L&T Tech Q1 Results: Net profit rises just 1% YoY to ₹316 crore; revenue jumps 16.4%
The company's revenue from operations for the quarter ended on June 30, 2025 rose by 16.4 per cent to ₹ 2,866 crore from ₹ 2,461 crore in the corresponding period last year.
The total expenses of L&T Tech for the first quarter of FY26 surged by 19.5 per cent to ₹ 2,501 crore compared to ₹ 2,091 crore in the same period a year ago. The earnings per share (EPS) per share stood at ₹ 29.06.
L&T Tech aims to report a double-digit growth for the fiscal year 2025-26.
"Backed by an increased order book and a focus on resilience and profitable growth, we expect to clock double-digit growth in FY26 and maintain our medium-term outlook of USD 2 billion revenue,' said Amit Chadha, CEO and Managing Director of L&T Technology Services.
'We are launching PLxAI, our proprietary AI framework which accelerates product development lifecycle for global clients. PLxAI was originally incubated in the Mobility segment but has now been scaled and propagated to other segments using our multi-vertical crosspollination approach,' he added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
United News of India
3 hours ago
- United News of India
Maldivian President Muizzu affirms enduring strength of India-Maldives ties at state banquet
Male/New Delhi, July 25 (UNI) Maldivian President Mohamed Muizzu today affirmed the enduring strength of Maldives-India relations, stating that the historic bond between both nations cannot be weakened. He made the remakes at a state banquet hosted by himself and First Lady Sajidha Mohamed in honour of Indian Prime Minister Modi, who is on a two-day state visit to the Maldives at the President's invitation. In his speech, the President said that while this year marks the 60th anniversary of the establishment of official diplomatic relations between the Maldives and India, the relationship dates back centuries. While history bears witness to this, he noted that both countries have deep-rooted ties through trade and other cultural activities since long before official diplomatic relations were established. The President emphasised that India has always been an important partner in the Maldives' development journey, and noted that the relationship is strengthening, particularly in the fields of security, health, trade and education. He expressed confidence that India can play an important role in building a sustainable, inclusive and youth-driven economy in the Maldives. In his speech, the President also acknowledged Prime Minister Modi as the second longest-serving Prime Minister in India's history, describing it as a reflection of his dedication to national service. The banquet was attended by members of the visiting Indian delegation and senior officials of the Government of the Maldives. Earlier, during the joint press statement following their delegation level talks, President Muizzu underscored India's central role in the Maldives' development. Eight memoranda of understanding were signed during the official meetings, reflecting mutual commitment to broad collaboration across key sectors, including infrastructure, defence, education, health care, and economic development. Among the agreements, a USD 565 million line of credit was announced, an initiative President Muizzu described as essential for advancing critical national priorities. Targeted areas include sports, public housing, health services, education, and military infrastructure. India also offered a currency swap facility intended to help the Maldives navigate prevailing economic challenges. Discussions also reflected the durability of bilateral relations, as President Muizzu commended India's longstanding assistance, including its timely response during disasters and emergencies, which reinforced the partnership's humanitarian and strategic significance. Developmental projects featured prominently in the discussions, with President Muizzu highlighting the India-assisted Malé-Thilafushi bridge as a cornerstone of cooperative infrastructure and a forthcoming symbol of shared progress. Other initiatives noted included the construction of 3,300 housing units, extensive roadworks in Addu City, and the provision of 72 heavy vehicles to the Maldives National Defence Force (MNDF). Prime Minister Modi's state visit coincides with the 60th anniversary of the establishment of diplomatic relations between the two nations. UNI RN
India Today
7 hours ago
- India Today
Friendship always first: PM resets India-Maldives ties with defence, trade push
