L&T Tech Services shares zoom 10% as investors give thumbs-up to Q3 numbers; here are the details

The mid-tier IT services company reported a 3.1% quarter-on-quarter (QoQ) and 9.5% year-on-year (YoY) rise in its consolidated revenue at ₹2,653 crore for the quarter.

The company had reported a revenue of ₹2,421.8 crore in the year-ago period.

In US dollar terms, the company reported a revenue of $311.9 million, up 1.7% QoQ and up 7.3% YoY, while in constant currency (CC) terms, revenue grew 3.1% QoQ and 8.7% YoY.

Its net income, or net profit, came in at ₹322.4 crore during the quarter under review. The figure is up 0.9% QoQ but down 4.1% on a YoY basis.

For FY25, the company has guided for nearly 10% revenue growth in constant currency, including the contribution from Intelliswift. "We reaffirm our medium-term outlook of $2 billion revenue with an EBIT margin of 17-18%," the company added.

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