L&T Tech Q2 Review: A Comprehensive Analysis of the Company’s Performance
L&T Technology Services Ltd. has reported a resilient performance in the second quarter of the fiscal year, with revenue standing at Rs 2,980 crore, up 4% quarter-on-quarter (QoQ) and 15.8% year-on-year (YoY). The company’s USD revenue rose 10.4% YoY in constant currency (CC) terms, while the margin improved to 13.4%.
Key Highlights of L&T Tech’s Q2 Performance
The company’s revenue from operations stood at Rs 2,980 crore, up 4% QoQ and 15.8% YoY. The EBITDA margin improved to 13.4%, while the net profit stood at Rs 226 crore, up 10.3% YoY. L&T Tech’s proactive push towards AI-driven solutions is evident in its 216 GenAI patents and successful monetization of platforms like PLxAI and QGuard.ai.
Segment-Wise Performance of L&T Tech
The company’s revenue from the Sustainability segment rose by 24.1% YoY, while the Tech segment reported a growth of 20.5% YoY. The Transportation segment also reported a growth of 14.1% YoY. L&T Tech’s proactive push towards AI-driven solutions is evident in its 216 GenAI patents and successful monetization of platforms like PLxAI and QGuard.ai.
Investment Analysis and Target Price
IDBI Capital has maintained its ‘Buy’ rating on L&T Tech, with a target price of Rs 4,500. The brokerage firm has cited the company’s strong revenue growth, improving margin, and proactive push towards AI-driven solutions as the key reasons for its positive outlook. Investors can consider investing in L&T Tech for the long term, given its strong growth prospects and competitive advantage in the industry. For more information on how to invest in the stock market, please visit our website.
Conclusion
In conclusion, L&T Tech’s Q2 performance has been resilient, with revenue standing at Rs 2,980 crore, up 4% QoQ and 15.8% YoY. The company’s proactive push towards AI-driven solutions is evident in its 216 GenAI patents and successful monetization of platforms like PLxAI and QGuard.ai. Investors can consider investing in L&T Tech for the long term, given its strong growth prospects and competitive advantage in the industry. For more information on stock market news and Nifty today, please visit our website.
