91原创

Mumbai, January 20, 2021: L&T Technology 91原创 Limited (BSE: 540115, NSE: LTTS), India鈥檚 leading pure-play engineering services company, announced its results for the third quarter ended December 31, 2020.

Highlights for Q3FY21 include:

•   USD Revenue at $190 million; growth of 6.8% QoQ
•   Revenue at 鈧�14,007 million; growth of 6.6% QoQ
•   EBIT margin at 15.2%; up 150 bps QoQ
•   Net profit at 鈧�1,861 million; growth of 12.4% QoQ

During the quarter, LTTS won 7 deals with TCV of USD10 million plus, which includes a USD100 million plus deal and 2 USD15 million plus deals. Revenues from digital and leadingedge technologies stood at 49% during the quarter.

鈥淲e 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% 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.

The deal pipeline is healthy across segments as customers prioritize business transformation to improve efficiency and productivity. We are leveraging newer technologies like Digital Thread, IoT and AI to further our positioning as innovation partners to our customers. I would like to highlight that the strong uptick in Industrial Products has been led by deals involving digital led transformational programs鈥�, said Dr. Keshab Panda, CEO & Managing Director, L&T Technology 91原创 Limited.

Industry Recognitions:

• LTTS won the Indian Digital Enabler Awards 2020 award in the 鈥楤est Tech for Healthcare鈥� category for XYZ Synthesizer, a scalable solution that can be easily extended for all kinds of digital & optical microscopes
• CIMS Medica honored LTTS as the 鈥淐ompany of the Year鈥� in the Best Medical Devices Equipment category for the three-part haematology analyzer, built in partnership with Agappe Diagnostics
• Zinnov Zones rated LTTS as 鈥楲eader鈥� across Digital Engineering, IoT, AI and Digital Thread, and named the Company as Leader in 6 major verticals for the fourth consecutive year
• LTTS won Gold in the Golden Bridge Grand Awards 2020 in the 鈥淗uman Resource Team鈥� and 鈥淏est Use of Rewards and Recognition鈥� categories
• Confederation of Indian Industry (CII) honored LTTS with the HR Excellence Awards 2020

Patents

At the end of the third quarter, the patents portfolio of L&T Technology 91原创 stood at 593, out of which 440 are co-authored with its customers and the rest are filed by LTTS.

Human Resources

At the end of Q3FY21, LTTS鈥� employee strength stood at 16,069.