L&T Tech has announced streamlining and simplifying its structure from existing five segments into three main segments to drive growth, scalability and technology innovation
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.
The company’s new ‘Go Deeper to Scale’ strategy has streamlined the business into three-segment structure focused on mobility sustainability, and hi-tech.