L&T Technology Services Ltd on Thursday reported a net profit of Rs 1,304 crore in FY24, an 8 per cent growth, with revenue of Rs 9,647 crore which is a 9 per cent growth (year-on-year).The company will also consolidate its existing five .
The muted growth in profit comes on the back of the company seeing a marginal decline in its operating margin which fell from 17.2% in Q3 to 16.9% in Q4, a fall of 30 basis points (1.7%). A year ago, the companys operating margin was at 17.9%.
L&T Technology Services (LTTS) on Thursday reported a marginal 0.2 per cent growth in net profit for the March quarter at Rs 340 crore on slower revenue growth and narrowing of margins. The company said it is planning to add 500 employees during the April-June period.
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