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L&T Technology Services Ltd share Price Today

Company details

5,242.20
5,437.85
3,297.05
5,678.90
6M Return 13.90%
1Y Return 50.92%
Mkt Cap.(Cr) 57,308.48
Volume 283,060
Div Yield 0.83%
OI
-
OI Chg %
-
Volume 283,060

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IT Consulting & Software company L&T Technology Services announced Q3FY24 results:

Financial Performance Highlights

  • Revenue: Rs 24,218 million, marking a 12.3% YoY increase and a 1.5% QoQ growth.
  • Net Profit: Stood at Rs 3,362 crore, which is a 13% YoY increase.
  • USD Revenue: $290.7 million, up by 11% YoY and up 1% QoQ.
  • EBIT Margin: Reported at 17.2%.

Operational Performance

  • The company signed six TCV deals worth over USD 10 million each, including one USD 40 million deal and one USD 20 million deal.
  • Notable progress in new-technology focus areas including Al, software-defined vehicles (SDV), and cybersecurity with a total of 53 patents filed across different segments.

Strategic Developments

  • Large Deals: Secured a significant relationship with BP to drive digital transformation.
  • New Technology Focus: Progressed in Al, SDV, and cybersecurity with major wins including a USD 10 million deal in cybersecurity.

Patents and Innovations

  • Patents Portfolio: Now stands at 1,249, with 811 co-authored with customers.

Human Resources

  • Employee Strength: Stood at 23,298 at the end of Q3FY24.

“We have made notable progress in each of our new-technology focus areas – AI, software-defined vehicles (SDV), and cybersecurity. In AI, we filed 53 patents across segments like Transportation, Medical, and Industrial Products. We had our first major win in SDV with a US OEM to define the architecture of their next-generation automobiles. And continuing our SWC leveraged global deal wins, we won a $10M plus deal in cybersecurity. These wins are a testimony to our differentiated offerings that enable us to become strategic partners to our customers.

All 5 segments grew positively for the second quarter in a row giving us 1% sequential growth despite the seasonal softness. A milestone win for us was the start of a significant relationship with BP to drive digital transformation. Our operational performance was steady helping us achieve double-digit profit growth.” said Amit Chadha, CEO & Managing Director, L&T Technology Services.

 

 

Result PDF

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L&T Technology Services Ltd shares SWOT Analysis

Strengths (12)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (1)

  • Negative Breakdown Second Support (LTP < S2)

Opportunity (0)

Data not found

Threats (3)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 5,449.7
R2 5,512.3
R3 5,586.6
Pivot

5,375.35

S1 5,312.7
S2 5,238.4
S3 5,175.8
EMA SMA
5,331.1
5,302.6
5,110.2
4,769.1
5,319.7
5,398.9
5,060.4
4,658.2
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI TOTAL INTERNATIONAL STOCK ETF Block Purchase 2022-05-04 3943.8 49150 BSE
ISHARES CORE TOTAL INTERNATIONAL STOCK MAURITIUS CO Block Sell 2022-05-04 3943.8 49150 BSE
GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIO Block Purchase 2021-09-16 4573.2 412348 BSE
Name Category Shares
LARSEN AND TOUBRO LIMITED PROMOTER 73.75%

FINANCIALS

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L&T Technology Services Ltd Stocks COMPARISON

Financials( in Cr) L&T Technology Services Ltd Tata Consultancy Services Ltd Infosys Ltd HCL Technologies Ltd Wipro Ltd
Price 5,419.60 4,216.40 1,634.30 1,647.85 517.20
% Change 2.98 0.21 -1.15 -1.87 -0.14
Mcap Cr 57,308.48 1,525,530.62 678,307.72 447,171.29 270,206.07
Revenue TTM Cr 8,013.60 225,458.00 146,767.00 101,456.00 90,487.60
Net Profit TTM Cr 1,174.10 42,303.00 24,108.00 14,845.00 11,366.50
PE TTM 43.71 32.90 27.26 28.38 23.63
1 Year Return 50.92 31.15 15.09 52.01 36.30
ROCE 33.41 58.04 44.36 27.62 17.11
ROE 25.77 47.26 36.42 23.32 15.89
INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 4,950.90 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 19,949.36 46,625.05
LAST 3M 62,706.47 30,325.37
LAST 6M 124,059.31 61,387.51
LAST 12M 183,733.61 212,735.20
L&T Technology Services Limited - Press Release

