L&t Technology Services Ltd. · NSE:LTTS
L&t Technology Services — Q4 FY24 Earnings Presentation
17 slides from L&t Technology Services's earnings presentation, Apr 25, 2024
Slide 1: Press Release and Investor Release cover letter to exchanges
L&T Technology Services Limited A.M. Naik Tower,6th Floor, L&T Campus, Gate No.3, Jogeshwari-Vikhroli Link Road, Powai, Mumbai-400072. www.ltts.com April 25, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex Phiroze Jeejeebhoy Towers, Bandra (East), Mumba
Slide 2: LTTS reports 5% QoQ revenue growth in Q4 and Net Profit of ₹1,300 crore plus in FY24
L&T Technology Services reports 5% QoQ revenue growth in Q4 and Net Profit of ₹1,300 crore plus in FY24 FY24 Revenue growth of 17.9% in constant currency^ FY24 Revenue of ₹9,647 crore, up 9% YoY FY24 Net profit of ₹1,304 crore, up 8% YoY Mumbai, April 25, 2024: L&T Technology Services Limited (BSE:
Slide 3: Go Deeper to Scale strategy, recognitions, patents and human resources
We are now embarking on the next stage of growth with a ‘Go Deeper to Scale’ strategy under which we will streamline our organization into 3 segments – Mobility, Sustainability and Hi- Tech. This cohesive structure will enhance our agility and domain specialization to unlock higher value for custome
Slide 4: Fourth Quarter FY24 Results - Investor Release
ENGINEERING THE CHANGE L&T TECHNOLOGY SERVICES LIMITED FOURTH QUARTER | FY 24 RESULTS Investor Release | Mumbai, India, April 25, 2024
Slide 5: Safe Harbour Statement
SAFE HARBOUR STATEMENT Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. L&T Technology Ser
Slide 6: Financial Highlights Q4 FY24
FINANCIAL HIGHLIGHTS Effective April 1, 2023, LTTS completed the acquisition of Smart World & Communication (SWC) Business of L&T. In compliance with Ind AS requirements applicable to common control transactions, all previous period financials have been re-stated to include the SWC Business. As a re
Slide 7: Message from the CEO & Managing Director
MESSAGE FROM THE CEO & MANAGING DIRECTOR We delivered 17.9% revenue growth^ in FY24 and crossed the $1.2B run rate 12 months after we moved past the $1B mark. In Q4, we had a strong sequential growth of 5.1% which was led by Telecom & Hitech and Plant Engineering. Our deal wins were healthy with one
Slide 8: Performance Highlights: Key Deal Wins
PERFORMANCE HIGHLIGHTS KEY DEAL WINS LTTS closed several multi-million dollar projects from global customers across segments. The major wins are listed below: • LTTS has won a first-of-its-kind program in India worth around $100 million (INR 800 Crore) from Maharashtra State Cyber Department, under
Slide 9: Financial Performance: Income Statement (Consolidated)
FINANCIAL PERFORMANCE INCOME STATEMENT (CONSOLIDATED) Amount in ₹ million Q4 FY23 Q3 FY24 Q4 FY24 QoQ YoY FY23 FY24 YoY Revenue 23,706 24,218 25,375 4.8% 7.0% 88,155 96,473 9.4% Cost of sales 16,559 17,141 18,050 61,330 68,467 Gross Profit 7,147 7,077 7,325 3.5% 2.5% 26,825 28,005 4.4% Selling, Gene
Slide 10: Other Income
Amount in ₹ million OTHER INCOME Q4 FY23 Q3 FY24 Q4 FY24 FY23 FY24 Income from investments, net 390 305 369 1,196 1,318 Foreign exchange gains/(loss) 75 159 143 676 502 Others -75 29 -84 -284 -256 Total 390 493 428 1,588 1,564 Note: All previous period financials have been re-stated to include the S
Slide 11: Balance Sheet and Cash Flow Summary (Consolidated)
BALANCE SHEET (CONSOLIDATED) Amount in ₹ million FY23 FY24 Assets Property and equipment 6,692 10,009 Intangible Assets and Goodwill 6,402 6,248 Accounts Receivable 28,066 28,277 Unbilled Revenues 4,684 4,280 Investments 22,840 14,927 Cash and Cash equivalents 6,899 13,905 Other current assets 3,033
Slide 12: Operational Performance: Revenue by Vertical and Geography
OPERATIONAL PERFORMANCE QoQ YoY In Constant Currency Q4 FY23 Q3 FY24 Q4 FY24 Growth Growth QoQ Growth YoY Growth Revenue (USD Mn) 288.4 290.7 305.1 5.0% 5.8% 5.1% 6.3% In Constant Currency FY23 FY24 YoY Growth YoY Growth Revenue (USD Mn) 1,089.3 1,163.9 6.9% 7.0% REVENUE BY VERTICAL Q4 FY23 Q3 FY24
Slide 13: Revenue Mix, Project Type and Client Profile
REVENUE MIX Q4 FY23 Q3 FY24 Q4 FY24 FY23 FY24 Onsite 38.0% 41.3% 41.3% 39.7% 40.9% Offshore 62.0% 58.7% 58.7% 60.3% 59.1% REVENUE BY PROJECT TYPE Q4 FY23 Q3 FY24 Q4 FY24 FY23 FY24 Fixed Price 37.3% 38.5% 39.5% 34.5% 37.4% Time and Material Contract 62.7% 61.5% 60.5% 65.5% 62.6% CLIENT PROFILE Q4 FY2
Slide 14: Client Contribution, Employee Statistics, Exchange Rate
CLIENT CONTRIBUTION TO REVENUE Q4 FY23 Q3 FY24 Q4 FY24 Top 5 Clients 14.6% 15.7% 15.4% Top 10 Clients 25.6% 26.6% 26.4% Top 20 Clients 40.8% 41.7% 40.6% Client contribution is based on LTM (Last Twelve Months) revenue EMPLOYEE STATISTICS Q4 FY23 Q3 FY24 Q4 FY24 Total Headcount 23,074 23,298 23,812 B
Slide 15: Industry Recognitions
INDUSTRY RECOGNITIONS • Collins Aerospace recognized L&T Technology Services as top Supplier of the Year. LTTS is the sole recipient of this award for delivering high end engineering solutions • ISG has rated LTTS in the leadership zone across Digital Engineering Services for - Design and Developmen
Slide 16: Patents, University Collaborations and CSR
PATENTS At the end of Q4FY24, the patents portfolio of L&T Technology Services stood at 1,296, out of which 833 CORPORATE are co-authored SOCIAL with its customers and the rest are filed by LTTS. RESPONSIBILITY UNIVERSITY COLLABORATIONS • Collaboration with at IIT Hyderabad’s Technology Innovation H
Slide 17: About L&T Technology Services
ABOUT L&T TECHNOLOGY SERVICES L&T Technology Services Limited (LTTS) is a listed subsidiary of Larsen & Toubro Limited focused on Engineering and R&D (ER&D) services. We offer consultancy, design, development and testing services across the product and process development life cycle. Our customer ba
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