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Earnings

Expect all 5 segments to grow in coming quarters: L&T Tech chief

Updated : October 20, 2020 11:29 AM IST

L&T Technology reported better than expected second quarter earnings raised guidance for FY21.

“Every vertical has grown from Q1 to Q2,” said Keshab Panda, MD & CEO of L&T Technology Services in an interview to CNBC-TV18.

According to him, revenue increase and improved utilizations aided margins gains.

“Q1 utilizations went down and 4.5 percent increase in utilization has gone up – Q1 versus Q2. There is some room for improvement in Q2, Q3 and beyond as well. We intend to get back to pre-COVID levels as soon as possible,” Panda said.

He expects all 5 segments (telecom, industrial, plant engineering, business mix, offshore engineering) to grow sequentially in coming quarters.

For more, watch the video
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