L&T Technology Services Ltd declared its Q3FY25 earnings on Wednesday 15 th January, for the India and Global geographical segments in the consolidated level of the net profit for the period of the financial year 2024-25 and registered almost about four percent de-growth at ₹ 322.4 crore of Q3FY25 from ₹ 336.2 crore for the corresponding period of the previous fiscal ended on 31
Consolidated revenues of the Larsen & Toubro (L&T) technology arm were ₹ 2,653 crore in the third quarter of the current fiscal compared to ₹2,421.8 crore of the year-ago period, an upmove of 9 percent. L&T Techs counter rose as much as 5 percent before opening up Qthe the 3 result announcement and ended 3.10 percent higher at ₹ 4852.75 on the BSE.
Moreover, L&T Tech has the largest deal bookings for the company ever in terms of the quarter that has just ended. Eight large deals: Four of these include deals made at $50m, and four other deals made at $35m, $25m respectively, while three other deals have been made at $10m each.
The large deal TCV has shown a healthy increase of eight wins across the segments. As a result, there are several mega-deals that remain in fairly healthy condition because of customer interactions in the new era product and platform and business services that have continued to be active in terms of advancement, according to Amit Chadha, CEO and Managing Director, L&T Technology Services.
The L&T Tech aimed to place the expansion dealer for 10 percent revenue growth in Constant Currency in the fiscal year 2025. Thus, for FY25 and with Intelliswift, it should be growing core revenue up at nearly 10% in constant currency based on these numbers. According to Chadha, it maintained ‘our medium-term target of $ 2 billion revenue, EBIT margin of 17-18 percent.’
Net Profit And Revenue
- Net Profit: LTTS’s net profit for Q3FY25 was ₹322.4 crore, down from ₹336.2 crore in Q3FY24. This marks a slight sequential increase of 0.9% from the previous quarter’s profit of ₹319.6 crore.
- Revenue: The company achieved revenue of ₹2,653 crore, which is an increase of 9.5% year-on-year and a 3.1% rise from the previous quarter’s revenue of ₹2,577 crore