L&T Technology Services Ltd

CRISIL Ratings has revised the ESG rating of 'CRISIL ESG 68' to 'CRISIL ESG 69' under the category 'Strong'.Powered by Capital Market - Live

L&T Technology Services signed strategic agreement with Tennant Company (NYSE: TNC), a world leader in sustainable cleaning solutions. As part of the agreement, LTTS will set up a dedicated state-of-the-art Offshore Development Center (ODC) with a scalable engineering team to support Tennant's efforts across New Product Development, product Life Cycle Management, and key business functions. This strategic work between the two companies aims to accelerate the development of cutting-edge industrial cleaning technologies, leveraging LTTS' deep expertise in embedded systems, expertise in IoT (Internet of Things) and digital engineering to drive efficiency and sustainability. It also reflects LTTS' broader commitment to advancing its sustainability vision by fostering eco-friendly and energy efficient engineering solutions that contribute to a greener future. With a dedicated team of highly skilled engineers, the ODC will focus on enhancing Tennant's product innovation, optimizing performance, and integrating smart automation into its industrial cleaning portfolio. The collaboration also sets the stage for broader innovation in emerging markets, particularly in the Asia-Pacific region.Powered by Capital Market - Live

L&T Technology Services announced that it has signed a Memorandum of Understanding (MoU) with the Birla Institute of Technology and Science (BITS) Pilani and the Center for Research and Excellence in National Security (CRENS). This landmark collaboration aims to drive research & development (R&D), innovation, and skill development in areas critical to national security, including cybersecurity, perimeter security, digital forensics, and emerging technologies. CRENS, hosted at the BITS Pilani Hyderabad campus, will serve as the central hub for this collaboration to interface with law enforcement, industry experts, and academic researchers, fostering technological advancements and robust skill-building initiatives. With active involvement from defense experts, including former leaders from the armed forces and Defence Research and Development Organisation (DRDO), CRENS ensures a real-world influence on the partnership's projects. LTTS has vast experience of setting up over 25 smart & safe city command centers, 100+ engineering labs, Cyber Threat Analytics Center & SOCs, powered by advanced AI solutions and LTTS Fusion', an Integrated Operations Center Platform in realms of public safety & cyber security and border & critical infra perimeter security. Through this MoU, LTTS and BITS Pilani will also collaborate on resources, sharing technical infrastructure, research labs, and expertise to mutually enhance their capabilities. Additionally, the ecosystem will create enduring platforms for co-hosting conferences, innovation boot camps, and mentoring programs to address evolving security needs.Powered by Capital Market - Live

L&T Technology Services announced that the 13th Annual General Meeting(AGM) of the company will be held on 16 June 2025.Powered by Capital Market - Live

L&T Technology Services has fixed 06 June 2025 as record date for purpose of determining the Members eligible to receive final dividend for FY 2024-25. Powered by Capital Market - Live

Revenue from operations stood at Rs 2,982.4 crore in the March 2025 quarter, marking a 12.42% increase from Rs 2,653.0 crore reported in the previous quarter. On a year-on-year (YoY) basis, the IT firm reported an 8.74% decline in net profit, while revenue rose by 17.53% in Q4 FY25. Profit before tax came in at Rs 440.80 crore during the quarter, down 2.86% QoQ and 9.28% YoY. EBITDA stood at Rs 475.5 crore in Q4 FY25, registering a decline of 3.88% QoQ and 5.43% YoY. The EBITDA margin fell to 15.9% in Q4 FY25 from 19.8% in Q4 FY24 and 18.6% in Q3 FY25. EBIT margin dropped to 13.2% in Q4 FY25, compared to 16.9% in Q4 FY24 and 15.9% in Q3 FY25. In dollar terms, the company's revenue stood at $345.1 million in Q4 FY25, registering growth of 10.7% QoQ and growth of 13.1% YoY. In constant currency, the firm reported a rise of 10.5% QoQ and a 14.2% increase on a YoY basis. During the quarter, LTTS signed one $80 million deal, one $50 million deal, along with deals worth $30 million and $20 million, and three deals valued at $10 million each. At the end of Q3 FY25, the patent portfolio of L&T Technology Services stood at 1,502, out of which 929 are co-authored with its customers and the rest are filed by LTTS, and employee strength stood at 24,258. Amit Chadha, CEO & managing director of LTTS, said, 'In Q4, we continued our large deal momentum, recording the highest-ever TCV bookings. The large deal pipeline has been robust on the back of value enhancement across the clients' product lifecycle and digital transformation journey. We delivered 8.9% revenue growth in constant currency in FY25. In Q4, we had strong sequential growth of 10.7%, which was led by the tech and sustainability segments in a quarter of tightening market conditions. During the quarter, we completed the acquisition of Intelliswift, allowing us to address new markets in service-led sectors. We achieved three notable milestones: crossing Rs 10,000 crore in annual revenue, surpassing 1,500 patent filings, and being officially recognized as a Great Place to Work in the U.S. for the second year in a row and in Japan for the first time ever. As we step into FY26, we see the technology landscape tilting sharply towards AI and automation, providing us with new opportunities to develop AI-led solutions. Based on the large deal bookings closed during the quarter, in our view, FY26 will be a better year than FY25. We also reaffirm our medium-term outlook of $2 billion revenue.' Meanwhile, the board of directors has recommended a final dividend of Rs 38 per equity share (face value of Rs 2 each) for the financial year ended 31 March 2025. The proposed final dividend will be paid within 30 days of shareholder approval at the upcoming Annual General Meeting. L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and maintenance services across products and processes.Powered by Capital Market - Live

