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LTTS Q2 results: Net profit up 1.3% at Rs 319.6 cr as margins narrow

Engineering services player L&T Technology Services (LTTS) on Wednesday reported a 1.3 per cent rise in the September quarter net profit at Rs 319.6 crore, as profit margins narrowed. The company, an arm of engineering, procurement and construction major Larsen & Toubro, had reported a net profit of Rs 315.4 crore in the year-ago period while the was Rs 313.6 crore in the preceding June quarter. Its revenues grew 7.8 per cent to Rs 2,572.9 crore in the reporting quarter, helped by an over 24 per cent growth in the European market on demand from the automobile sector and sustainability-focused solutions. LTTS Managing Director and Chief Executive Amit Chadha said it is aiming for revenues to grow between 8-10 per cent in FY25, and maintaining its guidance on hitting the USD 2 billion yearly revenue in medium-term mark. Higher spends on sales and technology led to a narrowing of the operating profit margin to 15.1 per cent during the reporting quarter, as against 17.1 per cent ..

LTTS Q2 results: Net profit up 1.3% at Rs 319.6 cr as margins narrow
Updated On : 16 Oct 2024 | 11:01 PM IST

LTTS signs €45 mn deal to train European auto supplier Forvia's engineers

5-year partnership also involves Indian company providing engineering services to Forvia

LTTS signs €45 mn deal to train European auto supplier Forvia's engineers
Updated On : 02 May 2024 | 2:52 PM IST

L&T Technology Services bags $100 mn deal for Maharashtra cybersecurity

Programme will set up 'cybersecurity and cybercrime prevention centre' for public safety

L&T Technology Services bags $100 mn deal for Maharashtra cybersecurity
Updated On : 15 Mar 2024 | 10:57 PM IST

Stocks to Watch today: Bajaj Finance, LTTS, Zensar, HUDCO, Glenmark, Biocon

Stocks to watch on Wednesday, October 18, 2023: Bajaj Auto, Bandhan Bank, IndusInd Bank, LTIMindtree and Wipro to be in focus ahead of Q2 results today.

Stocks to Watch today: Bajaj Finance, LTTS, Zensar, HUDCO, Glenmark, Biocon
Updated On : 18 Oct 2023 | 8:12 AM IST

L&T Tech Services sees 20% FY24 revenue growth, posts profit beat in Q4

In Q4FY23, the company won a $40-million deal and three $10-million-plus TCV deals

L&T Tech Services sees 20% FY24 revenue growth, posts profit beat in Q4
Updated On : 26 Apr 2023 | 9:40 PM IST

L&T Technology Services dips 5% on plans to buy SWC biz from parent L&T

LTTS said that it has agreed to acquire the Smart World & Communications business (SWC) of its parent company Larsen & Toubro (L&T) by way of slump sale for Rs 800 crore.

L&T Technology Services dips 5% on plans to buy SWC biz from parent L&T
Updated On : 13 Jan 2023 | 9:50 AM IST

LTTS joins hands with Qualcomm for solutions in 5G private network industry

L&T Technology Services Limited announced on Friday it is collaborating with Qualcomm Technologies, Inc. to deploy end-to-end solutions for the global 5G private network industry utilising their combined core expertise in the hi-tech & telecommunication domain. LTTS and Qualcomm will bring together core competencies in telecommunication solutions and services for the benefit of end-customers in the manufacturing and warehousing/ logistics sector, an LTTS statement said. As part of the proposed collaboration, Qualcomm will engage Private Networks RAN Automation technology for the automation and management of small cells along with pre-integrated PN solutions. LTTS will facilitate end-to-end system integration, design, and implementation of use cases, provide engineering consulting, and deployment services along with edge-to-cloud orchestration and management. In line with the terms of the collaboration, LTTS will establish an engineering centre of excellence in Santa Clara with

LTTS joins hands with Qualcomm for solutions in 5G private network industry
Updated On : 30 Sep 2022 | 12:25 PM IST

In a first, US Navy ship arrives for repair at L&T shipyard in TN

In a leg-up to the Indo-US strategic partnership, US navy ship Charles Drew on Sunday arrived at Larsen and Toubro shipyard at Kattupalli here for undergoing repairs and allied services. According to an official release, the US Navy had awarded a contract to the L&T Shipyard for undertaking maintenance of the ship. The event signifies the capabilities of the country's shipyards in the global ship repairing market. Indian shipyards offer wide ranging and cost-effective ship repair and maintenance services, using advanced maritime technology platforms. United States' Military Sealift Command's Lewis and Clark-class dry cargo ship USNS Charles Drew provides critical support to the U.S. Navy fleet operating in the Indo-Pacific Region, it said. Defence Secretary Ajay Kumar, Vice Chief of Naval Staff Vice Admiral SN Ghormade, Flag Officer Commanding Tamil Nadu & Puducherry Naval Area Rear Admiral S Venkat Raman and other senior officials of Ministry of Defence visited the shipyard .

In a first, US Navy ship arrives for repair at L&T shipyard in TN
Updated On : 07 Aug 2022 | 7:01 PM IST

L&T Tech Services Q1FY23 net up 27% YoY to Rs 274 cr amid surge in deals

Margins were better managed despite a higher attrition of 23.2% in Q1, up from 20.4% in Q4FY22

L&T Tech Services Q1FY23 net up 27% YoY to Rs 274 cr amid surge in deals
Updated On : 16 Jul 2022 | 12:43 AM IST

TCS, L&T Infotech: IT stocks are best bets amid current uncertainty

Stocks like TCS and LTTS may explore uncharted territories in current market volatility

TCS, L&T Infotech: IT stocks are best bets amid current uncertainty
Updated On : 30 Nov 2021 | 12:30 PM IST

LTTS wins $50 mn contract from global aerospace electronics manufacturer

The project with LTTS will result in transformation of the customer's operations into a managed services model

LTTS wins $50 mn contract from global aerospace electronics manufacturer
Updated On : 18 Jan 2018 | 11:04 AM IST