LTTS Reports 4.5% QoQ Revenue Growth in Q2 FY25; Declares Interim Dividend of ₹17 Per Share

L&T Technology Services Limited (LTTS) announced its financial results for the quarter ended September 30, 2024 (Q2 FY25), showcasing steady growth across key metrics. 

The company reported a revenue of ₹25,729 million, reflecting a 4.5% quarter-on-quarter (QoQ) growth and 8% year-on-year (YoY) growth. In dollar terms, LTTS achieved a revenue of $307 million, marking a QoQ increase of 3.9% and a YoY growth of 6.5%. The company’s EBIT margin stood at 15.1% for the quarter. Net profit for the quarter reached ₹3,196 million, showing a YoY growth of 1.3%. 

LTTS continues to emphasise its innovative edge, with its patent portfolio standing at 1,394 as of Q2 FY25. Of these, 877 patents were co-authored with its customers, while 517 were filed independently by LTTS. This strong patent portfolio highlights LTTS’s commitment to technological advancement and its collaborations with global clients.

Additionally, LTTS’s Board of Directors declared an interim dividend of ₹17 per equity share. The interim dividend will be paid to shareholders whose names appear in the Register of Members or the records of the Depositories as Beneficial Owners of equity shares as of Friday, October 25, 2024, which is the record date set for this purpose.

The financial results were announced on October 16, 2024, after market hours. On Thursday, October 17, 2024, LTTS share price opened at ₹5,269.00, down from its previous close of ₹5,356.90. At 9:34 AM, the share price of LTTS was trading at ₹5,336.90, down by 0.37%. 

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