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Hot Pursuit News

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(26 Apr 2024, 10:56)

L&T Tech records PAT of Rs 341 cr in Q4 FY24; declares dividend of Rs 33/ share

L&T Technology Services said that its consolidated net profit increased 1.4% to Rs 340.9 crore in Q4 FY24 as compared with Rs 336.2 crore in Q3 FY24.


Revenue from operations jumped 7.04% to Rs 2,537.5 crore in the quarter ended 31 March 2024 as compared with Rs 2,370.6 crore in the quarter ended 31 December 2023.

As compared with Q4 FY23, the company’s net profit declined 5.41% and revenue fell 6.58% in the quarter.

Profit before tax stood at Rs 471 crore, up 1.18% QoQ and 1.86% YoY in Q4 FY24

EBITDA increased by 3.1% QoQ and 4.7% YoY to Rs 502.8 crore in Q4 FY24. EBITDA margin stood improved to 19.8% as in Q4 FY24 as against 20.1% in Q3 FY24 and 20.3% in Q4 FY23. EBIT margin was at 16.9% in Q4 FY24 as against 17.2% in Q3 FY24 and 17.9% Q4 FY23.

In dollar terms, the company's revenue stood at $305.1 million in Q4 FY24, registering a growth of 5% QoQ and 5.8% YoY. In constant currency, the firm reported a rise of 5.1% Qo...

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