L&T Technology Services Reports Solid Q1FY25 Growth with Innovative Ventures

L&T Technology Services Limited announced a 7% YoY growth in revenue and a 1% increase in net profit for Q1FY25. Significant deals and a strategic focus on mobility, AI, and sustainability were highlighted. The firm also received numerous accolades and grew its patent portfolio and employee strength.

Mumbai, Maharashtra, India – L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading pure-play engineering services company, posted a 7% year-over-year growth in revenue for Q1FY25, reaching Rs. 24,619 million. Net profit rose 1%, hitting Rs. 3,136 million.

Key achievements include winning sizeable deals in mobility and AI sectors, and the successful restructuring of the company into three main segments. Amit Chadha, CEO & Managing Director, emphasized confidence in achieving $1.5 Billion in annualized revenues.

LTTS was recognized as a Great Place to Work in the US and Poland, bagged the 'Most Innovative Company of the Year' award, and expanded its patent portfolio to 1,343. Employee strength grew to 23,577 by the end of Q1FY25.

(With inputs from agencies.)