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L&T Technology Services (LTTS) reports 13% Rise in Q1 FY24 profit


Larsen and Toubro Technology Services (LTTS) posted a 13% rise in profit, reaching Rs 311 crore during the April-June quarter of FY24.

This growth marks a significant improvement from the Rs 276 crore profit recorded in the same period last year. LTTS also reported a notable 14.71% increase in revenue, amounting to Rs 2,301 crore, as compared to Rs 2,006 crore in the previous fiscal year.

However, the company witnessed an 8.5% decline in net profit sequentially, with Q4 FY23 earnings at Rs 341 crore. The operational revenue also reduced by 2.91% quarter-on-quarter, according to LTTS.

Despite these fluctuations, LTTS’s performance in Q1 FY24 showcases a promising growth trajectory, inviting keen observation from industry stakeholders as the company navigates through dynamic market conditions.

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