Latest news about L&T Technology Services
L&T Technology Services
4,685.10
+172.00(+3.81%)
Company Performance:
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More news about L&T Technology Services
20Oct 25
L&T Tech Sets USD 2 Billion Revenue Target for FY26, Projects Mid-16% EBIT Margins
L&T Technology Services has announced a strategic vision targeting $2 billion in revenue for FY26. The company expects EBIT margins in the mid-16% range for Q4 FY'27 to Q1 FY'28. L&T Tech aims for at least $200 million in deal wins for Q3 FY'26, lower than Q2's $300 million. This growth strategy implies potential expansion plans, market share gains, and increased service demand.
17Oct 25
LTTS Reports Strong Q2 Results, Maintains $2 Billion Revenue Target Amid AI-Driven Growth
L&T Technology Services (LTTS) reported robust Q2 FY26 results with revenue of ₹2,980 crore, up 15.80% YoY. Net profit increased by 2.80% YoY to ₹329 crore. The company achieved a record Total Contract Value of nearly $300 million in deal wins. LTTS is focusing on AI-driven innovation, launching new AI platforms and deepening partnerships across the AI ecosystem. The company maintains its medium-term outlook of $2 billion in revenue and expects improved performance in H2 FY26. An interim dividend of ₹18 per share was declared.
17Oct 25
L&T Technology Services Appoints Senior Executives and Reports Strong Q2 FY26 Results
L&T Technology Services (LTTS) reported robust Q2 FY26 results with revenue of ₹2,980.00 crore, up 15.80% YoY. The company achieved a record-high large deal TCV of nearly $300 million. LTTS appointed three new Senior Management Personnel: Atul Kapur, Aditya P Pathak, and Rupam Chaudhury. The company is focusing on AI-driven initiatives and has declared an interim dividend of ₹18.00 per equity share. CEO Amit Chadha expressed confidence in the company's growth strategy and outlook.
17Oct 25
L&T Technology Services Reports Strong Q2 FY26 Growth, Declares ₹18 Interim Dividend
L&T Technology Services (LTTS) announced robust Q2 FY26 results with consolidated revenue of ₹2,980.00 crore, up 15.8% YoY. Net profit increased to ₹329.00 crore, up 2.8% YoY. The company secured a record TCV of nearly $300 million in deals. LTTS is focusing on AI-driven innovations and has launched new AI platforms. The Board declared an interim dividend of ₹18.00 per equity share. Despite market challenges, LTTS maintains a positive outlook, aiming for double-digit growth in FY26 and reiterating its medium-term goal of $2 billion in revenue.
01Oct 25
L&T Technology Services Secures $100 Million Multi-Year Contract from US Industrial Equipment Manufacturer
L&T Technology Services (LTTS) has signed a multi-year $100 million agreement with a US-based industrial equipment manufacturer in the semiconductor industry. LTTS will support new product development, sustenance engineering, value engineering, and platform automation. The company will establish a Center of Excellence to accelerate innovation and simplify platforms. LTTS will leverage its expertise in AI, computer vision, and automation technologies for this engagement. The company's Board of Directors is set to meet on October 17 to review and approve financial results for the quarter and half-year ended September 30.
30Sept 25
L&T Technology Services Announces Board Meeting for Q2 FY2026 Results and Interim Dividend Consideration
L&T Technology Services (LTTS) has scheduled a Board of Directors meeting on October 17, 2025, to review and approve Q2 and H1 FY2026 financial results. The board will consider declaring an interim dividend. An earnings call is set for 7:00 PM IST on the same day. The trading window for insiders will be closed from October 1 to October 19, 2025.
26Sept 25
L&T Technology Services and Siemens Forge AI-Driven Partnership for Industrial Innovation
L&T Technology Services (LTTS) has expanded its partnership with Siemens Limited to advance AI-led transformation in process engineering and smart manufacturing. The collaboration will leverage Siemens' digital technology portfolio and LTTS' AI-driven engineering expertise to deliver solutions across automotive, industrial products, and process engineering sectors. LTTS will focus on developing Machine & Line Simulation and Industrial Internet of Things (IIoT) Technology solutions. This partnership builds on a decade-long relationship and aims to create scalable innovations for digital transformation in Indian enterprises and beyond.
