Overview
- LTM reported revenue from operations of Rs 10,988.3 crore, up 1.9% quarter-on-quarter and 16.6% year-on-year, while standalone net profit after tax fell to Rs 1,241.1 crore, a 3.5% sequential decline.
- Profit before tax declined to Rs 1,680.7 crore from Rs 1,783.6 crore in the prior quarter as total expenses rose to Rs 9,358.5 crore.
- Sub-contracting costs increased sharply to Rs 1,379.1 crore from Rs 1,162.1 crore, while employee benefits expense remained largely flat at Rs 6,261.9 crore.
- LTM’s board approved Nabha Power Ltd’s request to move from the 'Promoter Group' to the 'Public' category, a corporate reclassification that now requires approvals under SEBI listing regulations.
- A post-publication inconsistency between an article headline and its body over reported profit figures was flagged, so investors should verify numbers against the company’s official exchange filings.