Axis Securities Report
In Q4 FY24, L&T Technology Services Ltd. reported revenue of Rs 2,538 crore, up 5% QoQ. The company reported operating profits of Rs 428 crore, posting growth of 2.9% on a QoQ basis. The company’s operating margins declined by 30 basis points to 16.9%, which was largely led by better cost management and reduced onsite expenses during the quarter. Its net profit for Q4 FY24 stood at Rs 341 crore, registering a growth of 1.4% on a QoQ basis.