L&T Technology Services Ltd (LTTS)

L&T Technology Services Signs Strategic Partnership for Clean Mobility; Buy Recommendation from CapitalVia - 09 May, 2024

L&T Technology Services has signed a five-year strategic partnership with Forvia to develop internal combustion engine-related engineering activities. Additionally, CapitalVia Global Research recommends buying the stock above 5000 with a target of 6200 and stop loss of 4450.

L&T Technology Services Forecasts 8-10% Organic Revenue Growth for FY25 - 07 May, 2024

L&T Technology Services reported a 17.9% rise in revenues on constant currency terms and forecasts an organic revenue growth of 8-10% for FY25, aiming to achieve $1.5 billion revenue run rate. The company plans to add 500 people in Q1FY25 and has announced restructuring to gain market share.

L&T Technology Services Bags 45 Million Euro Contract from Forvia - 03 May, 2024

L&T Technology Services has secured a five-year partnership with automotive supplier firm Forvia worth 45 million euros. The deal will see around 300 engineers transferred to LTTS and deliver engineering services for Forvia.

LTTS Secures Partnership Deal with Forvia for Clean Mobility Engineering - 02 May, 2024

L&T Technology Services has signed a five-year, €45 million partnership deal with French auto giant Forvia to deliver engineering services in the clean mobility space. Around 300 engineers from Forvia's German and Indian facilities have been transferred to LTTS as part of this agreement.

Analysts Cut Target Price for L&T Technology Services Ltd - 28 Apr, 2024

Following the company's recent earnings report, analysts have reduced their target price for L&T Technology Services by 6.7% to ₹4,593 due to a weaker earnings outlook and underperformance compared to the industry. The downgraded revenue estimates suggest potential business headwinds ahead.

L&T Technology Services Announces Q4 and FY2024 Results - 27 Apr, 2024

L&T Technology Services announces Q4 and FY2024 results with revenue growth of 7.04% and 23% respectively. The company's EPS for Q4 is ₹32.16, while the EPS for FY2024 is ₹123. However, the company's shares are down 8.7% from a week ago.

L&T Technology Services Stock Drops After Weak Guidance - 26 Apr, 2024

L&T Technology Services Ltd's Q4 FY24 earnings report showed modest growth in net profit and revenue, but the company's FY25 guidance of a 100 basis point decline in EBIT margin led to a 9.5% drop in stock price. Most brokerages remain cautious on the stock due to the weak guidance.

L&T Technology Services Reports Q4 Results and Announces Organizational Restructuring - 25 Apr, 2024

L&T Technology Services reported a Q4 net profit of Rs 341 crore and announced an organizational restructuring to streamline its structure into three main segments. The company also forecasted revenue growth between 8%-10% for the fiscal year ending March 2025.

L&T Technology Services Q4 Results Expected to Show Sequential Growth - 24 Apr, 2024

L&T Technology Services is expected to report a 4.9% increase in revenue in constant currency terms and a 5.3% increase in dollar terms for the quarter ended March 2024, with EBIT predicted to come in at Rs 445 crore. The company's margins are also set to improve by 0.3%, while profit on a consolidated basis is forecast to grow by 6.5%. L&T Technology Services is likely to give growth guidance of 15% for FY25.

Insiders Invest ₹4.1b in L&T Technology Services - 13 Apr, 2024

L&T Technology Services has shown impressive EPS growth of 23% compound over the past three years, with revenue growing by 14% to ₹87b. Insiders have invested ₹4.1b in the company, which should help drive long-term value in the business.