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LTTS Analyst Meet: Mobility and Hitech to drive superior growth

ICICIdirect Research 30 Aug 2024 DISCLAIMER

Overall outlook: LTTS is targeting a US$1.5 billion run rate, with ambitions to reach US$2 billion and a 17-18% EBIT margin in the medium term.

Strategic Focus: The company has reorganized into Mobility, Sustainability, and Hi-Tech segments, each aiming for US$1 billion revenue with a strong emphasis on AI and Software-Defined Vehicles (SDV). 

Segment wise growth outlook: Mobility is expected to grow at 20-22% CAGR, focusing on SDVs and has secured significant contracts in auto, aero, and off-highway sectors. The sustainability segment is expected to grow at 14-16% CAGR, driven by process industries, while the tech segment aims for 18-20% CAGR despite current challenges.

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