L&T Technology Services Limited
LTTS is an engineering services provider incorporated in 2012, offers engineering,, research and development (ER&D) and digitalization solutions to companies in the areas such as Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices and PlantEngineering. LTTS‚Äô customer base includes 69 Fortune 500 companies and 53 of the world‚Äôs top ER&D companies.The business also provides digital…
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LTTS has received stock exchange approval to reclassify Nabha Power Ltd from its 'Promoter Group' to the 'Public' category. This shifts ownership structure.
L&T Technology Services (LTTS) has completed the transfer of its Smart World and Communication Business Unit (SWC Unit) to AMI Paradigm Solutions. This strategic divestment marks a key operational change for LTTS.
LTTS unveiled AgenticIQ™, an AI platform designed to scale autonomous AI agents across engineering, manufacturing, and customer experience. It simplifies deploying advanced AI from pilots to full production for various industries.
LTTS partnered with Anthropic to integrate Claude AI into its engineering platforms. This aims to accelerate innovation, streamline workflows, and enhance product and software development for enterprise clients, potentially boosting revenue opportunities.
LTTS reported Q1 revenue of INR 2,940.1 Cr, up 11.5% YoY, and USD 310 million (CC +1.9%). Net profit rose 17.4% YoY to INR 351.8 Cr. EBIT margin hit 15.7%, up 200 bps YoY. Strong deal momentum and AI partnerships (Anthropic, Databricks) drive growth.