LTTS
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Recent events
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News
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Corporate Actions
L&T Tech Says Expect To Clock Double-Digit Growth In FY26, Maintain Medium-Term Outlook Of $2 Bln Revenue
July 16 (Reuters) - L&T Technology Services Ltd LTEH.NS:
EXPECT TO CLOCK DOUBLE-DIGIT GROWTH IN FY26, MAINTAIN MEDIUM-TERM OUTLOOK OF $2 BILLION REVENUE
EXPECT EBIT MARGINS TO SEE AN IMPROVEMENT IN THE COMING QUARTERS
Source text: ID:nBSE6BMf1k
Further company coverage: LTEH.NS
(([email protected];;))
July 16 (Reuters) - L&T Technology Services Ltd LTEH.NS:
EXPECT TO CLOCK DOUBLE-DIGIT GROWTH IN FY26, MAINTAIN MEDIUM-TERM OUTLOOK OF $2 BILLION REVENUE
EXPECT EBIT MARGINS TO SEE AN IMPROVEMENT IN THE COMING QUARTERS
Source text: ID:nBSE6BMf1k
Further company coverage: LTEH.NS
(([email protected];;))
L&T Technology Services Chosen By Traton Group As Strategic Engineering Partner
July 2 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES - CHOSEN BY TRATON GROUP AS STRATEGIC ENGINEERING PARTNER
Source text: ID:nBSE1tDRKT
Further company coverage: LTEH.NS
(([email protected];))
July 2 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES - CHOSEN BY TRATON GROUP AS STRATEGIC ENGINEERING PARTNER
Source text: ID:nBSE1tDRKT
Further company coverage: LTEH.NS
(([email protected];))
L&T Technology Services, Thyssenkrupp Steering Enter Strategic Partnership
June 30 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES LTD - CO, THYSSENKRUPP STEERING ENTER STRATEGIC PARTNERSHIP
L&T TECHNOLOGY SERVICES LTD - AGREEMENT TO ESTABLISH SOFTWARE DEVELOPMENT CENTER IN PUNE
Source text: ID:nBSE8zHJty
Further company coverage: LTEH.NS
(([email protected];))
June 30 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES LTD - CO, THYSSENKRUPP STEERING ENTER STRATEGIC PARTNERSHIP
L&T TECHNOLOGY SERVICES LTD - AGREEMENT TO ESTABLISH SOFTWARE DEVELOPMENT CENTER IN PUNE
Source text: ID:nBSE8zHJty
Further company coverage: LTEH.NS
(([email protected];))
L&T Technology Services Selected As Exclusive Global Engineering Partner
June 25 (Reuters) - L&T Technology Services Ltd LTEH.NS:
SELECTED AS EXCLUSIVE GLOBAL ENGINEERING PARTNER
FIVE-YEAR AGREEMENT VALUED AT OVER $50 MILLION
Source text: ID:nBSEzTFz8
Further company coverage: LTEH.NS
(([email protected];;))
June 25 (Reuters) - L&T Technology Services Ltd LTEH.NS:
SELECTED AS EXCLUSIVE GLOBAL ENGINEERING PARTNER
FIVE-YEAR AGREEMENT VALUED AT OVER $50 MILLION
Source text: ID:nBSEzTFz8
Further company coverage: LTEH.NS
(([email protected];;))
L&T Tech And Tennant Company Sign Strategic Agreement
June 4 (Reuters) - L&T Technology Services Ltd LTEH.NS:
LTTS AND TENNANT COMPANY SIGN STRATEGIC AGREEMENT
LTTS WILL SETUP DEDICATED ENGINEERING CENTER IN INDIA FOR TENNANT COMPANY
Further company coverage: LTEH.NS
(([email protected];;))
June 4 (Reuters) - L&T Technology Services Ltd LTEH.NS:
LTTS AND TENNANT COMPANY SIGN STRATEGIC AGREEMENT
LTTS WILL SETUP DEDICATED ENGINEERING CENTER IN INDIA FOR TENNANT COMPANY
Further company coverage: LTEH.NS
(([email protected];;))
L&T Technology Services Launches AI-Powered Railway Track Inspection Solution
March 19 (Reuters) - L&T Technology Services Ltd LTEH.NS:
LAUNCHES AI-POWERED RAILWAY TRACK INSPECTION SOLUTION
Source text: ID:nBSE6j3V96
Further company coverage: LTEH.NS
(([email protected];;))
March 19 (Reuters) - L&T Technology Services Ltd LTEH.NS:
LAUNCHES AI-POWERED RAILWAY TRACK INSPECTION SOLUTION
Source text: ID:nBSE6j3V96
Further company coverage: LTEH.NS
(([email protected];;))
L&T Technology Services Says LTTS Smart World Joins Arizona Technology Council
