L&T Technology Services Ltd. News and Updates

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Author: Prabhudas Lilladhar

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L&T Technology Services Ltd.

21 Apr 2022

4474.20

-0.43%

L&T Technology Services net profit grows 35% to Rs 262 crore in Q4

Business Standard

L&T Technology Services on Thursday reported an increase of 34.7 per cent in consolidated net profit to Rs 262 crore for the quarter ended March 2022. The company had posted a net profit of Rs 194.5 crore in the same period a year ago. "We achieved several milestones in FY22 a dollar revenue growth of 20 per cent in constant currency, record high operating margins, and more than three-fold increase in patents filed by our engineers. "Our growth was broad based with all five segments growing in double digits and showing an improvement in operating margins,'' L&T Technology Services (LTTS) CEO and Managing Director Amit Chadha said in a statement. The consolidated revenue from operations grew by about 22 per cent to Rs 1,756.1 crore from Rs 1,440.5 crore in the March 2021 quarter. "...In the fourth quarter, we won a USD 100 million plus deal in the EACV (electric autonomous connected vehicles) space - being chosen as the strategic engineering partner for a new age electric VTOL

L&T Technology Services Ltd. is trading above its 50 day SMA of 4411.7

L&T Technology Services Ltd.

21 Apr 2022

4474.20

-0.43%

to see Rapid results content

L&T Technology Services Ltd.

29 Mar 2022

4474.20

-0.43%

LTTS forays into Meta world, to carve out business unit for Metaverse

Business Standard

Amit Chadha, who completes a year at the helm of the company, last year had called out six big bets and changed the narrative of the company's focus

L&T Technology Servi.. has an average target of 4893.50 from 6 brokers.

L&T Technology Services Ltd.

21 Mar 2022

4474.20

-0.43%

L&T Technology Services aims for carbon, water neutrality by 2030

Business Standard

L&T Technology Services (LTTS) aims to achieve carbon and water neutrality by 2030 and has unveiled its first sustainability report, the company said on Monday. The report, conforming to the Global Reporting Initiative (GRI), presents LTTS' sustainability efforts across its key elements for fiscal 2020-21. "L&T Technology Services Limited, a leading global pure-play engineering services company, released its first Sustainability Report for the year 2020-21, with a roadmap to achieve carbon and water neutrality by 2030," the company said in a statement. LTTS has identified sustainability as one of its six 'Big Bets' on emerging technology areas and one that cuts across the other 5 'Big Bets' comprising Electric Autonomous and Commercial Vehicles (EACV), 5G, MedTech, Artificial Intelligence and digital products and digital manufacturing. LTTS' sustainability practice is building engineering services-based innovative digital solutions that align with the customers' sustainability

L&T Technology Services Ltd. is trading below its 100 day SMA of 4741.0

LT Technology Services aims for carbon, water neutrality by 2030

Moneycontrol | 21 Mar 2022

L&T Technology Services Ltd.

19 Jan 2022

4474.20

-0.43%

L&T Technology Services wins $45 million EV Deal from US Auto Tier 1

Business Standard

L & T Technology Services Limited (BSEUnder the terms of the 5-year agreement, LTTS will work with the customer to deliver solutions leveraging its e-mobility technology competence. Notably, this will be delivered from LTTS' ER & D center in Krakow, Poland.LTTS plans to have over 300 engineers working from its Krakow, Poland center in the next 3 years, marking its expansion into Eastern Europe.Amit Chadha, CEO & Managing Director, L & T Technology Services said, "We have been investing in Electric, Autonomous and Connected Vehicle (EACV) as part of our 6 big bets and our engineers have developed several new scalable e-mobility solutions that can accelerate global automotive players' EV development journey.This landmark deal reinforces that our strategic investment is paying off and establishes LTTS' dominant position in the EACV landscape. The Krakow R & D center will serve as a nearshore center to Western European and North American clientele across...

L&T Technology Services Ltd. is trading above its 50 day SMA of 4411.7

LTTS bags $45 million EV deal from US automotive firm

livemint | 19 Jan 2022

L&T Technology Services Ltd.

18 Jan 2022

4474.20

-0.43%

Earnings Call for Q3FY22 of L&T Technology Services

Conference Call with L&T Technology Services Management and Analysts on Q3FY22 Performance and Outlook. Listen to the full earnings transcript.

audio

L&T Technology Services Ltd.

20 Oct 2021

4474.20

-0.43%

Q2FY22 Result Update - Well positioned to benefit from strong growth in digital engineering - BUY

Buy: L&T Technology Services Ltd.

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Prabhudas Lilladhar

highest ever margin of 18.4% +116bps QoQ (Ple: 17.3%, Cons: 17%) despite high supply side cost pressures, driven by productivity gains and revenue growth leverage. We believe that margins may not sustain at these levels and will come back to ~17.3% in 2HFY22 given headwinds from rising attrition, probable wage hike and come-back of travel and facility costs. Deal traction was healthy with total 9 deals, 5 of these with TCV of USD10 million plus, which includes 2 USD25 million plus deals. Given strong demand momentum management has increased USD revenue growth guidance to 1920% from earlier 15-17% (previously 13-15%). Revenue guidance implies 3.54% sequential growth in Q3 and Q4. Management mentioned that they are...

L&T Technology Services Ltd. is trading above its 50 day SMA of 4411.7

L&T Technology Services Ltd.

19 Oct 2021

4474.20

-0.43%

Earnings Call for Q2FY22 of L&T Technology Services

Conference Call with L&T Technology Services Management and Analysts on Q2FY22 Performance and Outlook. Listen to the full earnings transcript.

audio

L&T Technology Services Ltd.

19 Oct 2021

4474.20

-0.43%

Larsen & Toubro Tech Services Q2 net profit up 39.1% to Rs 230 cr

Business Standard

Larsen & Toubro Technology Services (LTTS) on Tuesday posted a 39.1 per cent rise in consolidated net profit to Rs 230 crore for the September 2021 quarter and has raised its dollar revenue growth guidance to 19-20 per cent. The company had registered a net profit of Rs 165.5 crore in the year-ago period, it said in a regulatory filing. Its revenue grew 22.4 per cent to Rs 1,607.7 crore in the quarter under review from Rs 1,313.8 crore a year ago, it added. The company has announced a special dividend of Rs 10 per share to mark the five-year anniversary of LTTS' IPO and the record date has been set as October 27, 2021. LTTS, which has seen attrition spike to 16.5 per cent in the second quarter of the financial year 2021-22, plan to hire 2,000 freshers in the next six months. On a sequential basis, the net profit was higher by 6.4 per cent from Rs 216.2 crore, while revenue increased 5.9 per cent from Rs 1,518.4 crore in the June 2021 quarter. During the quarter, LTTS won 5 deals