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L&T Technology Services Ltd Q2FY25; 5% fall 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 Q2FY25 of ₹2,325.00 Crores up from ₹2,136.00 Crore year on year, a rise of 8.85%.

Total Expenses for Q2FY25 of ₹1,986.00 Crores up from ₹1,753.00 Crores year on year, a rise of 13.29%.

Consolidated Net Profit of ₹293.00 Crores down 4.87% from ₹308.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹27.68, down 5.11% from ₹29.17 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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