Larsen & Toubro Tech Services Q2 net profit up 39.1% to Rs 230 cr

Larsen & Toubro Technology Services (LTTS) on Tuesday posted a 39.1 per cent rise in consolidated net profit to Rs 230 crore for the September 2021 quarter and has raised its dollar revenue growth guidance to 19-20 per cent.

The company had registered a net profit of Rs 165.5 crore in the year-ago period, it said in a regulatory filing.

Its revenue grew 22.4 per cent to Rs 1,607.7 crore in the quarter under review from Rs 1,313.8 crore a year ago, it added.

The company has announced a special dividend of Rs 10 per share to mark the five-year anniversary of LTTS’ IPO and the record date has been set as October 27, 2021.