
L&T Technology Services Limited (LTTS) has reported its financial results for the quarter ended December 31, 2024, showcasing steady growth in revenue but a marginal decline in profit.
Key Financial Highlights:
- Revenue from Operations: ₹2,653 crore, up 9.54% YoY from ₹2,422 crore and 3.12% QoQ from ₹2,573 crore.
- Total Income: ₹2,687 crore, reflecting an 8.12% YoY growth from ₹2,484 crore and a 1.84% QoQ increase from ₹2,638 crore.
- Net Profit Attributable to Equity Shareholders: ₹322 crore, down 2.25% YoY from ₹329 crore but remaining flat QoQ.
Performance Overview:
L&T Technology Services continued its revenue growth momentum, driven by its strong operational capabilities. The company saw a 9.54% YoY rise in revenue from operations, reflecting its ability to expand across key business verticals despite macroeconomic challenges.
However, total expenses increased by 11.28% YoY to ₹2,247 crore, primarily attributed to higher employee benefits and operating expenses. This rise in costs impacted profitability, with net profit declining by 4.99% YoY.
Operational Efficiency:
Profit before tax stood at ₹441 crore, reflecting a 5.31% YoY decline. The company has focused on maintaining operational efficiency, which helped limit QoQ changes in profitability.
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