• Revenue at ₹56,191 million; growth of 11%
• USD Revenue at $786 million; constant currency growth of 9.3%
• EBIT margin at 16.5%; up 50bps • Net profit at ₹8,186 million; growth of 7%
• Board has recommended a final dividend of ₹13.50 per share Highlights for Q4FY20 include:
• Revenue at ₹14,466 million; growth of 8% YoY
• USD Revenue at $195.4 million; growth of 3.4% YoY in constant currency
• Net profit at ₹2,048 million; growth of 7% YoY During the quarter, LTTS won 9 multi-million dollar deals across all major industry segments which includes one deal with TCV of USD30mn plus.
On a YoY basis, LTTS has increased its USD20mn+ clients by 3 and its USD10mn+ clients by 5. “We closed FY20 with 11% revenue growth accompanied by an improvement in operating margin despite multiple headwinds through the year – starting with Telecom & Hitech segment in Q1FY20 and ending with Covid-19 in Q4FY20.
While Covid-19 is an ongoing challenge, we have continued to be the reliable and preferred partner to our customers while at the same time taking care of the health and safety of our employees. In response to the pandemic, LTTS has rolled out a suite of digital offerings, including i-BEMS Shield for safe workplaces and Frugal Manufacturing to help enterprises transfer or prioritize their manufacturing & production lines.
The near-term outlook for the world economy appears uncertain as a result of the fallout from the global pandemic, however we see this crisis accelerating the trend of customers seeking credible partners who bring capability and speed-to-market. We believe this will lead to greater consolidation and enable us to expand engagement scopes once customers adjust and redraw their business plans under a new normal.
