Expect all 5 segments to grow in coming quarters: L&T Tech chief
“Every vertical has grown from Q1 to Q2,” said Keshab Panda, MD & CEO of L&T Technology Services in an interview to CNBC-TV18.
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
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
Stampede-like situation disrupts Rahul Gandhi, Akhilesh Yadav's joint rally in Uttar Pradesh
May 19, 2024 4:26 PM
Ladakh Lok Sabha election: With Independent candidate's entry, it's now a 3-way contest for BJP and Congress
May 19, 2024 4:01 PM