L&T Technology Services announced that the Board of Directors of the Company at its meeting held on 24 April 2025, inter alia, have recommended the final dividend of Rs 38 per equity Share (i.e. 1900%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of L&T Technology Services declined 8.74% to Rs 311.10 crore in the quarter ended March 2025 as against Rs 340.90 crore during the previous quarter ended March 2024. Sales rose 17.53% to Rs 2982.40 crore in the quarter ended March 2025 as against Rs 2537.50 crore during the previous quarter ended March 2024. For the full year,net profit declined 2.84% to Rs 1266.70 crore in the year ended March 2025 as against Rs 1303.70 crore during the previous year ended March 2024. Sales rose 10.60% to Rs 10670.10 crore in the year ended March 2025 as against Rs 9647.30 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales2982.402537.50 18 10670.109647.30 11 OPM %15.9419.81 -17.7419.89 - PBDT508.90545.60 -7 2046.002075.40 -1 PBT427.30471.00 -9 1740.701803.80 -3 NP311.10340.90 -9 1266.701303.70 -3 Powered by Capital Market - Live

The said deal marks a significant achievement for the company in its mobility segment, strengthening its position as a trusted engineering partner in the global automotive ecosystem. The comprehensive scope of this transformational deal includes the establishment of a development center that leverages software defined vehicle (SDV), advanced driver assistance systems (ADAS) capabilities for the client. The company secured this prestigious deal through its expertise in SDV, ADAS, and software defined everything (SDe). Its strategic investments in driverless car technologies have enabled the development and launch of an integrated ADAS stack along with cutting edge solutions in AI and SDVs, helping clients accelerate time-to-market and stay competitive. The company's EV lab in Bangalore, India serves as a hub for the development and testing of advanced electric vehicle technologies. Recently, the company launched LTTSiDrive for global clients in Mobility, a framework for SDV implementation across Auto, Trucks, and Off-Highway vehicles, further underscoring LTTS' innovation-driven approach. Amit Chadha, CEO & managing director, L&T Technology Services and nasscom executive council member stated, We are thrilled to collaborate with one of the most influential automotive leaders in Europe. This deal underlines LTTS' proven competencies in software-defined mobility and reflects our commitment to enabling transformation in the global automotive landscape. Our expertise in EV technologies, SDVs and ADAS, complemented by our robust digital engineering capabilities, positions us to create powerful impact for our customers, making future-ready mobility a reality. L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and maintenance services across products and processes. The company's consolidated net profit increased marginally to Rs 322.4 crore in Q3 FY25 as against Rs 319.6 crore in Q2 FY25.Revenue from operations was at Rs 2,653 crore in the December 2024 quarter, up 3.11% as against Rs 2,572.9 crore reported in the preceding quarter of the same year.Powered by Capital Market - Live

L&T Technology Services will hold a meeting of the Board of Directors of the Company on 24 April 2025.Powered by Capital Market - Live