L&T Technology Serv Q4 net profit down 0.05% at Rs 190.60 cr
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The company reported standalone net profit of Rs 190.60 crore for the quarter ended March 31, 2021 as compared to Rs 190.70 crore in the same period last year, registering a year-on-year decline of 0.05 per cent. Net revenue of the company declined marginally by 1.59 per cent at Rs 1,303.00 crore in January-March quarter of this fiscal as against Rs 1,324.10 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 4.86 per cent to Rs 1,033.40 crore from Rs 1,086.20 crore in year ago period. Other Income dipped by 42.34 per cent at Rs 36.50 crore versus (Mar'20 Rs 63.30 crore). Operating Profit surged by 13.32 per cent to Rs 269.60 crore as against Rs 237.90 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 15.14 per cent in March quarter. Interest grew by 22.34 per cent y-o-y to Rs 11.50 crore, while Taxation increased by 0.50 per cent at Rs 60.60 crore (Mar'20 Rs 60.30 crore).