Mar 15, 2024 l NSE Announcement

LTTS bags Rs 800 cr contract from Maharashtra State Cyber Department

Mar 15, 2024 l BSE Announcement

Date Action Type Ratio
Oct 27, 2023 Dividend 850
Jul 07, 2023 Dividend 1500
Oct 27, 2022 Dividend 750

L&T Technology Services Ltd Information

Stock PE (TTM)
43.71
Promoter Holding
73.75%
Book Value
452.8625
ROCE
33.41%
ROE
25.77%
Description
  • L&T Technology Services (LTTS) is an engineering services company with a market capitalization of INR 40,173.80 Crores as of 18th August ‘2021. On 14th June ‘2021, this company was incorporated as L&T Technology and Engineering Services Company Limited as a public limited company. Further, it had been changed to L&T Technology Services Limited to more appropriately describe its business and obtain it in line with the company’s main objects. The Bombay Stock Exchange (BSE) and National Stock Exchange have assigned the number 540115 and scrip code LTTS. As of 16th August ‘2021, L&T Technology Services (LTTS) is trading at INR 3,675.05.

    L&T Technology Services Limited provides engineering, research, and development (ER&D) services, including product design, analysis, prototyping and testing, embedded system design, manufacturing engineering, plant, and construction engineering, asset information management, and engineering process support. The company has 50 locations in India where business activity is undertaken. It also has 31 international locations for carrying on business activity. As of 31st March 2021, the company has 40,527 employees, out of which 3,149 are women employees. There are approx. 320,299 contractual employees in the company. In 2020, L&T Technology Services (LTTS) had been conferred with Business Standard Social Excellence Award 2019, FICCI Corporate Social Responsibility Award, etc. L&T is one among the first few organizations in India to voluntarily set targets aligned with the company’s 5-year Strategic Plan LAKSHYA 2021. LTTS lives and breathes engineering with 719 patents filed for 57 of the Global Top 100 ER&D spenders.

    As of 30th June ‘2021, the company has a total of 10.50 Crores shares outstanding. For the quarter ended 30th June ‘2021, the company has reported a Consolidated Total Revenue of INR 1562 Crores, up 5.90 % from last quarter’s Total Income of INR 1440 Crores. In addition, the company has reported net profit after tax of INR 217 Crores for the quarter ended 30th June ‘2021 from INR 195 Crores of last quarter, which shows an increment of 11.28%. L&T Technology Services Limited&#39;s stock closed at 3675.05 on 16th August ‘2021 (NSE) and has returned 131.86% (approx.) in the last 12 months.

Registered Address

L&T House N M Marg, Ballard Estate, Mumbai, Maharashtra, 400001

Tel : 91-22-67525656
Email : investor:ltts.com
Website : http://www.LTTS.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 540115
NSE Code : LTTS
Book Closure Date (Month) :
BSE Group : A
ISIN : INE010V01017

FAQ’s on L&T Technology Services Ltd Shares

You can buy L&T Technology Services Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy L&T Technology Services Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Mar 15, 2024 03:09 PM the closing price of L&T Technology Services Ltd was ₹ 5,419.60.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Mar 15, 2024 03:09 PM, the market cap of L&T Technology Services Ltd stood at ₹ 57,308.48.

The latest PE ratio of L&T Technology Services Ltd as of Mar 15, 2024 03:09 PM is 43.71

The latest PB ratio of L&T Technology Services Ltd as of Mar 15, 2024 03:09 PM is 0.08

The 52-week high of L&T Technology Services Ltd is ₹ 5,678.90 while the 52-week low is ₹ 3,297.05

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