Feb 3 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES LTD - LTTS SMART WORLD JOINS ARIZONA TECHNOLOGY COUNCIL
Source text: ID:nBSEbzsMLs
Further company coverage: LTEH.NS
(([email protected];;))
Feb 3 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES LTD - LTTS SMART WORLD JOINS ARIZONA TECHNOLOGY COUNCIL
Source text: ID:nBSEbzsMLs
Further company coverage: LTEH.NS
(([email protected];;))
L&T Technology Services Secures $80 Million Digital Engineering Deal
Jan 29 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES - SECURES $80 MILLION DIGITAL ENGINEERING DEAL
L&T TECHNOLOGY SERVICES - LTTS TO SET UP CENTER FOR DIGITAL PRODUCTS & SERVICES
Source text: ID:nBSE8f5cJt
Further company coverage: LTEH.NS
(([email protected];))
Jan 29 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES - SECURES $80 MILLION DIGITAL ENGINEERING DEAL
L&T TECHNOLOGY SERVICES - LTTS TO SET UP CENTER FOR DIGITAL PRODUCTS & SERVICES
Source text: ID:nBSE8f5cJt
Further company coverage: LTEH.NS
(([email protected];))
India's Cyient misses third-quarter profit estimates on higher costs
Jan 23 (Reuters) - Indian engineering and technology firm Cyient CYIE.NS reported a third-quarter profit below analysts' expectations on Thursday, hurt by slower growth in its biggest segment and higher costs.
Its profit declined to 1.22 billion rupees ($14.12 million) for the three months ended Dec. 31, from 1.47 billion rupees a year ago. Analysts had expected 1.71 billion rupees, according to data compiled by LSEG.
Growth in Cyient's transportation division — which contributes 30% to the company's biggest unit, digital, engineering and technology — has eased over the past few quarters due to delays in project starts in the aerospace segment and slowdown in the rail segment.
The downbeat results also echo those of peer engineering, research and design companies (ER&D) Tata Elxsi TTEX.NS and L&T Technology Services LTEH.NS.
ER&D services, which include providing technology support to industries such as aerospace, telecom and automotive, contribute a sixth of the revenue to India's $254-billion technology sector.
Cyient's total expenses rose 9% during the quarter, led by a 26% jump in its cost of materials consumed and a 6% rise in employee expenses.
Revenue from the company's digital, engineering and technology segment, which contributes more than 76% to its total revenue — fell 1%.
Its smaller design-led manufacturing business, Cyient DLM CYIT.NS, posted a 38% rise in revenue.
Cyient's total revenue rose 5.7% to 19.26 billion rupees, beating analysts' estimates.
($1 = 86.4040 Indian rupees)
(Reporting by Aleef Jahan)
Jan 23 (Reuters) - Indian engineering and technology firm Cyient CYIE.NS reported a third-quarter profit below analysts' expectations on Thursday, hurt by slower growth in its biggest segment and higher costs.
Its profit declined to 1.22 billion rupees ($14.12 million) for the three months ended Dec. 31, from 1.47 billion rupees a year ago. Analysts had expected 1.71 billion rupees, according to data compiled by LSEG.
Growth in Cyient's transportation division — which contributes 30% to the company's biggest unit, digital, engineering and technology — has eased over the past few quarters due to delays in project starts in the aerospace segment and slowdown in the rail segment.
The downbeat results also echo those of peer engineering, research and design companies (ER&D) Tata Elxsi TTEX.NS and L&T Technology Services LTEH.NS.
ER&D services, which include providing technology support to industries such as aerospace, telecom and automotive, contribute a sixth of the revenue to India's $254-billion technology sector.
Cyient's total expenses rose 9% during the quarter, led by a 26% jump in its cost of materials consumed and a 6% rise in employee expenses.
