LTTS

L&T Technology Services shares rose 9% after reporting Q3 results, with net profit at ₹322.4 crore, a YoY drop. Revenue increased 9.5% YoY to ₹2,653 crore, driven by strong deal bookings and growth in key sectors. The company targets 10% revenue growth for FY25.

Persistent Systems’ net profit in Q1FY25 was down 2.8% at ₹306.4 crore from ₹315.3 crore in the previous quarter, while L&T Technology Services reported a net profit of ₹313.6 crore in the first quarter of FY25, registering a decline of 8% QOQ.

L&T Tech reported a modest 0.2 percent YoY increase in net profit, reaching ₹340 crore, due to slower revenue growth and a reduction in margins. Its revenue grew 5 percent YoY to ₹2,537.5 crore.