LTTS Q2 FY25 Results Preview: Net profit likely to rise 9% vs Q1, margin may expand by 80 bps
LTTS Q2 FY25 Results Preview: LTTS is estimated to register an 8.7 per cent sequential increase in its net profit to Rs 341 crore for the July-September period, according to Zee Business research.
LTTS Q2 FY25 Results Preview: Vadodara-headquartered technology firm L&T Technology Services (LTTS) is set to report its quarterly financial results on Wednesday, October 16. Analysts expect the company to stage a positive financial performance for the second quarter of the current financial year driven by steady growth in incomes amid robust deals.
LTTS Q2 FY25 Earnings Preview | What to expect in LTTS top-line and bottom-line?
According to Zee Business research, LTTS is estimated to register a consolidated net profit of Rs 341 crore for the quarter ended September 30, which translates to growth of 8.7 per cent over the previous three months. The analysts expect its revenue to stand at Rs 2,560 crore or $295.2 million, marking growth of 4.0 per cent and 3.3 per cent respectively.
They estimate the company's revenue to expand 3.0 per cent in constant currency (CC) terms.
LTTS Q2 FY25 Results Preview | What to expect on the operational front?
LTTS is expected to register Rs 421 crore in earnings before interest and taxes (EBIT) for the September quarter, up 9.7 per cent over the previous three months, according to the research.
Zee Business analysts peg the tech firm's margin, a key measure of profitability, at 16.4 per cent for the fiscal second quarter, as against 15.6 per cent for the April-June period.
LTTS Q2 FY25 Results on October 16 | Other key things to watch out for
Here are a few things one can expect in the LTTS Q2 earnings report, according to Zee Business research:
- No change in FY25 guidance at 8-10 per cent
- A rise in income owing to a ramp-up in deals
- Growth in industrial, plant engineering and mobility segments
LTTS Shares
As of October 15, LTTS shares have appreciated 13.4 per cent in the past year, underperforming gains of 27 per cent and 19.2 per cent in the Nifty50 and Nifty IT indices, respectively.
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