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L&T Technology Services Q2 Results FY2024-25 Highlights: Cons Revenue at ₹25,729 Crores with Steady Growth in Key Segments

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Synopsis:

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.

Key Highlights/Quick Insights:

  • Revenue from Operations: ₹25,729 crores, a 7.8% increase compared to ₹23,865 crores in Q2 FY2023-24.
  • Net Profit: ₹3,200 crores, a slight rise from ₹3,159 crores YoY.
  • Interim Dividend: ₹17 per equity share declared for Q2 FY2024-25.

Quarterly - L&T Technology Services Q2 Results FY2024-25:

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.

L&T TECHNOLOGY SER. LTD.

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5397-25.79 (-0.47 %)

Updated - 13 December 2024
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Segment Highlights:

  • Mobility: Generated ₹9,123 crores, contributing significantly to overall growth.
  • Sustainability: Recorded ₹7,923 crores, with growing demand for green energy solutions.
  • Hi-Tech: Contributed ₹8,683 crores, driven by increased adoption of digital technologies and smart products.

Each segment demonstrated healthy year-on-year performance, aligning with the company's strategy of focusing on emerging technologies and sustainability.

Sector Expectations for L&T Technology Services Q2 Results FY2024-25:

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

Conclusion:

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.

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