19Sept 25
L&T Technology Services Forges Strategic Partnership with MIT Media Lab for AI Innovation
L&T Technology Services (LTTS) has entered a multi-year membership agreement with MIT Media Lab to explore advancements in AI, focusing on Mobility, Sustainability, and Tech segments. As a consortium Lab Member, LTTS will engage in discussions within MIT Media Lab's cross-disciplinary ecosystem. The collaboration aims to develop AI-led innovations, sustainable engineering solutions, and combine LTTS' expertise with MIT Media Lab's research approach. LTTS will host industry programs at MIT Media Lab, including Digital Engineering Awards and Advisory Council gatherings. The partnership is expected to enhance LTTS' capabilities in delivering purposeful engineering innovations to its global client base.
03Sept 25
L&T Tech and SiMa.ai Join Forces to Revolutionize AI Solutions Across Multiple Sectors
L&T Technology Services (LTTS) has formed a strategic partnership with SiMa.ai to develop AI-driven solutions for mobility, healthcare, industrial automation, and robotics sectors. LTTS will leverage its engineering expertise while SiMa.ai provides its MLSoC™ ONE platform and software SDK. The collaboration aims to accelerate time-to-market, enhance operational efficiency, and deliver scalable intelligent solutions. The partnership will focus on identifying high-value opportunities, developing joint go-to-market strategies, and establishing a global product support framework. LTTS shares traded up 0.10% at ₹4,215.10 following the announcement.
21Aug 25
L&T Technology Services Unveils PLxAI: A Game-Changing GenAI Framework for Product Development
L&T Technology Services (LTTS) has introduced PLxAI, a proprietary generative AI framework designed to revolutionize product development cycles. PLxAI combines generative AI with conventional AI technologies to enhance product engineering processes from concept design to aftermarket support. The framework features knowledge capture, smart prompting, and contextual intelligence. LTTS has already deployed 36 use cases across various lifecycle stages, with 35 more in the design phase. Applications include concept design, component design, validation planning, failure mode analysis, digital twin integration, and agentic workflows. The market responded positively, with LTTS shares trading up 0.87% on the NSE.
26Jul 25
L&T Technology Services Secures $60 Million Contract from US Telecom Giant
L&T Technology Services (LTTS) has secured a multi-year software engineering contract worth approximately $60 million from a major US wireless telecommunications provider. The contract covers network software development, application engineering solutions, R&D lab integration, new product development, and functionality testing for network software automation platforms. LTTS will establish a dedicated delivery center in the US to support this engagement. The company plans to leverage its expertise in Smart World Connectivity and next-generation networks, while also integrating AI-powered test automation platforms to streamline product development and enhance operational efficiency.
22Jul 25
L&T Technology Services Reports 13.6% YoY Growth in Q1, Crosses $100 Million Quarterly Milestone in Sustainability Segment
L&T Technology Services (LTTS) reported robust Q1 results with revenue of ₹2,866 crores, up 16.4% YoY. The Sustainability segment crossed $100 million quarterly revenue for the first time. LTTS secured over $200 million in large deal Total Contract Value for the third consecutive quarter. The company maintained its double-digit growth guidance and medium-term target of $2 billion revenue. Despite challenges in the Mobility segment, particularly in Automotive, the Tech segment grew 29.4% YoY. LTTS launched PLxAI, an AI framework for product development, and opened a new design center in Texas.
17Jul 25
L&T Tech Reports 16% YoY Growth in Q1, Targets $200 Million Quarterly Large Deal Wins
L&T Technology Services (LTTS) reported a 16.4% year-on-year revenue growth to ₹28,660 million in Q1. The company secured over $200 million in large deals TCV for the third consecutive quarter, including one $50 million deal and three deals in the $20-30 million range. LTTS's Sustainability segment grew 4% sequentially and 16% annually, crossing the $100 million milestone. The company is focusing on AI and automation, launching PLxAI framework and opening a new Engineering Design Center in Texas. Despite challenges in some segments, LTTS maintains its outlook of reaching $2 billion in revenue.
