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L&T Technology Services (LTTS), a leading global engineering services company, announced its financial results for Q2 FY2024-25. The company continues to show steady growth with robust performance in its key segments, including Mobility, Sustainability, and Hi-Tech.
L&T Technology Services achieved revenue growth in Q2 FY2024-25 with ₹25,729 crores, up from ₹23,865 crores in the same quarter of FY2023-24. The company has shown resilience in managing operating costs and boosting profitability through its innovative solutions in engineering and technology services.
The net profit for the quarter stood at ₹3,200 crores, reflecting steady growth compared to ₹3,159 crores YoY, showcasing LTTS’s operational efficiency and strategic focus on expanding high-margin service lines.
Each segment demonstrated healthy year-on-year performance, aligning with the company's strategy of focusing on emerging technologies and sustainability.
L&T Technology Services surpassed sector expectations, delivering strong results in Mobility and Sustainability. The company's continued focus on innovation, coupled with its strategic investments in digital transformation, positions it ahead of many peers in the engineering services sector.
L&T Technology Services Consolidated Unaudited Statement of Financial results for the quarter and six months ended September 30, 2024:
Metrics | Q2 FY2024-25 | Q2 FY2023-24 |
Revenue from Operations (₹ Cr.) | 25,729 | 23,865 |
Net Profit (₹ Cr.) | 3,200 | 3,159 |
Employee Benefit Expenses (₹ Cr.) | 13,852 | 12,417 |
Depreciation & Amortization (₹ Cr.) | 783 | 681 |
Other Expenses (₹ Cr.) | 7,217 | 6,692 |
Finance Costs (₹ Cr.) | 119 | 126 |
L&T Technology Services delivered solid Q2 FY2024-25 results with revenue growth, stable margins, and continued progress in its key business segments. The company's strategic focus on digital transformation and sustainability solutions ensures that it remains well-positioned for future growth.
Check out the past performances of L&T Technology Services in previous quarters and financial years.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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