Chennai: Pure-play engineering services company, L&T Technology Services (LTTS) has announced its results for the fourth quarter and full year ended 31 March.
The firm has reported that its revenue grew at 36 per cent to Rs 5,058 crore while net profit stood at Rs 765.5 crore, up 51 per cent. The board has recommended a final dividend of Rs 13.5 per share
“We had an excellent year, growing ahead of the industry once again. Growth in FY19 was broad-based and we achieved our target of double-digit growth in all five of our industry segments. Digital and leading-edge technologies – the growth driver for ER&D, contributed to 33 per cent of FY19 revenues and grew by 58 per cent YoY. We see ourselves well positioned to partner our customers in their key priorities of digital transformation, product modernization and R&D productivity improvement,” said CEO and MD, L&T Technology Services Limited, Keshab Panda.