L&T Technology Services Limited (BOM:540115)

L&T Technology Services Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	106,701	96,473	88,155	65,697	54,497
Other Revenue	2,100	-	-	-320	548
Revenue	108,801	96,473	88,155	65,377	55,045
Revenue Growth (YoY)	12.78%	9.44%	34.84%	18.77%	-3.64%
Cost of Revenue	56,885	50,216	46,991	37,122	34,144
Gross Profit	51,916	46,257	41,164	28,255	20,901
Selling, General & Admin	-	401	340	238	175
Other Operating Expenses	30,891	26,198	23,029	14,136	9,896
Operating Expenses	33,944	29,812	25,899	16,604	12,519
Operating Income	17,972	16,445	15,265	11,651	8,382
Interest Expense	-565	-509	-444	-437	-455
Interest & Investment Income	-	816	876	492	282
Currency Exchange Gain (Loss)	-	502	676	905	409
Other Non Operating Income (Expenses)	-	72	103	148	113
EBT Excluding Unusual Items	17,407	17,326	16,476	12,759	8,731
Gain (Loss) on Sale of Investments	-	520	356	294	188
Gain (Loss) on Sale of Assets	-	163	16	5	-3
Other Unusual Items	-	29	6	34	57
Pretax Income	17,407	18,038	16,860	13,092	8,973
Income Tax Expense	4,772	4,975	4,696	3,486	2,308
Earnings From Continuing Operations	12,635	13,063	12,164	9,606	6,665
Minority Interest in Earnings	32	-26	-43	-36	-32
Net Income	12,667	13,037	12,121	9,570	6,633
Net Income to Common	12,667	13,037	12,121	9,570	6,633
Net Income Growth	-2.84%	7.56%	26.66%	44.28%	-18.97%
Shares Outstanding (Basic)	106	106	106	105	105
Shares Outstanding (Diluted)	106	106	106	105	105
Shares Change (YoY)	0.06%	0.10%	0.38%	0.03%	0.09%
EPS (Basic)	119.70	123.34	114.81	90.91	63.32
EPS (Diluted)	119.44	123.00	114.48	90.74	62.90
EPS Growth	-2.89%	7.44%	26.16%	44.26%	-19.05%
Free Cash Flow	13,695	12,400	11,315	8,438	12,554
Free Cash Flow Per Share	129.13	117.00	106.87	80.00	119.05
Dividend Per Share	-	50.000	45.000	25.000	22.000
Dividend Growth	-	11.11%	80.00%	13.64%	4.76%
Gross Margin	47.72%	47.95%	46.70%	43.22%	37.97%
Operating Margin	16.52%	17.05%	17.32%	17.82%	15.23%
Profit Margin	11.64%	13.51%	13.75%	14.64%	12.05%
Free Cash Flow Margin	12.59%	12.85%	12.83%	12.91%	22.81%
EBITDA	21,025	17,814	16,533	12,876	9,650
EBITDA Margin	19.32%	18.46%	18.75%	19.70%	17.53%
D&A For EBITDA	3,053	1,369	1,268	1,225	1,268
EBIT	17,972	16,445	15,265	11,651	8,382
EBIT Margin	16.52%	17.05%	17.32%	17.82%	15.23%
Effective Tax Rate	27.41%	27.58%	27.85%	26.63%	25.72%
Revenue as Reported	108,801	98,546	90,188	67,221	56,034
Advertising Expenses	-	359	282	203	150

Source: S&P Global Market Intelligence. Standard template. Financial Sources.