Revenue from the company's digital, engineering and technology segment, which contributes more than 76% to its total revenue — fell 1%.
Its smaller design-led manufacturing business, Cyient DLM CYIT.NS, posted a 38% rise in revenue.
Cyient's total revenue rose 5.7% to 19.26 billion rupees, beating analysts' estimates.
($1 = 86.4040 Indian rupees)
(Reporting by Aleef Jahan)
L&T Tech Gets Order For Penalty 1.1 Million Rupees
Jan 17 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECH - GOT ORDER FOR PENALTY 1.1 MILLION RUPEES
Source text: ID:nNSE69R567
Further company coverage: LTEH.NS
(([email protected];))
Jan 17 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECH - GOT ORDER FOR PENALTY 1.1 MILLION RUPEES
Source text: ID:nNSE69R567
Further company coverage: LTEH.NS
(([email protected];))
L&T Technology Services Q3 Consol Net Profit 3.22 Bln Rupees
Jan 15 (Reuters) - L&T Technology Services Ltd LTEH.NS:
Q3 CONSOL NET PROFIT 3.22 BILLION RUPEES, IBES PROFIT EST. 3.32 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 26.53 BILLION RUPEES; IBES EST 26.65 BILLION RUPEES
Source text: [ID:]
Further company coverage: LTEH.NS
(([email protected];;))
Jan 15 (Reuters) - L&T Technology Services Ltd LTEH.NS:
Q3 CONSOL NET PROFIT 3.22 BILLION RUPEES, IBES PROFIT EST. 3.32 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 26.53 BILLION RUPEES; IBES EST 26.65 BILLION RUPEES
Source text: [ID:]
Further company coverage: LTEH.NS
(([email protected];;))
L&T Technology Services Expands Collaboration With Siemens
Dec 23 (Reuters) - L&T Technology Services Ltd LTEH.NS:
EXPANDS COLLABORATION WITH SIEMENS
Source text: ID:nBSE2ywk4k
Further company coverage: LTEH.NS
(([email protected];;))
Dec 23 (Reuters) - L&T Technology Services Ltd LTEH.NS:
EXPANDS COLLABORATION WITH SIEMENS
Source text: ID:nBSE2ywk4k
Further company coverage: LTEH.NS
(([email protected];;))
L&T Technology Services Secures $50 Million Deal
Dec 4 (Reuters) - L&T Technology Services Ltd LTEH.NS:
SECURES $50 MILLION DEAL
MULTI-YEAR AGREEMENT ESTIMATED AT $50 MILLION
Source text: ID:nBSE3xZJLh
Further company coverage: LTEH.NS
(([email protected];;))
Dec 4 (Reuters) - L&T Technology Services Ltd LTEH.NS:
SECURES $50 MILLION DEAL
MULTI-YEAR AGREEMENT ESTIMATED AT $50 MILLION
Source text: ID:nBSE3xZJLh
Further company coverage: LTEH.NS
(([email protected];;))
L&T Technology Services Announces Strategic Collaboration With Colorado Smart Cities Alliance
Nov 18 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES ANNOUNCES STRATEGIC COLLABORATION WITH COLORADO SMART CITIES ALLIANCE
Source text: ID:nBw5LXTka
Further company coverage: LTEH.NS
(([email protected];))
Nov 18 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES ANNOUNCES STRATEGIC COLLABORATION WITH COLORADO SMART CITIES ALLIANCE
Source text: ID:nBw5LXTka
Further company coverage: LTEH.NS
(([email protected];))
L&T Tech Unveils AI Experience Zone Built On NVIDIA AI
Oct 24 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECH - L&T TECHNOLOGY SERVICES UNVEILS AI EXPERIENCE ZONE BUILT ON NVIDIA AI
L&T TECH - NEW EXPERIENCE ZONE TO CATER TO CLIENTS IN MOBILITY, TECH SEGMENTS
Further company coverage: LTEH.NS
(([email protected];))
Oct 24 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECH - L&T TECHNOLOGY SERVICES UNVEILS AI EXPERIENCE ZONE BUILT ON NVIDIA AI
L&T TECH - NEW EXPERIENCE ZONE TO CATER TO CLIENTS IN MOBILITY, TECH SEGMENTS
Further company coverage: LTEH.NS
(([email protected];))
L&T Technology Services Says Q2 Consol Net Profit At 3.2 Billion Rupees
Oct 16 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES Q2 CONSOL NET PROFIT 3.2 BILLION RUPEES, IBES PROFIT EST. 3.33 BILLION RUPEES
L&T TECHNOLOGY SERVICES Q2 CONSOL REVENUE FROM OPERATIONS 25.73 BILLION RUPEES; LSEG IBES REVENUE EST 25.67 BILLION RUPEES
