017-2021), the Minister of Railways Development, Joe Ghartey, spearheaded the establishment of the school.
With the massive investments made in the railway sector by the Akufo-Addo government, the development of human resource capacity in the sector is expected to record a major boost. ....

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'Railway University' Officially Begins Operations In Ghana | Education

The Ghana School of Railways and Infrastructure Development has finally started operations.
The School of Railways and Infrastructure Development is part of the University of Mines and Technology, Tarkwa. All programmes being offered by the School are engineering courses.
On January 15, 2021, the first batch of students reported to the School and are currently undergoing orientation.
In 2021, the School is expected to admit some 300 students. Over the next four years, the School is looking to admit about 5,000 students.
The duration of each programme is four years.
For years (2017-2021), the Minister of Railways Development, Hon. Joe Ghartey, spearheaded the establishment of the School. ....

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