17Jul 25
L&T Tech Reports 16% YoY Growth, Targets Double-Digit Growth and $2 Billion Revenue
L&T Technology Services (LTTS) reported a 16.4% year-on-year revenue growth to ₹2,866.00 crore in Q1. USD revenue increased by 13.6% to $335.30 million, while net profit grew 0.7% to ₹316.00 crore. LTTS secured deals worth over $200 million in TCV, including one $50 million deal and three in the $20-30 million range. The Sustainability segment showed strong performance, growing 4.1% sequentially and 16.4% annually. LTTS is launching PLxAI, a proprietary AI framework, and inaugurated a new Engineering Design Center in Texas. Despite challenges in specific sectors, the company expects to achieve double-digit growth and maintains its medium-term goal of reaching $2 billion in revenue.
17Jul 25
L&T Technology Services: Mixed Q1 FY24 Results Spark Divergent Analyst Views
L&T Technology Services (LTTS) reported a 4.20% sequential decline in Q1 FY24 consolidated revenue to $335.00 million. Despite this, the company secured 10 large deals worth over $200.00 million. Analysts have differing opinions: Citi maintains a 'sell' rating with a target price of Rs 4,015.00, while Morgan Stanley holds an 'equal-weight' rating, increasing its target price to Rs 4,500.00.
16Jul 25
L&T Tech Services Eyes Double-Digit Growth, Reports Strong Q1 Performance
L&T Technology Services (LTTS) reported strong Q1 FY26 results with 16.40% YoY revenue growth to ₹2,866.00 crore and 13.60% YoY USD revenue growth to $335.30 million. The company secured multiple large deals, including one worth $50 million and three in the $20-30 million range. LTTS is focusing on AI and innovation, having filed 206 AI patents and launching PLxAI, a proprietary AI framework. Despite challenges in some sectors, LTTS remains confident in achieving double-digit growth in FY26 and reaching its $2 billion revenue target.
16Jul 25
L&T Technology Services Reports Mixed Q1 Results: Revenue Dips, Profit Rises, Attrition Increases
L&T Technology Services (LTTS) reported a 3.90% QoQ revenue decline to ₹2,866.00 crore in Q1, attributed to seasonality and global challenges. Despite this, net profit increased by 1.64% to ₹316.10 crore. The company maintained strong deal momentum, securing multiple large deals. LTTS is focusing on AI and automation for growth, launching PLxAI framework and opening a new design center in Texas. The company's attrition rate increased to 14.8%, while employee headcount decreased by 630 to 23,626.
15Jul 25
L&T Technology Services Braces for Q1FY26 Challenges Amid Weak Demand
L&T Technology Services is expected to face challenges in its Q1FY26 results, set to be released on July 16. The company's performance is likely to be impacted by ongoing weakness in the automobile and telecom industries, two of its key sectors. Analysts project a decline in key performance metrics for the quarter. The anticipated downturn is attributed to global automotive industry challenges, hurdles in the telecom sector, and overall market volatility affecting client spending.
02Jul 25
L&T Technology Services: Strategic Partnership with Traton Group for Global R&D Transformation
L&T Technology Services (LTTS) has been selected by Traton Group for a multi-year collaboration to transform the global R&D ecosystem in the mobility sector. LTTS will provide end-to-end engineering services across Traton's development centers in multiple countries. The partnership focuses on advanced engineering domains including software-defined vehicle architectures, electrified powertrains, and autonomous systems. This strategic alliance aims to drive innovation in the commercial vehicle industry and strengthen LTTS's position in the automotive and mobility sectors.
30Jun 25
L&T Technology Services Partners with thyssenkrupp Steering for Advanced Vehicle Technologies
L&T Technology Services (LTTS) has formed a strategic partnership with thyssenkrupp Steering to establish and manage a dedicated software development centre in Pune, India. The centre will focus on developing safety-critical software for advanced steering technologies, with emphasis on embedded systems, functional safety, and cybersecurity. This collaboration aims to enhance intelligent and connected vehicle technologies, positioning both companies at the forefront of automotive innovation.
