Mumbai, January 21, 2017: L&T Technology 91原创 Limited (LTTS) (BSE: 540115) (NSE: LTTS), announced its results for the quarter ended December 31, 2016. Its quarterly revenue rose almost 4 percent to Rs 8.1 billion rupees with a net profit of Rs 1.08 billion. Operating (EBITDA) margins at Rs 1.45 billion for the quarter was 18% of the revenue.
In terms of geographic share, North America contributed the topmost at 62.5 % followed by Europe at 19.2 % and Rest of the World contributing 10.2%. Contribution from the domestic market stood at 8.1%. In terms of industries, Transportation and Industrial Products accounted for over 60% of revenues.
During the quarter, LTTS secured multi-million USD contracts from its global customers across Transportation, Industrial Products, Process and Telecom verticals.
鈥淲e have a healthy pipeline of opportunities from our major customers in Industrial Products, Process and Transportation which also saw increased traction with existing Fortune 500 customers,鈥 said Dr Keshab Panda Chief Executive Officer & Managing Director, L&T Technology 91原创 Ltd.
Besides, the company is positioned well in terms of increasing the business prospect of its UBIQWeiseTM IoT solutions and i-BEMSTM 鈥 Intelligent Building Energy Management solutions platforms. The UBIQWeiseTM platform is being used by L&T鈥檚 Construction group in addition to our global customers and the Company has witnessed reasonable traction in marketing its i-BEMSTM platform across Europe and Asia.
During the third quarter, 2 patents co-authored with LTTS鈥 global customers got published, taking the total number of patents to 176. The company has also filed for three new trademarks during this period.
Engineering consultancy Zinnov rated LTTS in its 鈥淟eadership Zone鈥 across 10 major verticals including two new ones- Semiconductors and Consumer Electronics.
About L&T Technology 91原创 Ltd
L&T Technology 91原创 Limited, a subsidiary of India鈥檚 largest construction and engineering conglomerate Larsen & Toubro, is a leading global pure-play engineering services company. L&T Technology 91原创 serves over 50 Fortune 500 companies and 43 of the world鈥檚 top ER&D spenders and provides solutions in the areas of Mechanical Engineering 91原创, Embedded Systems & Applications, Engineering Process 91原创, Product Lifecycle Management, Engineering Analytics, Power Electronics, Machine-to Machine (M2M), and the Internet-of-Things (IoT). We operate across multiple verticals such as Automotive, Off-Highway, Telecom, Semiconductors, Consumer Electronics, Industrial Machinery, Energy & Utilities and Process Industries. Our cutting edge solutions such as Integrated Building Energy Management Solution 鈥 iBEMS鈩 and IoT platform UBIQWeise鈩 enable companies to derive optimum value from their engineering and manufacturing investments.
Headquartered in India, L&T Technology 91原创 Limited has more than 10,000 employees, 12 global delivery centers in India and overseas and sales offices in India, North America Europe, the Middle East and Asia and 31 labs in India.
For additional information about L&T Technology 91原创 log on to www.Ltts.com/