L&T Technology Services Ltd. (LTTS) has announced its Q3 FY25 results, showcasing steady growth with significant achievements in large deal bookings. However, the company's topline and bottomline fell slightly below market expectations.
Key Highlights from Q3 Results
Record-Breaking Large Deal Bookings
LTTS achieved its highest-ever large deal bookings during the December quarter, including:
"Our large deal TCV has seen a healthy increase with eight wins across segments. The pipeline remains robust, supported by customer engagements on new-age product and platform development and business transformation," said Amit Chadha, CEO and Managing Director of LTTS.
Guidance for FY25
LTTS has set an ambitious target of nearly 10% revenue growth in constant currency for FY25, including contributions from its acquisition of Intelliswift. The company reaffirmed its medium-term goal of achieving $2 billion in revenue with an EBIT margin of 17-18%.
Market Performance
Shares of LTTS closed at ₹4,870 on Wednesday, down 3.47%.
Conclusion
While LTTS's Q3 results were slightly below expectations, the company demonstrated resilience through robust large deal wins and a clear growth trajectory for FY25. Its strong pipeline and strategic focus on engineering innovation are expected to drive future growth.
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