L&T Technology Services Limited Announces Strong Q3FY25 Results and Strategic Acquisitions

L&T Technology Services Limited, a global leader in engineering and technology services, has announced its impressive results for the third quarter ended December 31, 2024. The company reported a revenue of Rs. 26,530 million, showing a growth of 3.1% QoQ and 9.5% YoY. In USD revenue, the company achieved $312 million, with a growth of 3.1% QoQ and 8.7% YoY in constant currency.

One of the highlights of the quarter was the EBIT margin at 16.2%, excluding one-time non-operational M&A expense, which saw an increase of 110 bps QoQ. The net profit for the quarter stood at Rs. 3,224 million, showing a growth of 0.9% QoQ. Additionally, the company secured 8 large deals, including one USD 50 million deal, two USD 35 million deals, two USD 25 million deals, and three USD 10 million deals.

Amit Chadha, CEO & Managing Director of L&T Technology Services Limited, expressed satisfaction with the strong quarter, highlighting the growth in the Tech and Sustainability segments. The company’s strategy of investing upfront in the first half of the fiscal year has started to yield results, with growth and margin improvement.

Furthermore, L&T Technology Services has been recognized for its excellence in various areas, including being named one of the Top 25 Companies Excelling in Women in STEM by CII and rated as a “Leader” in Digital Engineering and ER&D Services by Zinnov. The company has also received awards such as the Government System Integration Partner of the Year FY24 and the 2025 BIG Innovation Award in Transportation for AnnotAI.

With a patents portfolio of 1,448, L&T Technology Services continues to focus on innovation and AI-led solutions. The company’s employee strength stood at 23,465 at the end of Q3FY25.

Overall, L&T Technology Services Limited’s strong performance in the third quarter showcases its commitment to innovation, growth, and delivering value to its clients.