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L&T Technology Services Q1 Results Reported Net Profit of ₹3,139 Million with Total Income of ₹25,241 Million
L&T Technology Services Q1 Results show a 2.67% QoQ decline in total income to ₹25,241 million, with an operating profit of ₹383.60 crore and an 8.06% QoQ decrease in profit after tax. L&T Technology Services Q1 Results reflect these performance metrics for the fiscal year.
by P Nandhini
Updated Sep 13, 2024
Table of Content
L&T Technology Services Q1 Results Live: L&T Technology Services (LTTS) announced its Q1 results for the 2024-2025 fiscal year, showing a slight decrease in quarterly performance. The company's revenue from operations stood at ₹24,619 million, down 2.98% quarter-over-quarter (QoQ) from ₹25,375 million in Q4 of the previous fiscal year.
Total income also saw a decline of 2.67% QoQ, reaching ₹25,241 million compared to ₹25,935 million last quarter. The employee benefit expenses increased by 9.24% QoQ to ₹13,317 million, while other expenses decreased by 17.35% QoQ, resulting in overall expense management.
Net profit for the period ended June 30, 2024, was ₹3,139 million, reflecting an 8.06% drop in QoQ from ₹3,414 million in the previous quarter. The company’s total comprehensive income fell by 8.24% QoQ, amounting to ₹3,341 million from ₹3,641 million last quarter.
LTTS also reported basic earnings per share (EPS) of ₹29.65, an 8.07% reduction in QoQ compared to the previous quarter's ₹32.25. These figures highlight some challenges faced by LTTS in Q1 2024-2025, but the company remains committed to driving innovation and growth in its core business areas.
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L&T Technology Services Q1 Results 2024 - 2025
L&T Technology Services Q1 Results: The Q1 results for the fiscal year 2024-2025 show a slight decrease in both revenue and net profit for L&T Technology Services (LTTS) compared to the previous quarter. The revenue from operations declined by 2.98% quarter-over-quarter (QoQ), and the net profit dropped by 8.06% QoQ.
Here is a summary of the key financial metrics:
| Particulars | Q1 FY 2024-2025 | Q4 FY 2023-2024 | QoQ Change (%) |
|---|---|---|---|
| Revenue from operations | ₹24,619 million | ₹25,375 million | -2.98% |
| Other income (net) | ₹622 million | ₹560 million | +11.07% |
| Total income | ₹25,241 million | ₹25,935 million | -2.67% |
| Employee benefit expenses | ₹13,317 million | ₹12,191 million | +9.24% |
| Depreciation and amortization expenses | ₹726 million | ₹746 million | -2.68% |
| Other expenses | ₹6,740 million | ₹8,156 million | -17.35% |
| Finance costs | ₹131 million | ₹132 million | -0.76% |
| Total expenses | ₹20,914 million | ₹21,225 million | -1.46% |
| Profit before tax | ₹4,327 million | ₹4,710 million | -8.12% |
| Tax expense (current and deferred) | ₹1,188 million | ₹1,296 million | -8.33% |
| Net profit | ₹3,139 million | ₹3,414 million | -8.06% |
| Other comprehensive income (net of tax) | ₹202 million | ₹227 million | -11.01% |
| Total comprehensive income | ₹3,341 million | ₹3,641 million | -8.24% |
| Basic earnings per share (EPS) | ₹29.65 | ₹32.25 | -8.07% |
| Paid-up equity share capital | ₹212 million | ₹212 million | 0.00% |
Source: Here
L&T Technology Services Current Market Overview
L&T Technology Services (LTTS) is currently trading at ₹5,706 per share, reflecting a slight decrease of 0.02%. The company has a market capitalization of ₹60,395 crore, with its stock price ranging from a high of ₹6,000 to a low of ₹4,107 over the past year.
LTTS has a price-to-earnings (P/E) ratio of 46.2, indicating how the market values its earnings, and offers a dividend yield of 0.88%. The company shows strong financial health with a return on capital employed (ROCE) of 33.6% and a return on equity (ROE) of 26.4%, reflecting its efficiency in generating profits from its investments.
| Particulars | Details |
|---|---|
| Current Price | ₹5,706 |
| Change | -0.02% |
| Market Capitalization | ₹60,395 crore |
| 52-Week High / Low | ₹6,000 / ₹4,107 |
| Stock P/E Ratio | 46.2 |
| Book Value | ₹504 |
| Dividend Yield | 0.88% |
| Return on Capital Employed (ROCE) | 33.6% |
| Return on Equity (ROE) | 26.4% |
| Face Value | ₹2.00 |
Quarterly Results
Here is a summary of the quarterly results for L&T Technology Services (LTTS) for the three most recent quarters: December 2023, March 2024, and June 2024. This table highlights the company's key financial metrics, including sales, expenses, operating profit, and net profit, providing a snapshot of LTTS's recent performance.
| Particulars | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| Sales | 2,422 | 2,538 | 2,462 |
| Expenses | 1,934 | 2,035 | 2,006 |
| Operating Profit | 488 | 503 | 456 |
| Operating Profit Margin (OPM %) | 20% | 20% | 19% |
| Other Income | 62 | 56 | 62 |
| Interest | 13 | 13 | 13 |
| Depreciation | 72 | 75 | 73 |
| Profit Before Tax | 466 | 471 | 433 |
| Tax % | 28% | 28% | 27% |
| Net Profit | 337 | 341 | 314 |
| Earnings Per Share (EPS in Rs) | 31.79 | 32.24 | 29.63 |
About L&T Technology Services
L&T Technology Services (LTTS) is a global leader in engineering and R&D (ER&D) services, offering a wide range of solutions, including consulting, design, development, and testing.
The company serves many industries, such as healthcare, semiconductors, telecommunications, and transportation, helping clients innovate and grow through advanced technologies like artificial intelligence, collaborative robots, and autonomous transport.
With 17 global design centers, 28 sales offices, and 49 innovation labs, LTTS works with 69 Fortune 500 companies and holds over 1,300 patents, demonstrating its commitment to innovation and excellence in engineering.
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L&T Technology Services Q1 Results - FAQs
1. What is L&T Technology Services' revenue from operations for Q1 FY 2024-2025?
L&T Technology Services' revenue from operations for Q1 FY 2024-2025 is ₹24,619 million.
2. How did L&T Technology Services' revenue from operations change from the previous quarter?
L&T Technology Services' revenue from operations decreased by 2.98% quarter-over-quarter.
3. What is the total income of L&T Technology Services for Q1 FY 2024-2025?
The total income of L&T Technology Services for Q1 FY 2024-2025 is ₹25,241 million.
4. How did L&T Technology Services' total income change from the last quarter?
L&T Technology Services' total income declined by 2.67% quarter-over-quarter.
5. What are the employee benefit expenses for L&T Technology Services in Q1 FY 2024-2025?
The employee benefit expenses for L&T Technology Services are ₹13,317 million.
6. What is L&T Technology Services' net profit for Q1 FY 2024-2025?
L&T Technology Services' net profit for Q1 FY 2024-2025 is ₹3,139 million.
7. How did L&T Technology Services' net profit change from the previous quarter?
L&T Technology Services' net profit dropped by 8.06% quarter-over-quarter.
8. How did the EPS for L&T Technology Services change from the last quarter?
The EPS for L&T Technology Services decreased by 8.07% quarter-over-quarter.
9. What is the operating profit for L&T Technology Services in Q1 FY 2024-2025?
The operating profit for L&T Technology Services is ₹383.60 crore.
10. What is the operating margin for L&T Technology Services in Q1 FY 2024-2025?
The operating margin for L&T Technology Services is 15.58%.