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LTTS reports 67% net profit surge to Rs 548.2 crore, driven by SWC business

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LTTS reports 67% net profit surge to Rs 548.2 crore, driven by SWC business

Business News Tech IT LTTS reports 67% net profit surge to Rs 548.2 crore, driven by SWC business

LTTS reports 67% net profit surge to Rs 548.2 crore, driven by SWC business

The Pune-headquartered company booked a capital gain of Rs 165 crore from the SWC divestment. Profit from continuing operations rose about 20% from a year earlier and 7.9% sequentially to Rs 379.6 crore.

Mid-tier engineering services firm L&T Technology Services (LTTS) on Monday reported a nearly 67% year-on-year increase in September-quarter net profit to Rs 548.2 crore, helped by a one-time gain from the sale of its Smart World and Communication (SWC) business. Profit rose almost 54% sequentially.The Pune-headquartered company booked a capital gain of Rs 165 crore from the SWC divestment. Profit from continuing operations rose about 20%

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