Revenue climbed 24.1% to Rs 1,995 crore as all verticals clocked double-digit growth rates.
Sequentially, net profit inched up 3% while revenue was up 6.5%.
Operating margins stood at 18.3%, down 10 basis points (bps) sequentially and 20 bps on year due to the increase in employee compensation.
The company upgraded its dollar revenue growth forecast to 15.5-16.5% for the ongoing fiscal year from 13.5-15.5% earlier.
The L&T Group company had met the dollar revenue growth guidance of 19-20% for FY22.
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“We are continuing to access customers through our cost-to-market, speed-to-market and tech refresh-based capabilities,” Amit Chadha, managing director and CEO, told ET, on the guidance upgrade. “We are leveraging our electric vehicle bet in the transportation vertical among truck, auto and aerospace clients while, in the plant engineering vertical, digital manufacturing comes to the core as labour shortage continues to happen,” he added.
Apart from the high-tech vertical and customers taking a relook at spends for projects not having confirmed profit streams, all other areas were “very robust” in terms of demand, Chadha said.
The Mumbai-based company clocked $1 billion in annualised run-rate and plans to clock $1.5 billion by the financial year ending 2024-25.
LTTS bagged a $60-million plus deal in transportation, its third consecutive quarter of wins in the $50-$100 million total contract value range in the vertical.
The board declared a dividend of Rs 15 per share.
All verticals grew year on year, led by transportation growing 25.2% due to truck, auto and aerospace clients powering their spends in the electric, autonomous and connected vehicles segment. The plant engineering vertical rose 20.8%.
In terms of geography, the rest of the world market grew 20.9% on year followed by North America at 14.5%.
The company added 31 employees sequentially. Its headcount stood at 21,474 at the end of September. The attrition rate rose 90 basis points to 24.1% in the three-month period.