L&T TECH - DIVIDEND 17 RUPEES PER SHR
Source text for Eikon: [ID:]
Further company coverage: LTEH.NS
(([email protected];))
Oct 16 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES Q2 CONSOL NET PROFIT 3.2 BILLION RUPEES, IBES PROFIT EST. 3.33 BILLION RUPEES
L&T TECHNOLOGY SERVICES Q2 CONSOL REVENUE FROM OPERATIONS 25.73 BILLION RUPEES; LSEG IBES REVENUE EST 25.67 BILLION RUPEES
L&T TECH - DIVIDEND 17 RUPEES PER SHR
Source text for Eikon: [ID:]
Further company coverage: LTEH.NS
(([email protected];))
India's TCS slips after Q2 profit miss, other IT firms advance
Rewrites paragraph 1 with rivals, adds details, background, analyst comments from paragraph 2
By VarunVyas Hebbalalu and Ashna Teresa Britto
Oct 11 (Reuters) - India's Tata Consultancy Services' TCS.NS shares slumped as much as 2.7% on Friday after its second-quarter profit missed Street estimates, although rivals advanced on expectations that demand in their key banking segment was recovering.
The stock, which was choppy in early trade, was last down 2.4% at 4,125.15 rupees.
On Thursday, the country's No.1 IT firm posted a net profit of 119.09 billion rupees ($1.42 billion), missing analyst estimates, as revenue in its North American market, which accounts for nearly half of overall sales, fell for a fourth straight quarter.
TCS' revenue declined in North America due to a client in the lifesciences and healthcare vertical reducing the scope of a project, it said, without elaborating.
The results are not a broad-based gauge for demand as the weakness was client-specific, said Abhishek Kumar, analyst at JM Financial.
The market is optimistic about IT companies in light of further U.S. rate cuts, he said.
Indian IT firms get a large chunk of their revenue from the United States.
Still, the company's banking, financial services and insurance (BFSI) segment, its largest vertical, showed signs of recovery.
Its BFSI division grew in North America, but saw some softness in the UK and European markets.
"TCS' second-quarter results suggest that the road to recovery in developed markets is likely to be volatile. However, we keep the faith given TCS' continued hiring and improvement in outlook for BFSI," Jefferies said.
Rivals Infosys INFY.NS, Wipro WIPR.NS and HCLTech HCLT.NS, due to report results next week, rose 0.1%-1.5% on Friday. BFSI is a major revenue-generator for Indian IT firms.
"Revenue and margins challenges in Q2 were specific to TCS in our view, but the improving demand visibility and BFSI recovery are positive signs for the sector, PhillipCapital analysts said.
TCS' second-quarter operating margin inched down 0.2% year-on-year to 24.1%.
At least seven analysts slashed their price targets on TCS' stock after results, while nine bumped up their price targets, per LSEG data.
($1 = 83.9625 Indian rupees)
(Reporting by Varun Hebbalalu and Ashna Teresa Britto in Bengaluru; Editing by Varun H K and Sonia Cheema)
(([email protected];))
Rewrites paragraph 1 with rivals, adds details, background, analyst comments from paragraph 2
By VarunVyas Hebbalalu and Ashna Teresa Britto
Oct 11 (Reuters) - India's Tata Consultancy Services' TCS.NS shares slumped as much as 2.7% on Friday after its second-quarter profit missed Street estimates, although rivals advanced on expectations that demand in their key banking segment was recovering.
The stock, which was choppy in early trade, was last down 2.4% at 4,125.15 rupees.
On Thursday, the country's No.1 IT firm posted a net profit of 119.09 billion rupees ($1.42 billion), missing analyst estimates, as revenue in its North American market, which accounts for nearly half of overall sales, fell for a fourth straight quarter.
TCS' revenue declined in North America due to a client in the lifesciences and healthcare vertical reducing the scope of a project, it said, without elaborating.
