New Delhi: L&T Technology has released its results for the second quarter of FY 2025 after the stock market closed on Wednesday. The company has reported a 2 percent increase in net profit for the July-September quarter, which stood at Rs 320 crore, as against Rs 315 crore in the same quarter a year ago. At the same time, the company's revenue from operations grew by 8 percent in the reported quarter, which was recorded at Rs 2,573 crore, while it was Rs 2,386 crore in the year-ago quarter.

Shareholders will get huge dividend.

Apart from this, the board of L&T Technology has also announced to issuing of a dividend to its shareholders. The company will issue a dividend of Rs 17 per share to its shareholders. October 25 has been fixed as the record date for this. Amit Chadha, CEO and MD of L&T Tech, said, “With our pipeline compressing as well as large-sized deals related to advanced technology-based transformation, we are confident about the outlook we have set for ourselves and our medium-term outlook of $2 billion revenue with an EBIT margin of 17-18%.”

The company's EBIT margin decreased.
 

Let us tell you that in the recorded quarter, the company's revenue grew by 4% quarter-on-quarter, while in dollar terms it grew by 6% year-on-year to $307 million. EBIT margin for the quarter that ended September 2024 stood at 15.1%, a decline of 50 basis points quarter-on-quarter.

During the July-September 2024 quarter, LTTS secured two $20 million and four $10 million TCV deals. In addition, the company won two significant panel agreements in sustainability. At the end of Q2FY25, L&T Tech's patent portfolio stood at 1,394, of which 877 are co-authored with its customers and 517 are filed on behalf of the company.