L&T Technology Services Ltd. Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 23, 2018 at 04:18 pm IST
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L&T Technology Services Ltd. announced unaudited consolidated and standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter on standalone basis, the company reported total income of INR 9,504 million compared to INR 7,963 million a year ago. Profit from ordinary activities before finance cost and exceptional items was INR 1,701 million compared to INR 1,564 million a year ago. Profit from ordinary activities before tax was INR 1,701 million compared to INR 1,564 million a year ago. Net profit for the period was INR 1,196 million or INR 11.38 per diluted share compared to INR 1,178 million or INR 11.13 per diluted share a year ago.
For the nine months on standalone basis, the company reported total income was INR 26,437 million compared to INR 23,871 million a year ago. Profit from ordinary activities before finance cost and exceptional items was INR 4,762 million compared to INR 4,804 million a year ago. Profit from ordinary activities before tax was INR 4,762 million compared to INR 4,804 million a year ago. Net profit for the period was INR 3,410 million or INR 32.48 per diluted share compared to INR 3,559 million or INR 33.15 per diluted share a year ago.
For the quarter on consolidated basis, the company reported total income was INR 10,126 million compared to INR 8,274 million a year ago. Profit from ordinary activities before finance cost and exceptional items was INR 1,766 million compared to INR 1,473 million a year ago. Profit from ordinary activities before tax was INR 1,766 million compared to INR 1,473 million a year ago. Net profit attributable to shareholders of the company was INR 1,263 million or INR 12.00 per diluted share compared to INR 1,087 million or INR 10.26 per diluted share a year ago. EBITDA was INR 1,485 million compared to INR 1,457 million a year ago. EBIT was INR 1,340 million compared to INR 1,308 million a year ago.
For the nine months on consolidated basis, the company reported total income was INR 28,102 million compared to INR 24,910 million a year ago. Profit from ordinary activities before finance cost and exceptional items was INR 4,843 million compared to INR 4,566 million a year ago. Profit from ordinary activities before tax was INR 4,843 million compared to INR 4,566 million a year ago. Net profit attributable to shareholders of the company of INR 3,472 million or INR 33.06 per diluted share compared to INR 3,289 million or INR 30.52 per diluted share a year ago.
L&T Technology Services Limited is an India-based engineering research and development (ER&D) services provider. The Company offers consultancy, design, development and testing services across the product and process development life cycle. The Company operates in three segments: Mobility, Sustainability, and Hi-Tech. The Mobility segment encompasses automotive, commercial vehicles and aerospace verticals. The Sustainability segment covers industrial machinery and building technology, electric and power, fast-moving consumer goods (FMCG), and oil and gas. The Hi-Tech segment includes MedTech, semiconductors, consumer electronics, hyperscalers, and NexGen Comm verticals. It operates its technology areas into three horizontals: artificial intelligence (AI) and Software Defined Everything (SDx), embedded systems, and digital manufacturing solutions. It serves approximately 69 Fortune 500 companies and 57 ER&D companies.
L&T Technology Services Ltd. Announces Unaudited Consolidated and Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017