L&T Technology Services reported a 4.1% decline in net profit to ₹322.4 crore for the December 2024 quarter, impacted by narrower profit margins. Revenue rose 9.5% year-on-year to ₹2,653 crore. Operating margin dropped to 15.9% due to salary hikes and acquisition costs. The company aims to achieve 17-18% margins in the medium term, with growth expected in mobility and sustainability verticals. Shares closed 3.1% higher at ₹4,852.75.
