L&t Technology Services Ltd. · NSE:LTTS
L&t Technology Services — Q4 FY23 Earnings Presentation
17 slides from L&t Technology Services's earnings presentation, Apr 26, 2023
Slide 1: Exchange filing cover letter
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 26, 2023 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex Phiroze Jeejeebhoy Towers, Bandra (East), Mumba
Slide 2: L&T Technology Services reports 22% revenue growth and record high margins in FY23
L&T Technology Services reports 22% revenue growth and record high margins in FY23 FY23 Revenue of ₹8,014 crore, up 22% YoY FY23 Net profit of ₹1,170 crore, up 22% YoY Mumbai, April 26, 2023: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services com
Slide 3: Awards & Recognitions, Patents, Human Resources, About LTTS
Awards & Recognitions: LTTS has been awarded ‘BIG Innovation Award’ for Innovation in IoT for EDGYneer by the Business Intelligence Group The 13th Aegis Graham Bell Awards honoured LTTS in Award of Excellence for Innovation in Charging Network LTTS has been recognized as a Partner-level Suppli
Slide 4: L&T Technology Services Fourth Quarter FY23 Results
ENGINEERING THE CHANGE L&T TECHNOLOGY SERVICES LIMITED FOURTH QUARTER - FY 23 RESULTS Investor Release Mumbai, India, April 26, 2023 MedTech 5G AI & Digital Products Sustainability Digital Manufacturing EACV
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
FINANCIAL HIGHLIGHTS Q4 FY23 • Revenue of ₹20,962 million for the quarter; growth of 2.3% QoQ and 19.4% YoY • Revenue of $255.1 million for the quarter; a growth of 2.8% QoQ and 9.9% YoY; in constant currency, a growth of 2.2% QoQ and 12.1% YoY • EBIT of ₹3,927 million for the quarter; EBIT margin a
Slide 7: Message from the CEO & Managing Director
MESSAGE FROM THE CEO & MANAGING DIRECTOR FY23 was a landmark year as we crossed a billion dollars in revenue run rate, ₹1,000 crores in annual profits and 1,000 patent filings. Our diversified industry presence has enabled us to grow revenues consistently. The 16% constant currency growth for the ye
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: • A leading North American transportation major awarded LTTS a $40 million contract to support them in fleet modernization across areas of ve
Slide 9: Financial Performance
FINANCIAL PERFORMANCE INCOME STATEMENT (CONSOLIDATED) Amount in ₹ million Q4 FY22 Q3 FY23 Q4 FY23 QoQ YoY FY22 FY23 YoY Revenue 17,561 20,486 20,962 2.3% 19.4% 65,697 80,136 22.0% Cost of sales 11,765 13,716 14,159 43,791 53,981 Gross Profit 5,796 6,770 6,803 0.5% 17.4% 21,906 26,155 19.4% Selling,
Slide 10: Other Income
Amount in ₹ million OTHER INCOME Q4 FY22 Q3 FY23 Q4 FY23 FY22 FY23 Income from investments, net 215 327 398 753 1,206 Foreign exchange gains/(loss) 207 393 74 905 728 Others -108 -93 -80 -571 -289 Total 314 627 392 1,087 1645 PAGE 7 L&T TECHNOLOGY SERVICES | Q4 FY 23 - QUARTERLY RESULT
Slide 11: Balance Sheet and Cash Flow Summary
BALANCE SHEET (CONSOLIDATED) Amount in ₹ million FY22 FY23 Assets Property and equipment 6,496 6,602 Intangible Assets and Goodwill 6,430 6,402 Accounts Receivable 16,959 17,301 Unbilled Revenues 2,610 3,197 Investments 14,779 22,840 Cash and Cash equivalents 6,742 6,899 Other current assets 3,022 2
Slide 12: Operational Performance
OPERATIONAL PERFORMANCE QoQ YoY In Constant Currency Q4 FY22 Q3 FY22 Q4 FY23 Growth Growth QoQ Growth YoY Growth Revenue (USD Mn) 232.0 248.0 255.1 2.8% 9.9% 2.2% 12.1% In Constant Currency FY22 FY23 YoY Growth YoY Growth Revenue (USD Mn) 880.2 989.7 12.4% 15.8% REVENUE BY VERTICAL Q4 FY22 Q3 FY23 Q
Slide 13: Revenue Mix, Project Type, Client Profile
REVENUE MIX Q4 FY22 Q3 FY23 Q4 FY23 FY22 FY23 Onsite 45.4% 43.0% 43.0% 42.4% 43.7% Offshore 54.6% 57.0% 57.0% 57.6% 56.3% REVENUE BY PROJECT TYPE Q4 FY22 Q3 FY23 Q4 FY23 FY22 FY23 Fixed Price 28.6% 28.6% 29.1% 30.3% 27.9% Time and Material Contract 71.4% 71.4% 70.9% 69.7% 72.1% CLIENT PROFILE Q4 FY2
Slide 14: Client Contribution, Employee Statistics, Exchange Rate
CLIENT CONTRIBUTION TO REVENUE Q4 FY22 Q3 FY23 Q4 FY23 Top 5 Clients 17.2% 16.0% 15.9% Top 10 Clients 28.3% 26.6% 26.6% Top 20 Clients 43.5% 42.1% 42.0% Client contribution is based on LTM (Last Twelve Months) revenue EMPLOYEE STATISTICS Q4 FY22 Q3 FY23 Q4 FY23 Total Headcount 20,861 21,649 22,233 B
Slide 15: Industry Recognitions
INDUSTRY RECOGNITIONS • LTTS was conferred with the ‘BIG Innovation Award’ for Innovation in IoT for EDGYneer by the Business Intelligence Group • The 13 Aegis Graham Bell Awards honored LTTS in the ‘Innovation in EV Infrastructure’ category for its industry-leading EV Charging th Infrastructure • L
Slide 16: Patents and Corporate Social Responsibility
PATENTS At the end of Q4FY23, the patents portfolio of L&T Technology Services stood at 1090, out of CORPORATE which 727 SOCIAL are co-authored with its customers and the remaining 363 are filed by LTTS. RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY The past quarter witnessed the sheer passion and
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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