L&T TECHNOLOGY SERVICES LTD.
NSE : LTTSBSE : 540115ISIN
CODE : INE010V01017Industry : IT - SoftwareHouse
: L&T
BSE4519.00-53.1 (-1.16 % )
PREV CLOSE (Rs.) 4572.10
OPEN PRICE (Rs.) 4575.05
BID PRICE (QTY) 4516.30 (6 )
OFFER PRICE (QTY) 4519.30 (2 )
VOLUME 6083
TODAY'S LOW / HIGH (Rs.)
52 WK LOW / HIGH (Rs.)
NSE4516.20 -57.8 (-1.26 % )
PREV CLOSE(Rs.) 4574.00
OPEN PRICE (Rs.) 4600.00
BID PRICE (QTY) 4516.20 (9 )
OFFER PRICE (QTY) 4518.15 (3 )
VOLUME 110571
TODAY'S LOW / HIGH(Rs.)
52 WK LOW / HIGH (Rs.)
Company News
| Date | Heading | Details |
|---|---|---|
| 02-May-2024 | LTTS, Forvia sign strategic partnership | <p style="text-align: justify;">L&T Technology Services (LTTS) and Forvia have signed a strategic partnership -- which represents a contract of around Euro 45 million - on Engineering development activities for the benefit of its Clean Mobility division.</p><p style="text-align: justify;">As part of this five-year partnership, approximately 300 engineers from Forvia's Augsburg (Germany) and Bangalore (India) sites, have transferred to LTTS. This represents a 95% transfer success rate securing the skills of these teams who will develop internal combustion engine related engineering activities from within LTTS.</p><p style="text-align: justify;">With LTTS at the helm, these engineers continue their activities for Forvia from their current locations, guaranteeing seamless collaboration and ongoing support for end customers across Digital PLM initiatives. Forvia is addressing the evolving automotive landscape on ultra-low emissions while ensuring high-quality engineering support and providing opportunities for maintaining employment.</p><p style="text-align: justify;">The partnership will deliver engineering services for Forvia. Additionally, not only will it secure the career path of transferred employees, but it will also enrich their skillsets with exposure to LTTS' extensive portfolio. A key part of the agreement is the capacity given by Forvia to LTTS to train and reskill these engineers who, supported by the LTTS Global Engineering Academy, will be repositioned over time to work in other fields within the LTTS commercial network. </p><p style="text-align: justify;">L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.</p> |
| 02-May-2024 | L&T Technology Services informs about press release | <p style="text-align: justify;">Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, L&T Technology Services has sent a copy of the Press Release titled ‘Forvia and L&T Technology Services agree Strategic Partnership on Ultra-Low Emissions Engineering in Germany And India'.</p><p style="text-align: justify;">The above information is a part of company's filings submitted to BSE.</p> |
| 29-Apr-2024 | Clarification sought from L&T Technology Services Ltd | The Exchange has sought clarification from L&T Technology Services Ltd on April 29, 2024, with reference to Movement in Volume. The reply is awaited. |
| 26-Apr-2024 | LTTS to simplify organizational structure into 3 main segments to drive future growth | <p style="text-align: justify;">L&T Technology Services (LTTS) is all set for streamlining and simplifying its organizational structure into 3 main segments to drive future growth, scalability and technology innovation. The company will consolidate its existing five segments into three: Mobility, Sustainability, and Hi-Tech, as part of the company's ‘Go Deeper to Scale' strategy to meet evolving customer demands.</p><p style="text-align: justify;">The newly defined segments are designed to align with LTTS' core sectors addressing unique differences within each domain, allowing each segment to build world class solutions, assets and become best-in-class in their respective areas. As a result, this is expected to drive deeper focus, customized services & solutions and enhanced client intimacy.</p><p style="text-align: justify;">The Mobility segment will encompass Automotive, Commercial Vehicles and Aerospace verticals. Sustainability will cover Industrial Machinery & Building Technology, Electric & Power, FMCG and Oil & Gas. The Hi-Tech segment will include MedTech, Semiconductors, Consumer Electronics, Hyperscalers and NexGen Comm verticals. </p><p style="text-align: justify;">Leveraging commonalities of engineering and technology skills, LTTS will consolidate and strengthen its technology areas into 3 overarching horizontals - AI & Software Defined Everything (SDx), Embedded Systems, and Digital Manufacturing Solutions. This strategic realignment will allow LTTS to better leverage its digital assets, labs, and expertise, offering multi-domain cutting-edge solutions to a global clientele, helping improve its innovation quotient. </p><p style="text-align: justify;">As part of this strategic realignment, LTTS is integrating sales and delivery into a single cohesive structure to enhance agility and faster decision making, drive domain-specific synergies, scale operations and deals, and deliver greater value to both customers and employees.</p><p style="text-align: justify;">L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.</p><div style="text-align: justify;"><br></div> |
| 26-Apr-2024 | InterGlobe Aviation, PG Electroplast and ACC to see some action today | <p style="text-align: justify;"><span style="font-weight: bold;">InterGlobe Aviation</span> (IndiGo) has strengthened its fleet with the introduction of wide-body aircraft to its fleet. Since inception in 2006, IndiGo has been successfully building its position and is now defining its future further on the path of becoming a global aviation player. IndiGo agreed to place an order for 30 Firm A350-900 aircraft, which will enable IndiGo to spread its wings further and expand its network. From the various Indian metros, IndiGo will be able to connect to the world. The aircraft will be powered by Rolls Royce's Trent XWB engine. The mission capability of this aircraft coupled with the efficiency of the Trent XWB engine will offer IndiGo unprecedented optionality as it embarks on the next stage of its wonderful journey of addressing the rapidly evolving