L&T Technology Services Limited (BOM: 540115)

L&T Technology Services Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	102,253	96,473	88,155	65,697	54,497	56,191
Other Revenue	-	-	-	-320	548	931
Revenue	102,253	96,473	88,155	65,377	55,045	57,122
Revenue Growth (YoY)	17.82%	9.44%	34.84%	18.77%	-3.64%	11.87%
Cost of Revenue	54,228	50,216	46,991	37,122	34,144	33,028
Gross Profit	48,025	46,257	41,164	28,255	20,901	24,094
Selling, General & Admin	401	401	340	238	175	286
Other Operating Expenses	27,957	26,198	23,029	14,136	9,896	11,771
Operating Expenses	31,838	29,812	25,899	16,604	12,519	13,887
Operating Income	16,187	16,445	15,265	11,651	8,382	10,207
Interest Expense	-538	-509	-444	-437	-455	-365
Interest & Investment Income	816	816	876	492	282	364
Currency Exchange Gain (Loss)	502	502	676	905	409	739
Other Non Operating Income (Expenses)	166	72	103	148	113	78
EBT Excluding Unusual Items	17,133	17,326	16,476	12,759	8,731	11,023
Gain (Loss) on Sale of Investments	520	520	356	294	188	-21
Gain (Loss) on Sale of Assets	163	163	16	5	-3	-
Other Unusual Items	29	29	6	34	57	-
Pretax Income	17,845	18,038	16,860	13,092	8,973	11,002
Income Tax Expense	4,896	4,975	4,696	3,486	2,308	2,778
Earnings From Continuing Operations	12,949	13,063	12,164	9,606	6,665	8,224
Minority Interest in Earnings	18	-26	-43	-36	-32	-38
Net Income	12,967	13,037	12,121	9,570	6,633	8,186
Net Income to Common	12,967	13,037	12,121	9,570	6,633	8,186
Net Income Growth	2.87%	7.56%	26.66%	44.28%	-18.97%	6.92%
Shares Outstanding (Basic)	106	106	106	105	105	104
Shares Outstanding (Diluted)	106	106	106	105	105	105
Shares Change (YoY)	0.07%	0.10%	0.38%	0.03%	0.09%	0.33%
EPS (Basic)	122.56	123.34	114.81	90.91	63.32	78.56
EPS (Diluted)	122.27	123.00	114.48	90.74	62.90	77.70
EPS Growth	2.80%	7.44%	26.16%	44.26%	-19.05%	6.57%
Free Cash Flow	-	12,400	11,315	8,438	12,554	4,854
Free Cash Flow Per Share	-	117.00	106.87	80.00	119.05	46.07
Dividend Per Share	50.000	50.000	45.000	25.000	22.000	21.000
Dividend Growth	6.38%	11.11%	80.00%	13.64%	4.76%	0%
Gross Margin	46.97%	47.95%	46.70%	43.22%	37.97%	42.18%
Operating Margin	15.83%	17.05%	17.32%	17.82%	15.23%	17.87%
Profit Margin	12.68%	13.51%	13.75%	14.64%	12.05%	14.33%
Free Cash Flow Margin	-	12.85%	12.84%	12.91%	22.81%	8.50%
EBITDA	17,632	17,814	16,533	12,876	9,650	11,253
EBITDA Margin	17.24%	18.47%	18.75%	19.69%	17.53%	19.70%
D&A For EBITDA	1,445	1,369	1,268	1,225	1,268	1,046
EBIT	16,187	16,445	15,265	11,651	8,382	10,207
EBIT Margin	15.83%	17.05%	17.32%	17.82%	15.23%	17.87%
Effective Tax Rate	27.44%	27.58%	27.85%	26.63%	25.72%	25.25%
Revenue as Reported	104,420	98,546	90,188	67,221	56,034	58,282
Advertising Expenses	-	359	282	203	150	270

Source: S&P Capital IQ. Standard template. Financial Sources.