Latest news with #L&TTech
Time of India
6 days ago
- Business
- Time of India
L&T Tech shares in focus after Q1 profit edges up, revenue rises 16% YoY
L&T Tech shares: Operating revenue increased by 16% year-on-year to ₹2,866 crore in Q1FY25, up from ₹2,462 crore in the same quarter last year. However, it saw a 4% decline compared to the previous quarter's ₹2,982 crore. Profit after tax (PAT) rose 1.5% quarter-on-quarter, reaching ₹311 crore in Q4FY25. Tired of too many ads? Remove Ads Management commentary Tired of too many ads? Remove Ads Guidance Shares of L&T Technology Services (LTTS) will be in focus on Thursday after the company reported a marginal 0.7% year-on-year (YoY) increase in consolidated net profit for the June 2025 quarter at Rs 316 crore, compared to Rs 314 crore in the same period last from operations rose 16% YoY to Rs 2,866 crore from Rs 2,462 crore in Q1FY25. However, revenue declined 4% sequentially from Rs 2,982 crore in the March quarter. Profit after tax (PAT) was up 1.5% quarter-on-quarter from Rs 311 crore in revenue for the quarter stood at $335.3 million, down 2.9% QoQ but up 13.6% YoY. In constant currency terms, revenue declined 4.2% QoQ and increased 12.8% YoY. EBIT stood at Rs 381 crore with an EBIT margin of 13.3%.Commenting on the company's earnings, CEO & Managing Director Amit Chadha said that LTTS exceeded $200 million in large deals TCV for the third straight quarter, continuing its deal momentum in Q1 with one $50 million win, three deals in $20-30 million range, and six over $10 million deals."In this dynamic macro environment, our multi-segment diversification strategy has proven resilient, with the Sustainability segment achieving double-digit annual growth. The 'Go Deeper to Scale' strategy and investments in new age technologies are leading to stronger partnerships with clients and a robust TCV booking," Chadha said that the company is launching PLxAI, its proprietary AI framework, which accelerates the product development lifecycle for global clients. "PLxAI combines smart prompting, contextual intelligence, and agentic workflows to significantly reduce product lifecycle. PLxAI was originally incubated in the Mobility segment, but has now been scaled and propagated to other segments using our multi-vertical cross-pollination approach," he by an increased order book and a focus on resilience and profitable growth, the company expects to clock double-digit growth in FY26 and maintains its medium-term outlook of $2 billion revenue,' said Chadha.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
6 days ago
- Business
- Mint
L&T Tech Q1 Results: Net profit rises just 1% YoY to ₹316 crore; revenue jumps 16.4%
L&T Tech Q1 Results: L&T Technology Services Ltd, a listed subsidiary of Larsen & Toubro (L&T), declared the April to June quarter results for fiscal 2025-26 (Q1FY26) on Wednesday, July 16. The company reported a 0.7 per cent marginal increase in consolidated net profit at ₹ 316.1 crore compared to ₹ 313.9 crore in the same quarter of the previous year. 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.
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Business Standard
6 days ago
- Business
- Business Standard
L&T Tech Q1 results: Profit remains flat at ₹315.7 crore, revenue up 16%
On a sequential basis, profit rose 1.5 per cent from ₹311.1 crore in the March 2025 quarter Revenue from operations stood at ₹2,866 crore during the quarter, up 16.4 per cent year-on-year compared to ₹2,461.9 crore reported in Q1 FY25. New Delhi L&T Technology Services (LTTS) on Wednesday reported a consolidated net profit of ₹315.7 crore for the quarter ended June 2025 (Q1 FY26), registering a modest 0.7 per cent increase from ₹313.6 crore in the same period last year (Q1 FY25). On a sequential basis, profit rose 1.5 per cent from ₹311.1 crore in the March 2025 quarter (Q4 FY25), the company said. Revenue from operations stood at ₹2,866 crore during the quarter, up 16.4 per cent year-on-year compared to ₹2,461.9 crore reported in Q1 FY25. However, revenue declined 3.9 per cent from ₹2,982.4 crore in the previous quarter. Shares of L&T Tech closed at ₹4,340 apiece on the BSE on Wednesday.
