LTTS revenue rises sequentially, profit dips on Intelliswift acquisition

L&T Technology Services (LTTS) reported a sequential increase in its revenue during the quarter ended March, led by growth in its tech and sustainability segments. However, net profit declined due to the impact of the Intelliswift acquisition completed during the quarter

Consolidated revenue increased by 12.4% quarter-on-quarter to Rs 2,982.4 crore in January-March. Meanwhile, the operating margin fell to 13.2% against 15.9% reported in the December quarter, which led to the net profit declining 3.5% to Rs 311.1 crore.