L&T Technology Services : Q4FY17 result
Amir Shaikh / 03 May 2017
The company reported PAT of Rs 96.5 crore, which represents a sequential QoQ decline of 11.14 per cent and a YoY decline of 11.55 per cent.
L&T Technology Services Ltd. reported its results for the quarter ended March 31, 2017 today.
The company's total sales for Q4FY17 came in at Rs 812.3 crore, which represents a 0.23 per cent sequential increase and 1.36 per cent YoY increase. North America contributed 63.3 per cent to total revenue of the company followed by Europe 17.3 per cent. The company generated 49.2 per cent revenue from onsite and 50.8 per cent from offshore. Further, top 20 clients contributed 51.5 per cent to total revenue.
The company's operating profit (EBIT) for the quarter amounted to Rs 119.1 crore and its EBIT margin stood at 14.66 per cent.
The company reported PAT of Rs 96.5 crore, which represents a sequential QoQ decline of 11.14 per cent and a YoY decline of 11.55 per cent.
The company’s utilisation for the quarter was at 74.2 per cent.
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