27Jun 25
L&T Technology Services Expands US Presence with New Engineering Design Center in Texas
L&T Technology Services (LTTS) has established a new Engineering Design Center in Plano, Texas, focusing on Artificial Intelligence, technology development, and digital manufacturing. This strategic expansion strengthens LTTS's presence in the United States, enhances its ability to serve North American clients, and taps into the local tech talent pool. The center aims to drive innovation in key technological domains and contribute to the local economy.
25Jun 25
L&T Technology Services Secures $50 Million Deal as Exclusive Engineering Partner for Leading Energy Company
L&T Technology Services Limited (LTTS) has been chosen as the exclusive global engineering partner for enterprise data and digital services by a leading energy company. The five-year agreement is valued at over $50 million, focusing on digital transformation within the energy sector. This contract win validates LTTS's expertise in digital services and strengthens its position in the evolving engineering services market. The news had a positive impact on LTTS's stock, which rose up to 1.50% following the announcement.
05Jun 25
L&T Technology Services Announces Rs 38 Per Share Final Dividend as Q4 Profit Dips
L&T Technology Services (LTTS) announced a final dividend of Rs 38 per share for FY2025, with a total payout of Rs 402 crore. The company's Q4 FY2025 results showed mixed performance with revenue increasing 16.90% YoY to Rs 3,031.70 crore, but net profit declining 3.40% to Rs 310.20 crore. EBITDA fell 6.08% to Rs 524.80 crore, and EPS decreased by 8.90%. The profit decline was attributed to a 23.21% increase in expenses, outpacing revenue growth. The dividend record date is set for June 6, with June 5 being the last day to buy shares for eligibility.
04Jun 25
L&T Technology Services Inks Strategic Deal with Tennant for Sustainable Product Innovation
L&T Technology Services (LTTS) and Tennant Company have formed a strategic partnership to establish an offshore development centre. The centre will focus on product innovation, lifecycle management, and key business functions for industrial cleaning equipment. This collaboration aims to advance sustainable new product development in the industrial cleaning sector, potentially accelerating the introduction of eco-friendly technologies and improving equipment efficiency.
21May 25
L&T Technology Services Joins Forces with BITS Pilani and CRENS for National Security R&D
L&T Technology Services Limited (LTTS) has formed a strategic collaboration with BITS Pilani and CRENS to drive research and development in national security. The partnership aims to combine LTTS's engineering expertise with BITS Pilani's academic excellence and CRENS's specialized knowledge. The initiative will focus on defense, law enforcement, and cybersecurity domains to address complex national security challenges through innovative research and technological advancements.
16May 25
L&T Technology Services Announces ₹38 Per Share Final Dividend, Sets Record Date
L&T Technology Services Limited (LTTS) has set June 6, 2025, as the record date for a proposed final dividend of ₹38.00 per equity share for the fiscal year 2024-25. The dividend is subject to approval at the upcoming Annual General Meeting (AGM) and will be paid within 30 days of approval. Shareholders registered as of the record date will be eligible for the dividend.
25Apr 25
L&T Technology Services: Q4 Profit Dips Despite Revenue Rise, Sets Margin Improvement Goals for FY27-28
L&T Technology Services (LTTS) reported Q4 FY25 revenue of ₹2,982.00 crore, up 12.40% QoQ, but net profit declined 3.40% to ₹311.00 crore. FY25 revenue grew 10.60% YoY to ₹10,670.10 crore, while annual net profit fell 2.80%. EBIT margin contracted to 13.20%. The company announced a final dividend of ₹38.00 per share and set new margin improvement goals, aiming for 16% margins by Q4 FY27 or Q1 FY28.
24Apr 25
L&T Technology Services Reports Strong Q4 Growth, Recommends ₹38 Final Dividend
L&T Technology Services Limited (LTTS) announced its Q4 and FY25 financial results. Q4 revenue reached ₹29,824.00 million, up 12.4% QoQ and 17.5% YoY. FY25 revenue was ₹106,701.00 million, up 10.6% YoY. The company reported highest-ever large deal bookings in Q4, including deals worth over $80 million and $50 million. LTTS recommended a final dividend of ₹38.00 per equity share. The company expects FY26 to outperform FY25 with double-digit revenue growth in constant currency.