needs of the Indian customer and the nation. </p><p style="text-align: justify;"><span style="text-align: left;">PG Technoplast, a wholly-owned subsidiary of <b>PG Electroplast </b>(PGEL), has marked a significant milestone with the unveiling of its new marquee air conditioning manufacturing facility for North India in Bhiwadi, Rajasthan. This strategic investment aims to meet the growing demand for energy-efficient and sustainable cooling solutions in India and expand the company's footprint in the rapidly growing air conditioning market. </span></p><p style="text-align: justify;"><span style="font-weight: bold;">ACC </span>has reported over 4-fold jump in its net profit at Rs 944.84 crore for fourth quarter ended March 31, 2024 as compared to Rs 235.66 crore for the same quarter in the previous year. Total income of the company increased by 12.59% at Rs 5,528.45 crore for Q4FY24 as compared Rs 4,910.06 crore for the corresponding quarter previous year. </p><p style="text-align: justify;"><span style="font-weight: bold;">Tata Communications</span> has issued and allotted Commercial Paper aggregating to an amount of Rs 350 crore on April 24, 2024. The said Commercial Paper has been listed on National Stock Exchange of India on April 25, 2024. </p><div style="text-align: justify;"><p><span style="font-weight: bold;">L&T Technology Services</span> has reported results for fourth quarter (Q4) ended March 31, 2024. The company has reported 2.05% rise in its net profit at Rs 329.30 crore for the quarter under review as compared to Rs 322.70 crore for the same quarter in the previous year. Total income of the company increased by 9.03% at Rs 2,400.80 crore for Q4FY24 as compared Rs 2,201.90 crore for the corresponding quarter previous year. On consolidated basis, the company's Year-on-Year net profit remained flat at Rs 341 crore for the quarter ended 31 March, 2024. Total income of the company increased by 7.13% at Rs 2,593.50 crore for Q4FY24 as compared Rs 2,421 crore for the corresponding quarter previous year.</p><p><span style="font-weight: bold;">UFlex </span>has entered into a long-term Power Purchase Agreement (PPA) with Amplus Phoenix to source renewable power under a group captive power policy. The plant will provide solar power to UFlex's Packaging Films manufacturing plant in Dharwad, Karnataka. In line with UFlex's goal of being net zero by 2035, or earlier, this move will strategically reduce UFlex's carbon emissions by app. 19000 tCO2e.</p><p><span style="font-weight: bold;">NTC Industries</span> has completed sale of its land situated at Mouza Agarpara, having an area 0.49 acre, P.S. Khardah, within the Panihati Municipality Jurisdiction, District North 24 Parganas, Kolkata, West Bengal, India to Primarc Infrastructure LLP (formerly known as Nakesa Projects LLP). The sale is completed on April 25, 2024.</p></div> |
| 25-Apr-2024 | L&T Technology Services' consolidated net profit remains flat in Q4FY24 | <p style="text-align: justify;">L&T Technology Services has reported results for fourth quarter (Q4) and year ended March 31, 2024.</p><p style="text-align: justify;">The company has reported 2.05% rise in its net profit at Rs 329.30 crore for the quarter under review as compared to Rs 322.70 crore for the same quarter in the previous year. Total income of the company increased by 9.03% at Rs 2,400.80 crore for Q4FY24 as compared Rs 2,201.90 crore for the corresponding quarter previous year. </p><p style="text-align: justify;">On consolidated basis, the company's Year-on-Year net profit remained flat at Rs 341 crore for the quarter ended 31 March, 2024. Total income of the company increased by 7.13% at Rs 2,593.50 crore for Q4FY24 as compared Rs 2,421 crore for the corresponding quarter previous year. </p><p style="text-align: justify;">For the year ended March 31, 2024, the company has reported 9.13% rise in its net profit at Rs 1258.5 crore as compared to Rs 1153.2 crore for the previous year. Total income of the company increased by 9.50% at Rs 8,882.00 crore for year under review as compared to Rs 8,111.70 crore for year ended March 31, 2023.</p><p style="text-align: justify;">For the year ended March 31, 2024, on the consolidated basis, the company has reported 7.39% rise in its net profit at Rs 1306.30 crore as compared to Rs 1216.40 crore for the previous year. Total income of the company increased by 9.27% at Rs 9,854.60 crore for year under review as compared to Rs 9,018.80 crore for year ended March 31, 2023.</p><div style="text-align: justify;"><br></div> |
| 25-Apr-2024 | L&T Technology Services informs about disclosure | <div>L&T Technology Services has informed that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors of the Company at their meeting held today, i.e. April 25, 2024, appointed Alwyn Jay & Co., Company Secretaries as the Secretarial Auditors for the financial year 2024-25. The relevant details pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular no. SEBI/HO/CFD/CFD-PoD-1/P/ CIR/2023/123 dated July 13, 2023, in respect of the said Auditors is enclosed as Annexure A.</div><div><br></div><div>The above information is a part of company's filings submitted to BSE.</div><div><br></div> |
| 25-Apr-2024 | Announcement Under Regulation 30 (LODR) - Grant Of Options Under The Employees Stock Option Scheme 2016 Of The Company | Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we wish to inform you that the Nomination & Remuneration Committee has approved the grant of 51,600 options under the Company''s ESOP Scheme, 2016. |
| 25-Apr-2024 | Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS | We wish to inform you that the Company has allotted 4,700 equity shares of face value of Rs. 2/- each on April 25, 2024, to the grantees who had exercised their vested stock options under the Company''s ESOP Scheme, 2016. |
| 25-Apr-2024 | Revised Filing - Grant Of Options | We refer to our even dated letter informing about grant of options under the ESOP Scheme, 2016, of the Company. We had inadvertently mentioned a grant of 51,600 options instead of grant of 51,400 options. |
