L&T Technology Services (LTTS) posted a primary quarter net profit of ₹311, a 13% enhance over the ₹275 crore it reported within the year-earlier interval. Revenue grew 15% to ₹2,301 crore, it mentioned on Tuesday.
However, sequentially, the corporate’s net profit and income in Q1 declined by 8.5% and a pair of.9%, respectively.
“We had a quarter of strong deal wins across all five segments, the highlight being a $50 million plus deal in telecom and hi-tech. Our customers continue to spend on transformational technologies and seek Engineering, Research, and Development (ER&D) partners who can deliver innovation, speed-to-market, and cost synergies,” mentioned Amit Chadha, CEO & Managing Director, LTTS.
LTTS investments in rising know-how areas like AI, Software Defined Vehicle (SDV) and cybersecurity would proceed to assist it interact with prospects on methods to prioritise strategic spends and enhance market agility, he additional mentioned.
