INSUBCONTINENT EXCLUSIVE:
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 year.Revenue 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 Q4FY25.Dollar 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%.Also Read: 9 undervalued mid-cap stocks with upside potential of up to 23%Management
commentary
Live EventsCommenting 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
booking," Chadha said.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 informed.Also Read: SBI, Federal Bank among 11 banks that saw NPA improvement in Q4GuidanceBacked 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
These do not represent the views of the Economic Times)
