LTTS Q3 FY25 Results: Net Profit at ₹322 Crore; Aims for 10% Revenue Growth

L&T Technology Services Ltd (LTTS) has set a target of achieving around 10% revenue growth in constant currency for the financial year 2025. This includes contributions from its recent acquisition, Intelliswift. Amit Chadha, CEO and MD of LTTS, reaffirmed the company’s medium-term goal of reaching $2 billion in revenue with an EBIT margin of 17-18%.

Q3 FY25 Financial Performance

For the October-December quarter, LTTS reported a net profit of ₹322.4 crore, which fell short of the market expectation of ₹330 crore. The company’s revenue for the quarter was ₹2,653 crore, reflecting a 9.5% year-on-year growth and a 3.1% increase compared to the previous quarter.

In terms of dollar revenue, LTTS achieved $312 million, marking a growth of 3.1% sequentially and 8.7% year-on-year in constant currency.

Earnings Before Interest and Tax (EBIT)

The company’s EBIT for the quarter stood at ₹422 crore, slightly exceeding the market estimate of ₹411 crore. The EBITDA margin improved by 110 basis points sequentially to 16.2%, excluding one-time merger and acquisition expenses. LTTS anticipates stronger EBIT margins in the second half of the financial year based on its organic business operations.

Strong Deal Wins

LTTS achieved its highest-ever large deal bookings during the quarter, securing eight major deals:

• 1 worth $50 million
• 2 worth $35 million each
• 2 worth $25 million each
• 3 worth $10 million each

Amit Chadha highlighted that the large deal pipeline remains robust, driven by customer demand for new-age product and platform development as well as business transformation initiatives.

About Larsen & Toubro (L&T)

Larsen & Toubro (L&T) is a large Indian multinational company based in Mumbai, Maharashtra. It operates in various sectors, including industrial technology, engineering, construction, heavy industry, power, manufacturing, information technology, military, and financial services.

LTTS share price opened at ₹3,535.00 and reached a high of ₹3,543.45 as of 10:04 AM IST, trading at ₹3,501.50 with a marginal increase of 0.0029%.

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