24Apr 25
L&T Technology Services Reports Record Deal Bookings and Strong Q4 Growth
L&T Technology Services (LTTS) announced impressive Q4 and FY25 results. Q4 revenue reached ₹29,824.00 million, up 17.5% YoY. The company achieved record-breaking TCV large deal bookings, including one USD 80+ million deal. For FY25, revenue grew to ₹106,701.00 million, up 10.6%. LTTS crossed the ₹10,000.00 crore annual revenue milestone. The Board recommended a final dividend of ₹38.00 per share. Management expressed optimism for FY26, reaffirming their medium-term outlook of USD 2 billion revenue.
24Apr 25
L&T Technology Services Reports Strong Q4 Growth, Optimistic on FY26 Outlook
L&T Technology Services Limited (LTTS) reported robust Q4 FY25 results with revenue reaching ₹29,824.00 million, a 12.4% QoQ growth. USD revenue grew 10.7% QoQ to $345.10 million. For FY25, revenue reached ₹106,701.00 million, up 10.6%. The company secured its highest-ever large deal bookings in Q4, including deals worth over $80 million and $50 million. LTTS completed the acquisition of Intelliswift and announced a final dividend of ₹38.00 per share. Management expects FY26 to outperform FY25 with double-digit revenue growth, focusing on AI and Automation opportunities.
24Apr 25
L&T Technology Services: Q4 Profit and Margin Miss Estimates, Declares Dividend
L&T Technology Services (LTTS) announced Q4 FY25 results with revenue up 12.40% to ₹2,982.40 crore, but net profit down 3.50% to ₹311.10 crore. The company secured its highest-ever large deal bookings, including deals worth over $80 million and $50 million. LTTS recommended a final dividend of ₹38.00 per share. The Tech segment showed the highest growth at 29.60%. Despite mixed results, LTTS remains optimistic about FY26, expecting it to outperform FY25 based on strong deal bookings and opportunities in AI and Automation.
22Apr 25
L&T Technology Services to Announce Q4 and FY25 Results, Consider Final Dividend
L&T Technology Services Limited (LTTS) has announced a Board meeting on April 24, 2025, to approve Q4 and FY25 financial results. The Board will consider recommending a final dividend for FY24-25. An earnings call is scheduled for 7:00 PM on the same day. The trading window for insiders will be closed from April 1 to April 26, 2025.
02Apr 25
L&T Technology Services Secures €50 Million Deal with European Automotive OEM
L&T Technology Services (LTTS) has won a €50 million contract with a European automotive OEM. LTTS will establish a new development center focusing on software-defined vehicle capabilities and advanced driver-assistance systems (ADAS). This deal follows an $80 million contract with a US-based industrial products manufacturer, highlighting LTTS's growing prominence in the global engineering services market, particularly in automotive technology.
01Apr 25
L&T Technology Services Secures €50 Million Deal with European Automotive OEM
L&T Technology Services (LTTS) has secured a €50 million deal with a major European Automotive OEM. The agreement involves developing next-generation software platforms for current and future vehicle models. LTTS will establish a new development center to advance the client's technology stack, including unified architecture, proprietary operating system, automotive cloud, and advanced vehicle features. The deal showcases LTTS' expertise in Software Defined Vehicle development, Advanced Driver Assistance Systems, and Software Defined Everything.
19Mar 25
L&T Technology Services Unveils AI-Powered TrackEI™ to Revolutionize Railway Safety
L&T Technology Services Limited (LTTS) has introduced TrackEI™, an AI-powered solution for railway safety. Leveraging NVIDIA Jetson™ platform, TrackEI™ performs high-speed automated inspections at over 60 MPH, using advanced cameras and laser profiling to detect track defects in real-time. The system offers continuous improvement through machine learning and will be showcased at NVIDIA GTC 2025. Currently undergoing testing at MxV Rail, TrackEI™ aims to revolutionize railway maintenance and safety protocols.
20Feb 25
L&T Secures Significant Contract Worth Up to ₹50 Billion, Boosting Order Book
Larsen & Toubro (L&T) has won a significant contract valued between ₹25 billion to ₹50 billion. This substantial deal is expected to boost L&T's order book, enhance revenue visibility, and reinforce its strong market position in India's infrastructure sector. While specific project details remain undisclosed, the contract underscores L&T's continued prominence in engineering and construction.
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