LTTS Q4 net profit rises 18%

Larsen & Toubro Technology Services reported an 18.2% jump in net profit, over the previous year, for the fourth quarter ended in March to ₹309 crore, in line with analyst estimates in a quarter hit by higher number of non-working days and budget adjustments by clients. Revenue grew 19.4% during the same period to ₹2,096 crore, beating estimates.

On a sequential basis, profit grew 2% and revenue grew 2.3%.

For the full fiscal, revenue grew 22% to Rs ₹8,013 crore while profit also jumped 22% to cross the ₹1,000 crore milestone at ₹1,169 crore.