Prime Minister Narendra Modi on his two-day visit to the Maldives reaffirmed the historic and strategic depth of the bilateral relationship. 'The roots of our relations are older than history, and as deep as the ocean,' Modi said during his two-day visit to Modi held wide-ranging talks with Maldivian President Mohamed Muizzu to strengthen cooperation in key sectors including trade, defence, and maritime security. 'For us, it is always friendship first,' the Prime Minister declared, calling India the 'most trusted' friend of the Indian Ocean meeting marked a turnaround in bilateral ties, which had witnessed tensions after Muizzu came to power in November 2023 following his 'India Out' campaign. Modi, however, asserted that the India-Maldives friendship will always 'remain bright and clear' regardless of circumstances. India on Friday announced a Rs4,850 crore (USD 565 million) line of credit to the Maldives. 'This amount will be used for projects related to the development of infrastructure in the Maldives, in accordance with the priorities of the people of the country', the PM Secretary Vikram Misri said the pact signed during the visit would reduce the Maldives' annual debt repayment to India by 40 per cent. While China's growing assertiveness was not directly mentioned, Misri said India continues to work with the Maldives on issues that may 'impinge not just our security but the common security of the region.'PM Modi confirmed that both sides will soon finalise a bilateral investment treaty and that negotiations for a free trade agreement have already the visit,PM Modi and Muizzu jointly inaugurated several India-backed projects, including a new defence ministry building in Male, roads and drainage systems in Addu city, and 3,300 housing units in Hulhumale. PM Modi also handed over 72 vehicles and equipment to the Maldives National Defence the new defence ministry complex as a 'concrete building of trust,' PM Modi said it stands as a symbol of the 'strong partnership' between the two nations. 'India will continue to support the Maldives in the development of its defence capabilities. Peace, stability and prosperity in the Indian Ocean region is our common goal,' he the Maldives' role in India's strategic outreach, PM Modi said, 'The Maldives holds an important place in both India's Neighbourhood First policy and its MAHASAGAR (Mutual and Holistic Advancement for Security and Growth Across Regions) vision.'PM Modi also spotlighted India's swift and consistent support to the Maldives during times of crisis. 'India is also proud to be the most trusted friend of the Maldives. Be it a disaster or a pandemic, India has always stood by as a 'first responder',' he welcomed the progress made under the economic and maritime security vision unveiled during Muizzu's visit to New Delhi in October last year. 'Now it is becoming a reality. And as a result of that, our relations are touching new heights,' PM Prime Minister also noted the growing success of India's UPI (Unified Payments Interface) system in the Maldives. 'The speed with which UPI is being promoted in the Maldives will give a boost to both tourism and retail,' he Modi arrived in Male from London in the second and final leg of his two-nation tour. He received a warm welcome at Velena International Airport, with President Muizzu and top Maldivian ministers personally receiving him. Later, he was accorded a ceremonial welcome and a guard of honour at the Republic Square.- EndsMust Watch
&w=3840&q=100)
Business Standard
8 hours ago
- Business Standard
India, UK firms upbeat on FTA to double trade to $112 bn by 2030: Goyal
Commerce and Industry Minister Piyush Goyal has said that businesses in Britain as well as India are optimistic about the free trade agreement which aims to double the bilateral trade to USD 112 billion by 2030. The India-UK free trade agreement, also called Comprehensive Economic and Trade Agreement (CETA), was signed by Goyal and his counterpart Jonathan Reynolds in presence of Prime Minister Narendra Modi and British Prime Minister Keir Starmer on Thursday. In a post-signing interaction with business leaders from across sectors, Goyal said," Investors are looking to double down on their investments. People in industry and manufacturing are looking to expand markets. The services sector is excited about the growth potential. Everybody, whether from government or from the private sector, has a shared commitment to double the trade between the two countries by 2030." Anuj Chande, Partner at Grant Thornton UK and Head of its South Asia Business Group said," It (the deal) certainly comes across as a win-win for both countries with a huge reduction in tariffs is the beginning of the journey and not the end. Kishore Jayaraman, India Chair of the UK India Business Council (UKIBC), which facilitates trade between both countries, said the tariffs have been brought down to acceptable levels for both nations, so that the trade and economy can grow without any bottlenecks. "But beyond that, it is a recognition that there are so many sectors, digital, tech, defence, life sciences, agriculture, where there are products and services that both nations have that can be brought to the people of both these nations at a much faster pace," he added. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