The results are not a broad-based gauge for demand as the weakness was client-specific, said Abhishek Kumar, analyst at JM Financial.
The market is optimistic about IT companies in light of further U.S. rate cuts, he said.
Indian IT firms get a large chunk of their revenue from the United States.
Still, the company's banking, financial services and insurance (BFSI) segment, its largest vertical, showed signs of recovery.
Its BFSI division grew in North America, but saw some softness in the UK and European markets.
"TCS' second-quarter results suggest that the road to recovery in developed markets is likely to be volatile. However, we keep the faith given TCS' continued hiring and improvement in outlook for BFSI," Jefferies said.
Rivals Infosys INFY.NS, Wipro WIPR.NS and HCLTech HCLT.NS, due to report results next week, rose 0.1%-1.5% on Friday. BFSI is a major revenue-generator for Indian IT firms.
"Revenue and margins challenges in Q2 were specific to TCS in our view, but the improving demand visibility and BFSI recovery are positive signs for the sector, PhillipCapital analysts said.
TCS' second-quarter operating margin inched down 0.2% year-on-year to 24.1%.
At least seven analysts slashed their price targets on TCS' stock after results, while nine bumped up their price targets, per LSEG data.
($1 = 83.9625 Indian rupees)
(Reporting by Varun Hebbalalu and Ashna Teresa Britto in Bengaluru; Editing by Varun H K and Sonia Cheema)
(([email protected];))
L&T Tech Sees Revenue Of $1.26 Billion - $1.28 Billion For Fy25
Aug 27 (Reuters) - L&T Technology Services Ltd LTEH.NS:
SEES REVENUE OF $1.26 BILLION - $1.28 BILLION FOR FY25
Source text for Eikon: ID:nBSE6098VP
Further company coverage: LTEH.NS
(([email protected];))
Aug 27 (Reuters) - L&T Technology Services Ltd LTEH.NS:
SEES REVENUE OF $1.26 BILLION - $1.28 BILLION FOR FY25
Source text for Eikon: ID:nBSE6098VP
Further company coverage: LTEH.NS
(([email protected];))
L&T Tech And Thales Expand Collaboration
Aug 21 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECH - THALES AND L&T TECHNOLOGY SERVICES EXPAND COLLABORATION
L&T TECH - NEW CONTRACT FOR 20-YEAR RELATIONSHIP WITH LTTS
Source text for Eikon: ID:nBSE4f4mKr
Further company coverage: LTEH.NS
(([email protected];;))
Aug 21 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECH - THALES AND L&T TECHNOLOGY SERVICES EXPAND COLLABORATION
L&T TECH - NEW CONTRACT FOR 20-YEAR RELATIONSHIP WITH LTTS
Source text for Eikon: ID:nBSE4f4mKr
Further company coverage: LTEH.NS
(([email protected];;))
L&T Tech Says Shell Signs New Framework Agreement With Co
Aug 13 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECH - SHELL SIGNS NEW FRAMEWORK AGREEMENT WITH CO
L&T TECH - MULTI-YEAR AGREEMENT FOR INTEGRATED ENGINEERING, PROCUREMENT SERVICES
Further company coverage: LTEH.NS
(([email protected];))
Aug 13 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECH - SHELL SIGNS NEW FRAMEWORK AGREEMENT WITH CO
L&T TECH - MULTI-YEAR AGREEMENT FOR INTEGRATED ENGINEERING, PROCUREMENT SERVICES
Further company coverage: LTEH.NS
(([email protected];))
L&T Tech Says Co, PS Technology Partner To Transform Railways
July 30 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECH- CO, AND PS TECHNOLOGY PARTNER TO TRANSFORM RAILWAYS
Further company coverage: LTEH.NS
(([email protected];))
July 30 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECH- CO, AND PS TECHNOLOGY PARTNER TO TRANSFORM RAILWAYS
Further company coverage: LTEH.NS
(([email protected];))
L&T Technology Services Partners With SymphonyAI
July 23 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES AND SYMPHONYAI PARTNER
PARTNER TO PROVIDE AI-BASED BUSINESS TRANSFORMATION TO GLOBAL CUSTOMERS
Source text for Eikon: ID:nBSE3w8zpg
Further company coverage: LTEH.NS
(([email protected];))
