Larsen & Toubro Technology Services (LTTS) on January 15 reported net profit of Rs 322 crore in the third quarter (Q3) of the current financial year (FY25). This marks a fall of 4% from the Rs 336 crore net profit the firm had reported in the same quarter of the previous financial year (FY24).
L&T Tech Services saw a 9.55% year-on-year rise in its revenue from operations, which stood at Rs 2,653 crore in Q3FY25. The revenue earlier stood at Rs 2,421.8 crore in Q3 of the previous financial year (FY24).
The company's expenses grew around 11.29% year-on-year to Rs 224.66 crore in Q3 FY 25. These include employee benefit expenses worth Rs 139.51 crore.
Read more about the latest Q3 earnings results LIVE
L&T Technology Services (LTTS) shares closed 3.10% higher at Rs 4,852.75 apiece on January 15. The company announced its Q3 results post-market hours.
The company's mobility business unit posted a revenue growth of 4.1%, the slowest since the company started disclosing such numbers from the first quarter of this fiscal year.
The Larsen and Toubro group firm raised its revenue growth for fiscal year 2025 to near 10% from 8%-10% earlier, on the back of acquiring US-based software firm Intelliswift.
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