Ltts

Nifty IT index hits record high on December 10: Here's what drove the rally

By 11:11 AM, the Nifty IT index had come off its peak but was still trading 0.82 per cent higher at 45,199.40. In comparison, the broader Nifty50 index was up a modest 0.11 per cent at 24,646.30

Coforge, Wipro, TCS, LTTS rally 11% in one month; Nifty IT hits record

The Nifty IT index hit an all time high on Tuesday, reaching 44,244.60 level, up 1.43 per cent intraday. Meanwhile in the last 30 days, the index has surged 5.24 per cent

L&T Tech shares gain over 4% after acquiring Silicon Valley's Intelliswift

Shares of L&T Technology Services surged up to 4.25 per cent to hit an intraday high of Rs 5,324.65 per share on the BSE

Nifty IT index surges nearly 3%; Coforge, Persistent zoom 12% on strong Q2

Analysts anticipate growth momentum to return in FY25 for IT sector, aided by a lower base coupled with easing sectoral headwinds.

Margin pressure clouds near-term outlook for L&T Technology's stock

Management maintains FY25 guidance of 8-10 per cent revenue growth in CC, which implies a steep growth rate of 4.5-7 per cent growth per quarter in H2FY25

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 ..

IT stocks sparkle: Nifty IT Index gains 1.7% ahead of Q2 results

Among the constituent of the Nifty IT index, L&T Technology Services shares surged 2.76 per cent intra-day on Friday, Infosys shares gained 2.17 per cent, and Coforge stock climbed 2.47 per cent

Stocks to watch, July 19: Infosys, RIL, Vi, LTTS, Tata Consumer, DRL, CEAT

At 6:36 AM, GIFT Nifty futures were up 19 points, trading at 24,828.50 levels, indicating a higher start for the day.

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

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

LTTS bags Rs 800 cr project from Maha govt to set up cybersecurity hub

L&T Technology Services on Friday said it has secured a USD 100 million (around Rs 800 crore) project from the Maharashtra government to establish a cybersecurity and digital threat analytics centre. The engineering services arm of infra major L&T has teamed up with KPMG Assurance and Consulting Services LLP as a forensics partner to provide advanced cyber security solutions for the state, enhancing public safety against cyber threats, according to a statement. The company said the contract is a first-of-its-kind programme in India, and a part of its initiative to develop digitally interconnected smart and safe cities through cyber security and digital forensic solutions consolidated under one umbrella. It said the project entails designing a sophisticated cybersecurity system and establishing a cyber security and cybercrime prevention centre to address cybercrime incidents and investigations by leveraging AI (Artificial Intelligence) and digital forensic tools. "It's an ...

We're optimistic about demand environment: LTTS CEO & MD Amit Chadha

At the end of the third quarter, our patents portfolio stood at 1,249, out of which 811 are co-authored with customers and the rest are filed by LTTS

IT engineering firms, LTTS, and Cyient struggle with high attrition rates

IT engineering cos provide product engineering services in auto, aerospace, medical device, and utility sectors. On the other hand, software engineering firms are mostly engaged in software products

LTTS to add 2000 employees to cater to rising software demand in vehicles

We focused on electric autonomous connected vehicles during the pandemic and within this, EV was the first area of focus where we invested in a set of labs, CEO of LTTS Amit Chadha added

L&T Tech net profit rises 13% to Rs 311.1 cr in Q1 FY24; revenue up 14.7%

On the other hand, the growth was led by the transportation vertical, which grew 3.9 per cent

Sensex ends choppy day 205 pts up; Nifty below 19,750; IT index sole gainer

Closing Bell on July 18: Infosys, HCL Tech, Reliance Industries, Hero MotoCorp, Bajaj Auto, ICICI Bank, Wipro, Bajaj Finserv, and Adani Enterprises were some of the notable gainers

LTTS, BSNL sign deal to deploy private 5G network for global enterprises

The spectrum will be provided by BSNL using a public land mobile network (PLMN) and isolated allotment. LTTS will deploy equipment, applications, servers, technology and software

LTTS Q4 net profit rises 18% at Rs 309.6 cr, to hire 2,000 people in FY24

L&T Technology Services (LTTS) on Wednesday reported an 18 per cent growth in its March quarter net profit at Rs 309.6 crore. The engineering services company's post tax net profit in FY23 rose 22 per cent to Rs 1,169.8 crore. For the reporting quarter, the company's revenues grew 19 per cent to Rs 2,096.2 crore while the operating profit margin was stable at 18.7 per cent. The company's managing director and chief executive Amit Chadha told PTI that it will be targeting a revenue growth of more than 20 per cent in FY24. The operating profit margin may come down to 17 per cent primarily because of amortisation pressures from acquisitions and low margin intensity of the newly acquired Smart World and Communication business of the parent L&T. The operating profit margin will go into the 18 per cent range by the first half of FY26, he said, adding that the company has made rapid strides on the profitability front during the Covid period and will get the number up again. The ...

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

Sensex rises 170 pts, Nifty tops 17,800; GSFC leaps 20%, MCX crashes 6%

CLOSING BELL: There were 21 gainers of the 30-pack index, and 33 on the 50-pack index, led by Power Grid, Nestle India, Tata Consumer Products, IndusInd Bank, L&T, HCL Tech, Tata Motors, SBI Life, HUL

L&T Technology Services plans to hire 1,000 engineers in new Mysuru campus

Engineering services company L&T Technology Services (LTTS) announced on Monday the opening of its new campus in Mysuru to cater to the design and development of embedded solutions, digital products and software engineering. The new 'Module X' campus houses eight floors with engineers in this centre working on a wide spectrum of services covering multiple industries, the company said in a statement. The campus has a capacity to seat over 1,300 engineers who will be working on high-end projects for LTTS' global clientele, it said. LTTS said it has laid out plans to hire over 1,000 engineers in Mysuru over the next two years as it rapidly expands its delivery and design centre in the city to cater to burgeoning demand for engineering services.