L&T Technology Services down 20%

 

  • L&T Technology Services down 20%
  • LTTS has won a first-of-its-kind program in India worth around $100 million (INR 800 Crore) from Maharashtra State Cyber Department, under the Government of Maharashtra. This initiative extends LTTS’ commitment to developing secure, digitally interconnected smart and safe cities through premier Cyber Security and Digital Forensic solutions consolidated under one umbrella.
  • FY24 Revenue of ₹9,647 crore, up 9% YoY 
  • FY24 Net profit of ₹1,304 crore, up 8% YoY
  • EBIT of ₹16,474 million for the year; EBIT margin at 17.1% 
  • Net Income of ₹13,037 million for the year, growth of 7.6%; 
  • Net margin at 13.5%  
  • Final Dividend of ₹33 per share; Dividend pay-out ratio (1) of 41% for the year 
  • ROE (2) of 27% for the year

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