Highlights for Q4FY24 include: Revenue at 25,375 million; growth of 7% YoY and 5% QoQ
USD Revenue at
EBIT margin at 16.9%
Net profit at 3,409 million
During the quarter, LTTS signed
Highlights for FY24 include: Revenue at 96,473 million; growth of 9%
USD Revenue at
EBIT margin at 17.1%
Net profit at 13,037 million; growth of 8%
Final dividend of 33 per share recommended by the Board
'With a strong 5.1% sequential growth in Q4, our revenue run-rate has now crossed the
We are proud of the milestones achieved in FY24 which include the successful integration of SWC into LTTS, securing several significant wins in cybersecurity and next-generation communications supported by a comprehensive portfolio, filing 54 patents in AI along with a total of 1,296 patents to date, and developing a robust pipeline of opportunities in the Software-Defined Vehicle (SDV) domain.
We are now embarking on the next stage of growth with a 'Go Deeper to Scale' strategy under which we will streamline our organization into 3 segments - Mobility, Sustainability and Hi-Tech. This cohesive structure will enhance our agility and domain specialization to unlock higher value for customers and employees.' said
Highlights and Recognitions
ISG has rated LTTS in the leadership zone across Digital Engineering Services for
Design and Development (Products, Services and Experiences)
Integrated Customer/User Engagement
Intelligent Operations, and Platform and Applications Services
LTTS has been recognized with Impactful Co-creation award by IIT Madras
The Economic Times CFO Award for Leadership in Sustainability was awarded to LTTS for ESG in the large enterprises segment
LTTS has been awarded the Best Technology Company in Diversity, Equality and Inclusion (DE&I) by
Patents
At the end of Q4FY24, the patents portfolio of
Human Resources
At the end of Q4FY24, LTTS' employee strength stood at 23,812.
Revenue growth of 17.9% is calculated on FY23 revenue (USD) prior to the restatement due to SWC in accordance with Ind AS requirements applicable to common control transactions, and in constant currency based on 4QFY23 exchange rates.
About
Contact:
Email: Aniruddha.Basu@LTTS.com
Tel: +91-80-67675173
Email: Anindita.Sarkar@LTTS.com
(C) 2024 Electronic News Publishing, source