L&T Technology Services Reports Robust Q1FY25 Financial Performance

L&T Technology Services Limited (LTTS) has unveiled its financial results for the first quarter ending June 30, 2024, showcasing substantial growth and strategic milestones.

The company recorded revenue of Rs 24,619 million, marking a 7% year-on-year increase. USD revenue reached USD 295 million, reflecting a 6% YoY growth in constant currency. The EBIT margin stood at 15.6%, with a net profit of Rs 3,136 million, a rise of 0.8% YoY.

CEO Amit Chadha highlighted the progress in the 'Go Deeper to Scale' strategy, particularly in mobility, AI, and sustainability segments. Innovations led to 61 AI patents and recognition as a Great Place to Work in both the US and Poland. Major deals and industry accolades underline LTTS's growing market influence.

(With inputs from agencies.)