July 23 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES AND SYMPHONYAI PARTNER
PARTNER TO PROVIDE AI-BASED BUSINESS TRANSFORMATION TO GLOBAL CUSTOMERS
Source text for Eikon: ID:nBSE3w8zpg
Further company coverage: LTEH.NS
(([email protected];))
L&T Tech- Reaffirm FY25 Guidance Of 8-10% Rev Growth In Constant Currency
July 18 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECH- REAFFIRM ASPIRATIONS TO REACH $1.5 BILLION IN ANNUALIZED REVENUES
L&T TECH - REAFFIRM FY25 GUIDANCE OF 8-10% REVENUE GROWTH IN CONSTANT CURRENCY
Source text for Eikon: ID:nBSE8hnQpP
Further company coverage: LTEH.NS
(([email protected];))
July 18 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECH- REAFFIRM ASPIRATIONS TO REACH $1.5 BILLION IN ANNUALIZED REVENUES
L&T TECH - REAFFIRM FY25 GUIDANCE OF 8-10% REVENUE GROWTH IN CONSTANT CURRENCY
Source text for Eikon: ID:nBSE8hnQpP
Further company coverage: LTEH.NS
(([email protected];))
L&T Technology Services Says Forvia And Co Agree On Strategic Partnership
May 2 (Reuters) - L&T Technology Services Ltd LTEH.NS:
FORVIA AND L&T TECHNOLOGY SERVICES AGREE STRATEGIC PARTNERSHIP
CONTRACT OF APPROXIMATELY EUR 45 MILLION
Further company coverage: LTEH.NS
(([email protected];))
May 2 (Reuters) - L&T Technology Services Ltd LTEH.NS:
FORVIA AND L&T TECHNOLOGY SERVICES AGREE STRATEGIC PARTNERSHIP
CONTRACT OF APPROXIMATELY EUR 45 MILLION
Further company coverage: LTEH.NS
(([email protected];))
L&T Technology Services Unveils Strategic Reorganization
April 25 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES UNVEILS STRATEGIC REORGANIZATION
WILL BE STREAMLINING, SIMPLIFYING ORGANIZATIONAL STRUCTURE INTO 3 MAIN SEGMENTS
WILL CONSOLIDATE EXISTING FIVE SEGMENTS INTO THREE: MOBILITY, SUSTAINABILITY, HI-TECH
Further company coverage: LTEH.NS
(([email protected];))
April 25 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES UNVEILS STRATEGIC REORGANIZATION
WILL BE STREAMLINING, SIMPLIFYING ORGANIZATIONAL STRUCTURE INTO 3 MAIN SEGMENTS
WILL CONSOLIDATE EXISTING FIVE SEGMENTS INTO THREE: MOBILITY, SUSTAINABILITY, HI-TECH
Further company coverage: LTEH.NS
(([email protected];))
L&T Technology Services Accelerates Generative AI Adoption
March 20 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES ACCELERATES GENERATIVE AI ADOPTION
Source text for Eikon: ID:nBSEbHVFwm
Further company coverage: LTEH.NS
(([email protected];;))
March 20 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES ACCELERATES GENERATIVE AI ADOPTION
Source text for Eikon: ID:nBSEbHVFwm
Further company coverage: LTEH.NS
(([email protected];;))
L&T Technology Services Secures $100 Million Program In Cybersecurity
March 15 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES SECURES LANDMARK $100 MILLION PROGRAM IN CYBERSECURITY
WON PROGRAM FROM MAHARASHTRA STATE CYBER DEPARTMENT
LTTS IN CONSORTIUM WITH KPMG ASSURANCE WILL PROVIDE CYBER SECURITY SOLUTIONS
Source text for Eikon: ID:nNSE8BV43t
Further company coverage: LTEH.NS
(([email protected];))
March 15 (Reuters) - L&T Technology Services Ltd LTEH.NS:
L&T TECHNOLOGY SERVICES SECURES LANDMARK $100 MILLION PROGRAM IN CYBERSECURITY
WON PROGRAM FROM MAHARASHTRA STATE CYBER DEPARTMENT
LTTS IN CONSORTIUM WITH KPMG ASSURANCE WILL PROVIDE CYBER SECURITY SOLUTIONS
Source text for Eikon: ID:nNSE8BV43t
Further company coverage: LTEH.NS
(([email protected];))
L&T Technology Services Says Collaborates With Intel To Scale Edge-AI Solutions
March 4 (Reuters) - Intel Corp INTC.O:
L&T TECHNOLOGY SERVICES COLLABORATES WITH INTEL TO SCALE EDGE-AI SOLUTIONS
L&T TECHNOLOGY SERVICES LTD - ANNOUNCED A COLLABORATION WITH INTEL CORPORATION AIMED AT DEVELOPING AND PROVIDING SCALABLE EDGE-AI SOLUTIONS
Source text for Eikon: ID:nBw9lYNKpa
Further company coverage: INTC.O
(([email protected];))
March 4 (Reuters) - Intel Corp INTC.O:
