LTTS Q2 FY23 Results Key Highlights

  • Consolidated Revenue up 24% and Net Profit is up 22% YoY
  • EBIT Margins at 18.2% Vs 18.3% QoQ
  • Company won a $60mn plus deal and a deal with TCV of $10mn
  • Board recommended a dividend of Rs.15
  • BMW Group awarded LTTS a 5 years, multi-million dollar deal to provide high end engineering services for the company’s suite of infotainment consoles targeted for its family of hybrid vehicles.
  • Other key deals

  • Major growth seen in Transportation and Plant Engineering vertical – 25.2% and 20.8% respectively

  • Revenue by Geography

  • Attrition rate is 24.1% from 23.2% in Q1 FY23
  • Industry Recognition

  • Patents: At the end of Q2 FY23 total 976 patents, out of which 663 are co-authored with its customers and remaining 313 filed by LTTS
  • Free Cash flow year to date is Rs.452 Cr. Cash & Investment Rs.2436 Cr at end of Q2 FY23.
  • Not concern with Deal flow or Deal closures. $1.5 Bn annualized revenue run rate by FY25



LTTS Investor Presentation

LTTS Concall Recording