L&T Technology Services Q3 net profit up 33.7% YoY to Rs 249 cr

Profit up 8.17% sequentially; revenue growth 20% YoY at Rs 1,687 crore

L&T Technology Services reported net profit of Rs 248.8 crore up 33.7 per cent year-on-year and grew 8.17 per cent on sequential basis.

The company reported revenue growth of 20 per cent year-on-year at Rs 1,687 crore and was up almost 5 per cent on quarter-on-quarter basis.

During the quarter, LTTS won a $45 million deal and a total of three deals with TCV of $10 million plus. Revenues from digital and leading-edge technologies stood at 56 per cent during the quarter.

“We sustained our performance trajectory with sequential growth of 4.2 per cent in constant currency led by strong demand across segments.