Shares of L&T Technology Services fell as much as 7% on Friday to Rs 4,165.90 on the BSE after the company reported a 9% year-on-year decline in net profit for the fourth quarter of FY25.
The IT services firm reported a net profit of Rs 311 crore for the quarter ended March 2025, down from Rs 341 crore in the same period last year.
Despite the profit contraction, L&T Technology Services reported a 17.5% increase in revenue from operations at Rs 2,982.4 crore in the January-March quarter.
The company declared a final dividend of Rs 38 per equity share for FY25, with the record date yet to be announced. The dividend will be paid within 30 days of receiving the required approvals.
The IT firm posted an EBIT margin of 13.2% and an EBITDA margin of 19.8% for the March quarter. Its revenue in U.S. dollar terms grew 13.1% year-on-year to $345.1 million. Meanwhile, the company's employee headcount at the end of the quarter stood at 24,258.
CEO and MD Amit Chadha said the quarter saw the company’s highest-ever total contract value (TCV) bookings, with strong sequential revenue growth of 10.7%, led by the Tech and Sustainability segments.
Chadha said the technology environment is shifting toward AI and automation, opening new avenues for growth. He reaffirmed the company’s medium-term goal of achieving $2 billion in revenue, and said FY26 is expected to be stronger than FY25 based on recent deal momentum.
Also read | L&T Technology Services shares in focus after signing €50 million deal with European auto manufacturer
Shares of L&T Technology Services have fallen 22% in the past three months and are down 19% over the last year. The stock has slipped 7.4% in the last month.
Technical indicators show the stock is trading below all eight of its key simple moving averages, including the 50-day, 100-day, 150-day, and 200-day levels. The 14-day Relative Strength Index (RSI) is at 51.5, suggesting neutral momentum.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
The IT services firm reported a net profit of Rs 311 crore for the quarter ended March 2025, down from Rs 341 crore in the same period last year.
Despite the profit contraction, L&T Technology Services reported a 17.5% increase in revenue from operations at Rs 2,982.4 crore in the January-March quarter.
The company declared a final dividend of Rs 38 per equity share for FY25, with the record date yet to be announced. The dividend will be paid within 30 days of receiving the required approvals.
The IT firm posted an EBIT margin of 13.2% and an EBITDA margin of 19.8% for the March quarter. Its revenue in U.S. dollar terms grew 13.1% year-on-year to $345.1 million. Meanwhile, the company's employee headcount at the end of the quarter stood at 24,258.
CEO and MD Amit Chadha said the quarter saw the company’s highest-ever total contract value (TCV) bookings, with strong sequential revenue growth of 10.7%, led by the Tech and Sustainability segments.
Chadha said the technology environment is shifting toward AI and automation, opening new avenues for growth. He reaffirmed the company’s medium-term goal of achieving $2 billion in revenue, and said FY26 is expected to be stronger than FY25 based on recent deal momentum.
Also read | L&T Technology Services shares in focus after signing €50 million deal with European auto manufacturer
Shares of L&T Technology Services have fallen 22% in the past three months and are down 19% over the last year. The stock has slipped 7.4% in the last month.
Technical indicators show the stock is trading below all eight of its key simple moving averages, including the 50-day, 100-day, 150-day, and 200-day levels. The 14-day Relative Strength Index (RSI) is at 51.5, suggesting neutral momentum.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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