L&T TECHNOLOGY SERVICES COLLABORATES WITH INTEL TO SCALE EDGE-AI SOLUTIONS
L&T TECHNOLOGY SERVICES LTD - ANNOUNCED A COLLABORATION WITH INTEL CORPORATION AIMED AT DEVELOPING AND PROVIDING SCALABLE EDGE-AI SOLUTIONS
Source text for Eikon: ID:nBw9lYNKpa
Further company coverage: INTC.O
(([email protected];))
India's L&T Technology retains full-year forecast after all units post Q3 growth
By Sai Ishwarbharath B
Jan 16 (Reuters) - Indian tech services provider L&T Technology Services LTEH.NS retained its revenue growth forecast for the current financial year on Tuesday as all its five business verticals posted year-on-year growth for the third quarter.
The Mumbai-based firm expects revenue for the current fiscal year ending March 31 to grow 17.5%-18.5% in constant currency.
"All five segments grew positively for the second quarter in a row giving us 1% sequential growth despite the seasonal softness," CEO Amit Chadha said in a statement.
Two units - the industrial products segment and Europe region - have scaled a $200 million run-rate on annualised basis, he added.
The board has also extended Chadha's term as CEO for three additional years ending March 2027.
This comes as Infosys INFY.NS and HCLTech HCLT.NS tightened their revenue guidance for the year last week citing no change in the demand environment for the year, marred by high inflation and clients cutting down on discretionary spending.
However, better-than-feared numbers by the top four firms have triggered a rally in IT stocks this week, helping the country's benchmark indices hit fresh lifetime highs.
L&T Technology's consolidated net profit rose 3.36 billion rupees ($40.43 million) from 2.97 billion rupees a year earlier, marginally above analysts' estimate of 3.31 billion rupees.
The subsidiary of infra giant Larsen and Toubro LART.NS won six deals that are more than $10 million each in size, it said in a filing. This included one deal each of sizes $40 million and $20 million.
Revenue from operations rose 12% to 24.22 billion rupees, on the back of double-digit growth in telecom and medical devices verticals, below analysts' estimate of 24.45 billion rupees.
Transportation, its largest vertical that contributes more than a third of overall revenue, grew 8.3%.
The company's shares ended 1.74% lower ahead of the results.
($1 = 83.0978 Indian rupees)
(Reporting by Sai Ishwarbharath B; Editing by Sohini Goswami)
(([email protected];))
By Sai Ishwarbharath B
Jan 16 (Reuters) - Indian tech services provider L&T Technology Services LTEH.NS retained its revenue growth forecast for the current financial year on Tuesday as all its five business verticals posted year-on-year growth for the third quarter.
The Mumbai-based firm expects revenue for the current fiscal year ending March 31 to grow 17.5%-18.5% in constant currency.
"All five segments grew positively for the second quarter in a row giving us 1% sequential growth despite the seasonal softness," CEO Amit Chadha said in a statement.
Two units - the industrial products segment and Europe region - have scaled a $200 million run-rate on annualised basis, he added.
The board has also extended Chadha's term as CEO for three additional years ending March 2027.
This comes as Infosys INFY.NS and HCLTech HCLT.NS tightened their revenue guidance for the year last week citing no change in the demand environment for the year, marred by high inflation and clients cutting down on discretionary spending.
However, better-than-feared numbers by the top four firms have triggered a rally in IT stocks this week, helping the country's benchmark indices hit fresh lifetime highs.
L&T Technology's consolidated net profit rose 3.36 billion rupees ($40.43 million) from 2.97 billion rupees a year earlier, marginally above analysts' estimate of 3.31 billion rupees.
