L&t Technology Services Ltd. · NSE:LTTS
L&t Technology Services — Q2 FY25 Earnings Presentation
17 slides from L&t Technology Services's earnings presentation, Oct 16, 2024
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 October 16, 2024 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 8% growth in Q2FY25
L&T Technology Services reports 8% growth in Q2FY25 Launches new brand positioning Announces ambition for 3 stand-alone billion dollar segments Mumbai, October 16, 2024: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a global leader in engineering and technology services, announced its re
Slide 3: Highlights and Recognitions
Highlights and Recognitions: ▪ Awarded with the 2024 Caterpillar Supplier Excellence Award, honoring LTTS’ commitment to delivering high-quality products and services that support sustainable growth. ▪ Awarded ‘Partner-level Supplier’ status in John Deere’s Achieving Excellence Program for the fourt
Slide 4: Second Quarter FY25 Results
ENGINEERING THE CHANGE L&T TECHNOLOGY SERVICES LIMITED SECOND QUARTER | FY25 RESULTS Investor Release | Bengaluru, India, October 16, 2024
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 ₹25,729 million for the quarter; up 4.5% QoQ and up 7.8% YoY REVENUE IN USD • Revenue of $306.7 million for the quarter; up 3.9% QoQ and up 6.5% YoY; in constant currency up 3.4% QoQ and up 6.3% YoY PROFIT IN INR • EBIT of ₹3,877 million for the quart
Slide 7: Message from the CEO & Managing Director
MESSAGE FROM THE CEO & MANAGING DIRECTOR Our ‘Go Deeper to Scale’ strategy at the start of the year and focused investments into our 3 segments is starting to show results. We had a strong quarter with 4% sequential growth led by broad-based performance across all 3 segments. Sustainability picked u
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 won a multi-year deal in the Mobility segment from a leading U.S. construction and engineering equipment manufacturer, in the area
Slide 9: Financial Performance
FINANCIAL PERFORMANCE Amount in ₹ million INCOME STATEMENT (CONSOLIDATED) Q2 FY24 Q1 FY25 Q2 FY25 QoQ YoY Revenue 23,865 24,619 25,729 4.5% 7.8% Cost of sales 17,175 17,403 18,192 Gross Profit 6,690 7,216 7,537 4.4% 12.7% Selling, General & Administration Expenses 1,934 2,654 2,877 EBITDA 4,756 4,56
Slide 10: Other Income
Amount in ₹ million OTHER INCOME Q2 FY24 Q1 FY25 Q2 FY25 Income from investments, net 306 373 333 Foreign exchange gains/(loss) 100 83 251 Others -120 35 -53 Total 286 491 531 PAGE 7 L&T TECHNOLOGY SERVICES | Q2 FY 25 - QUARTERLY RESULT
Slide 11: Balance Sheet and Cash Flow Summary (Consolidated)
Amount in ₹ million BALANCE SHEET (CONSOLIDATED) FY24 Q2 FY25 Assets Property and equipment 10,009 9,753 Intangible Assets and Goodwill 6,248 6,224 Accounts Receivable 28,277 29,061 Unbilled Revenues 4,280 5,082 Investments 14,927 17,294 Cash and Cash equivalents 13,905 11,194 Other current assets 2
Slide 12: Operational Performance
OPERATIONAL PERFORMANCE QoQ YoY In Constant Currency Q2 FY24 Q1 FY25 Q2 FY25 Growth Growth QoQ Growth YoY Growth Revenue (USD Mn) 288.1 295.2 306.7 3.9% 6.5% 3.4% 6.3% REVENUE BY VERTICAL Q2 FY24 Q1 FY25 Q2 FY25 QoQ Growth YoY Growth Mobility 33.2% 35.2% 35.5% 4.8% 13.7% Sustainability 31.3% 30.0% 3
Slide 13: Revenue Mix, Project Type and Client Profile
REVENUE MIX Q2 FY24 Q1 FY25 Q2 FY25 Onsite 40.4% 41.1% 41.7% Offshore 59.6% 58.9% 58.3% REVENUE BY PROJECT TYPE Q2 FY24 Q1 FY25 Q2 FY25 Fixed Price 35.8% 36.9% 37.5% Time and Material Contract 64.2% 63.1% 62.5% CLIENT PROFILE Q2 FY24 Q1 FY25 Q2 FY25 Number of Active Clients 362 378 373 30 Million do
Slide 14: Client Contribution, Employee Statistics, Exchange Rate
CLIENT CONTRIBUTION TO REVENUE Q2 FY24 Q1 FY25 Q2 FY25 Top 5 Clients 14.9% 15.0% 15.0% Top 10 Clients 26.1% 26.3% 26.5% Top 20 Clients 41.7% 41.3% 41.5% Client contribution is based on LTM (Last Twelve Months) revenue EMPLOYEE STATISTICS Q2 FY24 Q1 FY25 Q2 FY25 Total Headcount 23,880 23,577 23,698 B
Slide 15: Industry Recognitions
INDUSTRY RECOGNITIONS • Awarded with the 2024 Caterpillar Supplier Excellence Award, honouring LTTS’ commitment to delivering high-quality products and services that support sustainable growth. • Awarded ‘Partner-level Supplier’ status in John Deere’s Achieving Excellence Program for the fourth time
Slide 16: Patents and Corporate Social Responsibility
PATENTS At the end of Q2FY25, the patents portfolio of L&T Technology Services stood at 1,394, out of which 877SOCIAL CORPORATE are co-authored with its customers and the rest are filed by LTTS. RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY As part of its Social Responsibility mandate, LTTS underto
Slide 17: 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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