Conference Call with L&T; Technology Services Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
IT Consulting & Software company L&T; Technology Services announced Q2FY25 results Revenue at Rs 25,729 million; growth of 4.5% QoQ growth of 8% YoY. USD Revenue at USD 307 million; growth of 3.9% QoQ and 6.5% YoY. EBIT margin at 15.1%. Net profit at Rs 3,196 million; growth of 1.3% YoY. Interim Dividend of Rs 17 per share; Record date October 25, 2024. Amit Chadha, CEO & Managing Director, L&T; Technology Services said: “I am happy to launch a new brand positioning Purposeful. Agile. Innovation. The brand refresh will create a platform for the future, helping us to scale in 3 strategic segments – Mobility, Sustainability and Tech, and build each of them into standalone billion-dollar units. These segments have already started to show results aided by our ‘Go Deeper to Scale’ strategy which we embarked on at the start of the year. We had strong sequential growth of 4% in Q2 led by Sustainability at 6.5% on the back of earlier large deals and empanelment agreements. Mobility also had a strong showing with 5% growth driven by our differentiated story on SDV and hybridization. We are seeing an uptick in AI-led deal conversations, and our portfolio of AI solutions & accelerators is helping win deals in our focus areas across segments. We have filed a total of 165 patents in AI in till date. With our pipeline comprising larger sized deals involving consolidation as well as advanced technology led transformation, we are confident about the vision we set for ourselves and our medium-term outlook of USD 2 billion revenue with EBIT margin of 17-18%.” Result PDF