L&T Technology Services Q4 net profit jumps 18% YoY

l&t technology services

L&T Technology Services, an engineering services company, has announced an 18 percent YoY increase in its net profit to Rs 309.6 crore for the Q4 that ended on March 31, 2023. This is a substantial growth compared to the Rs 262 crore profit posted in the corresponding quarter last year. The profit for the quarter was in line with the CNBC-TV18 Polls prediction, which had anticipated a profit of Rs 309.5 crore. The company’s robust performance was driven by increased demand for engineering services and continued focus on operational efficiency. The company’s shareholders are likely to benefit from this growth in profits.