Advertisment

L&T Technology Services shares jump 4% after Q3 earnings

author-image
NewsDrum Desk
New Update
Larsen and Toubro Technology Services

Representative image

New Delhi: Shares of L&T Technology Services (LTTS) jumped 4 per cent on Wednesday after it reported a 13.3 per cent growth in December quarter net profit at Rs 336.2 crore.

Advertisment

The stock of L&T's engineering services arm climbed 4 per cent to Rs 5,563.85 on the BSE.

It jumped 3.99 per cent to Rs 5,563.70 on the NSE.

L&T Technology Services had reported a post-tax profit of Rs 296.8 crore in the year-ago period and Rs 315.4 crore in the September quarter.

Advertisment

Its overall revenue grew to Rs 2,421.8 crore for the reporting quarter, as against Rs 2,157 crore in the year-ago period and Rs 2,386.5 crore in the quarter-ago period.

The operating profit grew 11.9 per cent to Rs 487.7 crore from the year-ago period's Rs 435.6 crore.

Advertisment
Advertisment
Subscribe