L&T Technology Services: Q2 Results

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Net Profit jumped by 5% Y-o-Y · Revenue jumped by 5% Y-o-Y · EBIT Margin at 17.1%

Performance Highlights

· Revenue at ₹ 2,386.5 Cr; growth at 4% QoQ · USD Revenue at $ 288.1 million; growth of 1.4% YoY and 3.2% QoQ in constant currency · Net profit at ₹ 315.4 Cr

Management Commentary

· Registered a 3.2% sequential growth in constant currency. · Seven deals, each exceeding USD 10 million in Total Contract Value (TCV). · Six of these deals were a whopping USD 15 million each.

Dividend and EPS

Dividend: Interim Dividend of ₹ 17 per share announced; Record date October 27, 2023 EPS: The earnings per share (EPS) stood at ₹ 28.41