L&t Technology Services Ltd. · NSE:LTTS
L&t Technology Services — Q1 FY25 Earnings Presentation
18 slides from L&t Technology Services's earnings presentation, Jul 18, 2024
Slide 1: Exchange filing cover letter: Press Release and Investor Release
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 July 18, 2024 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai
Slide 2: L&T Technology Services reports 7% growth in Q1FY25
L&T Technology Services reports 7% growth in Q1FY25 Q1 Revenue of ₹2,462 crore, up 7% YoY Q1 Net profit of ₹314 crore, up 1% YoY Mumbai, July 18, 2024: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineering services company, announced its results for the firs
Slide 3: Recognitions, patents, human resources and company overview
▪ LTTS has been rated as leaders in the Connected Product Engineering Services PEAK Matrix® Assessment 2024 in Embedded Engineering by Everest Group. Patents At the end of Q1FY25, the patents portfolio of L&T Technology Services stood at 1,343, out of which 853 are co-authored with its customers and
Slide 4: First Quarter FY25 Results
ENGINEERING THE CHANGE L&T TECHNOLOGY SERVICES LIMITED FIRST QUARTER | FY25 RESULTS Investor Release | Mumbai, India, July 18, 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
FINANCIAL HIGHLIGHTS REVENUE IN INR • Revenue of ₹24,619 million for the quarter; down 3.0% QoQ and up 7.0% YoY REVENUE IN USD • Revenue of $295.2 million for the quarter; down 3.3% QoQ and up 5.4% YoY; in constant currency down 3.1% QoQ and up 6.1% YoY PROFIT IN INR • EBIT of ₹3,836 million for the
Slide 7: Message from the CEO & Managing Director
MESSAGE FROM THE CEO & MANAGING DIRECTOR We are making good progress with our ‘Go Deeper to Scale’ strategy and the simplification of our organization structure into three main segments. Mobility grew by 6% sequentially and is now a USD 400 million plus annual business on a run- rate basis. The stro
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 global automotive supplier has awarded LTTS an additional $30 million deal in their Ultra-Low Emissions Engineering program, deli
Slide 9: Key Deal Wins (continued)
• LTTS secured a major deal to provide Value Engineering/Component Engineering (VE/CE) Outsourced Services to a leading American conglomerate. LTTS will support their VE/CE COE, serving several global business units. • An Australian petroleum company has awarded LTTS a 3-year deal for the “Front End
Slide 10: Financial Performance: Income Statement
FINANCIAL PERFORMANCE INCOME STATEMENT (CONSOLIDATED) Amount in ₹ million Q1 FY24 Q4 FY24 Q1 FY25 QoQ YoY Revenue 23,014 25,375 24,619 -3.0% 7.0% Cost of sales 16,101 18,050 17,403 Gross Profit 6,913 7,325 7,216 -1.5% 4.4% Selling, General & Administration Expenses 2,385 2,297 2,654 EBITDA 4,528 5,0
Slide 11: Other Income
Amount in ₹ million OTHER INCOME Q1 FY24 Q4 FY24 Q1 FY25 Income from investments, net 338 369 373 Foreign exchange gains/(loss) 100 143 83 Others -81 -84 35 Total 357 428 491 PAGE 8 L&T TECHNOLOGY SERVICES | Q1 FY 25 - QUARTERLY RESULT
Slide 12: Balance Sheet and Cash Flow Summary
BALANCE SHEET (CONSOLIDATED) Amount in ₹ million FY24 Q1 FY25 Assets Property and equipment 10,009 9,445 Intangible Assets and Goodwill 6,248 6,264 Accounts Receivable 28,277 28,657 Unbilled Revenues 4,280 6,494 Investments 14,927 10,529 Cash and Cash equivalents 13,905 17,310 Other current assets 2
Slide 13: Operational Performance
OPERATIONAL PERFORMANCE QoQ YoY In Constant Currency Q1 FY24 Q4 FY24 Q1 FY25 Growth Growth QoQ Growth YoY Growth Revenue (USD Mn) 280.0 305.1 295.2 -3.3% 5.4% -3.1% 6.1% REVENUE BY VERTICAL Q1 FY24 Q4 FY24 Q1 FY25 QoQ Growth YoY Growth Mobility 32.7% 32.0% 35.2% 6.4% 13.4% Sustainability 31.5% 30.0%
Slide 14: Revenue Mix, Project Type and Client Profile
REVENUE MIX Q1 FY24 Q4 FY24 Q1 FY25 Onsite 40.7% 41.3% 41.1% Offshore 59.3% 58.7% 58.9% REVENUE BY PROJECT TYPE Q1 FY24 Q4 FY24 Q1 FY25 Fixed Price 35.6% 39.5% 36.9% Time and Material Contract 64.4% 60.5% 63.1% CLIENT PROFILE Q1 FY24 Q4 FY24 Q1 FY25 Number of Active Clients 357 381 378 30 Million do
Slide 15: Client Contribution, Employee Statistics, Exchange Rate
CLIENT CONTRIBUTION TO REVENUE Q1 FY24 Q4 FY24 Q1 FY25 Top 5 Clients 14.7% 15.4% 15.0% Top 10 Clients 25.9% 26.4% 26.3% Top 20 Clients 41.4% 40.6% 41.3% Client contribution is based on LTM (Last Twelve Months) revenue EMPLOYEE STATISTICS Q1 FY24 Q4 FY24 Q1 FY25 Total Headcount 23,392 23,812 23,577 B
Slide 16: Industry Recognitions and Other Highlights
INDUSTRY RECOGNITIONS • LTTS has been officially recognized as a Great Place to Work™ in the United States for the first time ever, and as a Great Place to Work™ in Poland for the second time in a row. • LTTS was recognized as the Most Innovative Company of the Year 2024 – 25 by ET Now. • Won the FI
Slide 17: Patents and Corporate Social Responsibility
PATENTS At the end of Q1FY25, the patents portfolio of L&T Technology Services stood at 1,343, out of which 853 CORPORATE are co-authored SOCIAL with its customers and the rest are filed by LTTS. RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY As part of its Social Responsibility mandate, LTTS undert
Slide 18: 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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