L&t Technology Services Ltd. · NSE:LTTS
L&t Technology Services — Q3 FY25 Earnings Presentation
18 slides from L&t Technology Services's earnings presentation, Jan 15, 2025
Slide 1: Cover letter to stock exchanges
L&T Technology Services Limited A.M. Naik Tower,6th Floor, L&T Campus, Gate No.3, Jogeshwari-Vikhroli Link Road, Powai, Mumbai-400072. www.ltts.com January 15, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex Phiroze Jeejeebhoy Towers, Bandra (East), Mum
Slide 2: L&T Technology Services reports 9.5% YoY growth in Q3FY25
L&T Technology Services reports 9.5% YoY growth in Q3FY25 Highest ever large deal bookings Q3 Revenue of ₹2,653 crore, up 3.1% QoQ Q3 Net profit of ₹322 crore, up 0.9% QoQ Mumbai, January 15, 2025: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leader in engineering and technolog
Slide 3: Highlights and Recognitions
Highlights and Recognitions: • Recognized by CII as one of the Top 25 Companies Excelling in Women in STEM, 2024 • Zinnov has rated LTTS as a “Leader” in Digital Engineering and ER&D Services 2024 for Overall ER&D, Digital Engineering Services, Medical Devices, Industry 4.0 and Industrial • Honoured
Slide 4: Third Quarter FY25 Results
ENGINEERING THE CHANGE L&T TECHNOLOGY SERVICES LIMITED THIRD QUARTER | FY25 RESULTS Investor Release | Mumbai, India, January 15, 2025
Slide 5: Safe Harbour Statement
SAFE HARBOUR STATEMENT Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. L&T Technology Ser
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS REVENUE IN INR • Revenue of ₹26,530 million for the quarter; up 3.1% QoQ and up 9.5% YoY REVENUE IN USD • Revenue of $311.9 million for the quarter; up 1.7% QoQ and up 7.3% YoY; in constant currency up 3.1% QoQ and up 8.7% YoY PROFIT IN INR • EBIT margin at 16.2% excluding one-t
Slide 7: Message from the CEO & Managing Director
MESSAGE FROM THE CEO & MANAGING DIRECTOR Our ‘Go Deeper to Scale’ strategy under which we made focussed investments in the first half of the current fiscal has started yielding results. In Q3, we had the highest ever deal booking TCV aided by eight large deals across segments - one USD 50 million, t
Slide 8: Performance Highlights
PERFORMANCE HIGHLIGHTS KEY DEAL WINS LTTS closed several multi-million dollar projects from global customers across segments. The major wins are listed below: • LTTS has secured a major Mobility deal to provide engineering design services, supporting the customer’s Product Development team. • Awarde
Slide 9: Financial Performance
FINANCIAL PERFORMANCE INCOME STATEMENT (CONSOLIDATED) Amount in ₹ million Q3 FY24 Q2 FY25 Q3 FY25 QoQ YoY Revenue 24,218 25,729 26,530 3.1% 9.5% Cost of sales 17,141 18,192 18,849 Gross Profit 7,077 7,537 7,681 1.9% 8.5% Selling, General & Administration Expenses 2,200 2,877 2,734 EBITDA 4,877 4,660
Slide 10: Other Income
Amount in ₹ million OTHER INCOME Q3 FY24 Q2 FY25 Q3 FY25 Income from investments, net 305 333 385 Foreign exchange gains/(loss) 159 251 -112 Others 29 -53 -93 Total 493 531 180 PAGE 7 L&T TECHNOLOGY SERVICES | Q3 FY 25 - QUARTERLY RESULT
Slide 11: Balance Sheet and Cash Flow Summary (Consolidated)
Amount in ₹ million BALANCE SHEET (CONSOLIDATED) FY24 Q3 FY25 Assets Property and equipment 10,009 9,254 Intangible Assets and Goodwill 6,248 6,239 Accounts Receivable 28,277 28,539 Unbilled Revenues 4,280 5,320 Investments 14,927 12,248 Cash and Cash equivalents 13,905 20,653 Other current assets 2
Slide 12: Operational Performance
OPERATIONAL PERFORMANCE QoQ YoY In Constant Currency Q3 FY24 Q2 FY25 Q3 FY25 Growth Growth QoQ Growth YoY Growth Revenue (USD Mn) 290.7 306.7 311.9 1.7% 7.3% 3.1% 8.7% REVENUE BY VERTICAL Q3 FY24 Q2 FY25 Q3 FY25 QoQ Growth YoY Growth Mobility 33.2% 35.5% 32.4% -7.1% 4.7% Sustainability 31.2% 30.8% 3
Slide 13: Revenue Mix, Project Type and Client Profile
REVENUE MIX Q3 FY24 Q2 FY25 Q3 FY25 Onsite 41.3% 41.7% 41.4% Offshore 58.7% 58.3% 58.6% REVENUE BY PROJECT TYPE Q3 FY24 Q2 FY25 Q3 FY25 Fixed Price 38.5% 37.5% 41.2% Time and Material Contract 61.5% 62.5% 58.8% CLIENT PROFILE Q3 FY24 Q2 FY25 Q3 FY25 Number of Active Clients 364 373 378 30 Million do
Slide 14: Client Contribution, Employee Statistics, Exchange Rate
CLIENT CONTRIBUTION TO REVENUE Q3 FY24 Q2 FY25 Q3 FY25 Top 5 Clients 15.7% 15.0% 15.2% Top 10 Clients 26.6% 26.5% 26.8% Top 20 Clients 41.7% 41.5% 39.9% Client contribution is based on LTM (Last Twelve Months) revenue EMPLOYEE STATISTICS Q3 FY24 Q2 FY25 Q3 FY25 Total Headcount 23,298 23,698 23,465 B
Slide 15: Industry Recognitions and Acquisitions
INDUSTRY RECOGNITIONS • Recognized by CII as one of the Top 25 Companies Excelling in Women in STEM, 2024 • Zinnov has rated LTTS as a “Leader” in Digital Engineering and ER&D Services 2024 for Overall ER&D, Digital Engineering Services, Medical Devices, Industry 4.0 and Industrial • Honoured as the
Slide 16: Other Highlights
OTHER HIGHLIGHTS The 3rd annual Digital Engineering Awards, co-hosted by ISG, L&T Technology Services, and CNBC-TV18, celebrated digital engineering principles and technologies across Mobility, Sustainability, and Tech. Over 90 global organizations participated from North America, Europe, India, Jap
Slide 17: Patents and Corporate Social Responsibility
PATENTS At the end of Q3FY25, the patents portfolio of L&T Technology Services stood at 1,448, out of which 903 are co-authored with its customers and the rest are filed by LTTS. CORPORATE SOCIAL RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY As part of its Social Responsibility mandate, LTTS undert
Slide 18: About L&T Technology Services
ABOUT L&T TECHNOLOGY SERVICES L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and sustenance services across products and processes. Purposeful. Agile. Innovation. is how we
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