Categories AlphaGraphs, Industrials

L&T Technology Services Ltd Q1FY24; 13% rise in Profits

LTTS is an engineering services provider incorporated in 2012, offers engineering,, research and development (ER&D) and digitalization solutions to companies in the areas such as Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices and Plant Engineering. LTTS’ customer base includes 69 Fortune 500 companies and 53 of the world’s top ER&D companies. The business also provides digital engineering advisory services. The company went public on September 23, 2016. LTTS has 296 global clients in 25+ countries.

Financial Results:

L&T Technology Services Ltd reported Revenues for Q1FY24 of ₹2,301.00 Crores up from ₹2,006.00 Crore year on year, a rise of 14.71%.

Total Expenses for Q1FY24 of ₹1,918.00 Crores up from ₹1,668.00 Crores year on year, a rise of 14.99%.

Consolidated Net Profit of ₹312.00 Crores up 13.04% from ₹276.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹29.44, up 12.84% from ₹26.09 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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