LTTS Q2 FY24 Results Key Highlights

  • In Q2 Consolidated Revenue up 4.5% and Net Profit is up 5% YoY
  • EBIT Margins 17.1%
  • During the quarter, LTTS won seven $10m plus Total Contract Value (TCV) deals across all industry segments including six deals of $15m each
  • At end of Q2, Patent Portfolio of LTTS stood at 1198, out of which 785 are co-authored with its customers and rest are filled by LTTS
  • Long term trends for ER&D are strong but in short term longer decision cycles and incremental headwinds from macro-economic stress
  • Cash and Investments as on 30th Sep 2023 is Rs.2270 Cr
  • Will maintain EBIT margins at 17% for now and by H1 FY26 will try to reach at 18%
  • Key Deals Wins

  • Reduced Constant Currency revenue growth guidance for FY24 from 20% to 17.5% to 18.5%
  • Revenue by Verticals

  • Revenue by Geography

  • Client Contribution

  • Q1 Attrition Rate 16.7% vs 24.1% YoY
  • Q1 Total Headcount 23880 vs 22265 YoY



LTTS Investor Presentation

LTTS Concall Recording