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Hot Pursuit News

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(19 Jul 2024, 11:02)

LTTS slides as PAT declines 8% YoY to Rs 313 crore in Q1

L&T Technology Services (LTTS) shed 1.14% to currently trade at Rs 4,790 after its consolidated net profit fell 8.01% to Rs 313.6 crore in Q1 FY25 as compared with Rs 313.6 crore in Q4 FY24.


Revenue from operations fell 2.98% quarter on quarter (QoQ) to Rs 2,461.9 crore in the quarter ended 30 June 2024.

As compared with Q1 FY24, the company’s net profit rose 0.8% and revenue climbed 6.97% in the quarter.

Profit before tax stood at Rs 432.7 crore, down 8.13% QoQ and up 0.37% YoY during the quarter under review.

EBITDA declined by 9.3% QoQ and 0.7% YoY to Rs 4,562 crore in first quarter of FY25. EBITDA margin fell to 18.5% in Q1 FY25 as against 19.8% in Q4 FY24 and 19.7% in Q1 FY24. EBIT margin was at 15.6% in Q1 FY25 as against 16.9% in Q4 FY24 and 17.2% Q1 FY24.

In dollar terms, the company's revenue stood at $295.2 million in Q1 FY25, registering de-growth of 3.3% QoQ and growth of 5.4% YoY. In constant currency, the firm reported a fall of 3.1% QoQ and 6....

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