LTTS’ net profit grew 0.2% to Rs 341 crore

L&T Technology Services (LTTS) reported a net profit of Rs 341 crore in the March quarter of FY24, up 1.4% quarter on quarter (QoQ). The profit for the company grew by just 0.2% on-year.
The muted growth in profit comes on the back of the company seeing a marginal decline in its operating margin which fell from 17.2% in Q3 to 16.9% in Q4, a fall of 30 basis points (1.7%). A year ago, the company’s operating margin was at 17.9%.