L&T Technology Services Limited (LTTS) has reported consolidated financial results for the period ended September 30, 2024.

LTTS has posted net profit of Rs. 319.6 crore for the period ended September 30, 2024 as against net profit of Rs. 313.6 crore for the period ended June 30, 2024. The company posted net profit of Rs.315.4 crore for the period ended September 30, 2023.

LTTS has reported total income of Rs. 2,637.9 crore during the period ended September 30, 2024 as compared to Rs. 2,524.1 crore during the period ended June 30, 2024. The company reported total income Rs. 2,427.7 crore during the period ended September 30, 2023.

For the Half Year Ended FY2025, L and T Technology has reported total income of Rs. 5,162 crore as compared to Rs. 4776.8 crore during the 6 Months period ended September 30, 2023.

The company has posted net profit of Rs.633.2 crore for the 6 Months period ended September 30, 2024 as against net profit  of Rs.626.5 crore for the 6 Months period ended September 30, 2023.

During the quarter, LTTS won two US$ 20 million and four US$ 10 million TCV deals. Additionally, the company won two significant empanelment agreements in Sustainability.

“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 $2 billion revenue with EBIT margin of 17-18%,” said Amit Chadha, CEO & Managing Director, L&T Technology Services Limited.