BAJAJ BROKING
L&T Technology Services (LTTS), a leading global engineering services company, announced its financial results for Q2 FY2024-25. The company continues to show steady growth with robust performance in its key segments, including Mobility, Sustainability, and Hi-Tech.
L&T Technology Services achieved revenue growth in Q2 FY2024-25 with ₹25,729 crores, up from ₹23,865 crores in the same quarter of FY2023-24. The company has shown resilience in managing operating costs and boosting profitability through its innovative solutions in engineering and technology services.
The net profit for the quarter stood at ₹3,200 crores, reflecting steady growth compared to ₹3,159 crores YoY, showcasing LTTS’s operational efficiency and strategic focus on expanding high-margin service lines.
Each segment demonstrated healthy year-on-year performance, aligning with the company's strategy of focusing on emerging technologies and sustainability.
L&T Technology Services surpassed sector expectations, delivering strong results in Mobility and Sustainability. The company's continued focus on innovation, coupled with its strategic investments in digital transformation, positions it ahead of many peers in the engineering services sector.
L&T Technology Services Consolidated Unaudited Statement of Financial results for the quarter and six months ended September 30, 2024:
Metrics | Q2 FY2024-25 | Q2 FY2023-24 |
Revenue from Operations (₹ Cr.) | 25,729 | 23,865 |
Net Profit (₹ Cr.) | 3,200 | 3,159 |
Employee Benefit Expenses (₹ Cr.) | 13,852 | 12,417 |
Depreciation & Amortization (₹ Cr.) | 783 | 681 |
Other Expenses (₹ Cr.) | 7,217 | 6,692 |
Finance Costs (₹ Cr.) | 119 | 126 |
L&T Technology Services delivered solid Q2 FY2024-25 results with revenue growth, stable margins, and continued progress in its key business segments. The company's strategic focus on digital transformation and sustainability solutions ensures that it remains well-positioned for future growth.
Check out the past performances of L&T Technology Services in previous quarters and financial years.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing.
This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
Moving Averages Indicator: Variations & Examples
13 Dec, 2024 | 8 Min. read
Learn Everything About Breakout Trading
13 Dec, 2024 | 9 Min. read
Gold Price in India | Gold Drops 1% After Reaching Five-Week High
13 Dec, 2024 | 39 Min. read
Statement of Account and Demat Account: Meaning & Differences
13 Dec, 2024 | 4 Min. read
What are the Timing For Commodity Market Trading?
13 Dec, 2024 | 6 Min. read
Defence Ministry Signs ₹13,500-Crore Deal with HAL for Su-30MKI Jets
13 Dec, 2024 | 2 Min. read
Kalpataru Projects To Raise ₹1,000 Cr Via QIP; Bags ₹2,174 Cr Orders
13 Dec, 2024 | 2 Min. read
Repo Rate & Reverse Repo Rate: Differences, Full Form & Meaning
13 Dec, 2024 | 5 Min. read
What is Spread Betting and How Does it Work
13 Dec, 2024 | 9 Min. read
Ashok Leyland Wins ₹345.58 Crore Order for 1,475 BSVI Bus Chassis
13 Dec, 2024 | 2 Min. read
Zomato Faces ₹803 Crore GST Demand, Including Interest and Penalty
13 Dec, 2024 | 2 Min. read
Share Market Today | Gift Nifty Indicates Negative Start For Indian Markets
13 Dec, 2024 | 4 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading