L&T Technology Services Ltd. posted strong deal activity and its margins widened in the quarter ended December. The company expects the next quarter to be as good if not better.
In an interview with BloombergQuint’s Niraj Shah, Panda said lockdowns in Europe and Japan should delay decision-making and some deals. Coronavirus cases in the U.S., on the other hand, should reduce with the new government, he said.
The company refused to guide for the financial year 2021-22 but said it’s optimistic about future growth as digitisation takes greater hold across client companies.
“People have started using it, imbibing it etc., and we have seen work for us expand,” he said. “Our digital revenues now stand at 49% of our total revenues and we see that increasing as we go forward.”
Q3 Earnings Highlights
- Revenue up 7% to Rs 1,400.7 crore.
- Ebit rises 18% to Rs 213.20 crore.
- Ebit margins at 15.2% vs 13.7%.
- Net profit up 12% to Rs 187 crore.
Watch the full conversation here: