{"id":834432,"date":"2024-07-19T10:10:00","date_gmt":"2024-07-19T04:40:00","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=834432"},"modified":"2024-07-19T10:10:00","modified_gmt":"2024-07-19T04:40:00","slug":"ltts-net-profit-down-8-qoq-at-rs-313-6-crore","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/19\/ltts-net-profit-down-8-qoq-at-rs-313-6-crore\/","title":{"rendered":"LTTS\u2019 net profit down 8% QoQ at Rs 313.6 crore"},"content":{"rendered":"<p>Facing muted growth and a fall in operating margins, L&amp;T Technology Services said its net profit declined 8% sequentially to Rs 313.6 crore for the first quarter of this fiscal. On a year-on-year basis, the net profit was up 0.8%.<\/p>\n<p>The IT engineering firm\u2019s revenue declined 3% sequentially to Rs 2,461.9 crore in the Q1. On a year-on-year basis, the revenue was up 7%. Operating margins fell to 15.6% in the just concluded quarter from 16.9% in Q4 of FY24. On a year-on-year basis, margins fell by 160 bps (100 bps is 1%).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Facing muted growth and a fall in operating margins, L&amp;T Technology Services said its net profit declined 8% sequentially to Rs 313.6 crore for the first quarter of this fiscal. On a year-on-year basis, the net profit was up 0.8%. The IT engineering firm\u2019s revenue declined 3% sequentially to Rs 2,461.9 crore in the Q1. On a year-on-year basis, the revenue was up 7%. Operating margins fell to 15.6% in the just concluded quarter from 16.9% in Q4 of FY24. On a year-on-year basis, margins fell by 160 bps (100 bps is 1%).<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-834432","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/834432","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=834432"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/834432\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=834432"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=834432"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=834432"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}