The subsidiary of infra giant Larsen and Toubro LART.NS won six deals that are more than $10 million each in size, it said in a filing. This included one deal each of sizes $40 million and $20 million.
Revenue from operations rose 12% to 24.22 billion rupees, on the back of double-digit growth in telecom and medical devices verticals, below analysts' estimate of 24.45 billion rupees.
Transportation, its largest vertical that contributes more than a third of overall revenue, grew 8.3%.
The company's shares ended 1.74% lower ahead of the results.
($1 = 83.0978 Indian rupees)
(Reporting by Sai Ishwarbharath B; Editing by Sohini Goswami)
(([email protected];))
Catvision Gets Order From Larsen & Toubro Group
Dec 22 (Reuters) - Catvision Ltd CATV.BO:
GETS ORDER FROM LARSEN & TOUBRO GROUP
ORDER FROM LARSEN & TOUBRO WORTH 7.4 MILLION RUPEES
ORDER FROM L&T TECHNOLOGY SERVICES WORTH 2.8 MILLION RUPEES
Source text for Eikon: ID:nBSE6TSVzD
Further company coverage: CATV.BO
(([email protected];))
Dec 22 (Reuters) - Catvision Ltd CATV.BO:
GETS ORDER FROM LARSEN & TOUBRO GROUP
ORDER FROM LARSEN & TOUBRO WORTH 7.4 MILLION RUPEES
ORDER FROM L&T TECHNOLOGY SERVICES WORTH 2.8 MILLION RUPEES
Source text for Eikon: ID:nBSE6TSVzD
Further company coverage: CATV.BO
(([email protected];))
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What does L&T Technology Serv. do?
L&T Technology Services Limited offers specialized Engineering R&D services in technology areas such as 5G, Artificial Intelligence, and Digital Factory to assist manufacturing companies in creating novel products.
Who are the competitors of L&T Technology Serv.?
L&T Technology Serv. major competitors are Mphasis, Tata Elxsi, KPIT Technologies, Coforge, Redington, eClerx Services, Zensar Technologies. Market Cap of L&T Technology Serv. is ₹44,124 Crs. While the median market cap of its peers are ₹33,134 Crs.
Is L&T Technology Serv. financially stable compared to its competitors?
L&T Technology Serv. seems to be less financially stable compared to its competitors. Altman Z score of L&T Technology Serv. is 10.34 and is ranked 6 out of its 8 competitors.
Does L&T Technology Serv. pay decent dividends?
The company seems to pay a good stable dividend. L&T Technology Serv. latest dividend payout ratio is 46.03% and 3yr average dividend payout ratio is 41.95%
How has L&T Technology Serv. allocated its funds?
Companies resources are allocated to majorly productive assets like Plant & Machinery
How strong is L&T Technology Serv. balance sheet?
Balance sheet of L&T Technology Serv. is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of L&T Technology Serv. improving?
No, profit is decreasing. The profit of L&T Technology Serv. is ₹1,266 Crs for TTM, ₹1,267 Crs for Mar 2025 and ₹1,304 Crs for Mar 2024.
Is the debt of L&T Technology Serv. increasing or decreasing?
The debt of L&T Technology Serv. is decreasing. Latest debt of L&T Technology Serv. is -₹2,890.8 Crs as of Mar-25. This is less than Mar-24 when it was -₹2,709.7 Crs.
Is L&T Technology Serv. stock expensive?
L&T Technology Serv. is not expensive. Latest PE of L&T Technology Serv. is 34.78, while 3 year average PE is 42.75. Also latest EV/EBITDA of L&T Technology Serv. is 22.42 while 3yr average is 27.91.
Has the share price of L&T Technology Serv. grown faster than its competition?
L&T Technology Serv. has given lower returns compared to its competitors. L&T Technology Serv. has grown at ~17.88% over the last 6yrs while peers have grown at a median rate of 34.99%
Is the promoter bullish about L&T Technology Serv.?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in L&T Technology Serv. is 73.59% and last quarter promoter holding is 73.66%
Are mutual funds buying/selling L&T Technology Serv.?
The mutual fund holding of L&T Technology Serv. is increasing. The current mutual fund holding in L&T Technology Serv. is 4.09% while previous quarter holding is 4.06%.