Company Profile

L&T TECHNOLOGY SERVICES LTD.

NSE : LTTSBSE : 540115ISIN CODE : INE010V01017Industry : EngineeringHouse : L&T
BSE1331.5054.1 (+4.24 % )
PREV CLOSE (Rs.) 1277.40
OPEN PRICE (Rs.) 1296.00
BID PRICE (QTY) 0.00 (0 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 7280
TODAY'S LOW / HIGH (Rs.)1289.55 1338.95
52 WK LOW / HIGH (Rs.)995 1792.7
NSE1331.35 52.25 (+4.08 % )
PREV CLOSE(Rs.) 1279.10
OPEN PRICE (Rs.) 1291.00
BID PRICE (QTY) 1331.35 (1919 )
OFFER PRICE (QTY) 0.00 (0 )
VOLUME 142174
TODAY'S LOW / HIGH(Rs.) 1286.30 1339.05
52 WK LOW / HIGH (Rs.)995 1794

Company News

Date Heading Details
02-Jun-2020 L&T Technology Services joins SRT Alliance <DIV align=justify>L&amp;T Technology Services (LTTS) has joined the SRT Alliance and has been recognized as an SRT Ready partner providing customers with cutting-edge cloud-based video transport technology.</DIV><DIV align=justify>&nbsp;</DIV><DIV align=justify></DIV><DIV align=justify>The company's in-house platforms such as its next-gen digital signage solution Flyboard, combined with its expertise in SRT and cloud transmission, open up a plethora of possibilities for the industry. Some of these include reducing transmission time by up to 75% in remote area defense communications, cloud-based production workflows to reduce transmission costs from the field to broadcaster studios, live coverage of far flung events without the need of satellite links, and enhanced viewing of sporting events through multiple angles for commentators and fans alike.</DIV><DIV align=justify>&nbsp;</DIV><DIV align=justify></DIV><DIV align=justify>L&amp;T Technology Services is a listed subsidiary of Larsen &amp; Toubro Limited focused on Engineering and R&amp;D (ER&amp;D) services.</DIV>
02-Jun-2020 L&T Technology Services moves up on joining SRT Alliance <DIV align=justify>L&amp;T Technology Services is currently trading at Rs. 1225.95, up by 38.75 points or 3.26% from its previous closing of Rs. 1187.20 on the BSE.<BR><BR></DIV><DIV align=justify>The scrip opened at Rs. 1184.00 and has touched a high and low of Rs. 1227.00 and Rs. 1178.65 respectively. So far 4451 shares were traded on the counter.<BR><BR></DIV><DIV align=justify>The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1792.70 on 28-Jun-2019 and a 52 week low of Rs. 995.00 on 23-Mar-2020.<BR><BR></DIV><DIV align=justify>Last one week high and low of the scrip stood at Rs. 1227.00 and Rs. 1116.50 respectively. The current market cap of the company is Rs. 12442.63 crore.<BR><BR></DIV><DIV align=justify>The promoters holding in the company stood at 74.62%, while Institutions and Non-Institutions held 13.25% and 12.13% respectively.<BR><BR></DIV><DIV align=justify>L&amp;T Technology Services (LTTS) has joined the SRT Alliance and has been recognized as an SRT Ready partner providing customers with cutting-edge cloud-based video transport technology.<BR><BR></DIV><DIV align=justify>The company's in-house platforms such as its next-gen digital signage solution Flyboard, combined with its expertise in SRT and cloud transmission, open up a plethora of possibilities for the industry. Some of these include reducing transmission time by up to 75% in remote area defense communications, cloud-based production workflows to reduce transmission costs from the field to broadcaster studios, live coverage of far flung events without the need of satellite links, and enhanced viewing of sporting events through multiple angles for commentators and fans alike.<BR><BR></DIV><DIV align=justify>L&amp;T Technology Services is a listed subsidiary of Larsen &amp; Toubro Limited focused on Engineering and R&amp;D (ER&amp;D) services<BR></DIV>
18-Mar-2020 LTTS, IIT-Kanpur sign MoU for research in cybersecurity programs <p align="justify">L&amp;T Technology Services (LTTS) has signed a multi-year Memorandum of Understanding (MoU) with the Indian Institute of Technology - Kanpur to collaborate on research in industrial and infrastructure cybersecurity.<br></p><p align="justify">According to the MoU, LTTS and IIT-Kanpur will together set-up a Center of Excellence (CoE) in the IIT-Kanpur campus and conduct research in the areas of Honeypot (network-attached system set up to entrap cyberattacks and study hacking attempts), intrusion detection systems, malware analysis, blockchain, vulnerability assessment and penetration testing and provide cybersecurity awareness and training programs. The MoU will also give LTTS access to IIT-Kanpur's cutting-edge testbed for critical infrastructure.<br></p><p align="justify">The CoE will be a part of IIT-Kanpur's C3i Center, a Government of India-funded one-of-a-kind cybersecurity research center, which was developed to work on solutions and technologies to protect India's Strategic and Critical Utility Infrastructure.<br></p><p align="justify">LTTS is a listed subsidiary of Larsen &amp; Toubro focused on Engineering and R&amp;D (ER&amp;D) services.<br></p>
18-Mar-2020 Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that as part of the Company's succession planning and based on the recommendation of Nomination & Remuneration Committee, the Board of Directors through circular resolution dated March 17,2020 have appointed Mr. Amit Chadha (DIN: 07076149), currently President Sales & Business Development and Whole-Time Director of the Company, as the Deputy Chief Executive Officer & Whole-Time Director of the Company with effect from April 1, 2020. The brief Profile of Mr. Amit Chadha is enclosed herewith as Annexure A.
24-Feb-2020 LTTS wins global services deal from Sweden's Dometic Group <p align="justify">L&amp;T Technology Services (LTTS) has been awarded a multi-year engineering services engagement from Dometic, a global leader in branded solutions in the mobile living space. As part of the engagement, the company has opened a dedicated Global Engineering Center (GEC) in Chennai, to complement Dometic's product engineering roadmap. The GEC will bring in capabilities to design and develop best in class products for Dometic's global clientele. The center will support mechanical, embedded and connectivity areas across product lines, technologies and regions.</p><p align="justify">Dometic has also partnered with the company for transformation of their Product Lifecycle and to set up a Center of Excellence for testing &amp; validation of products. The core objective of LTTS' engineering services proposition is to accelerate Dometic's time to market and support its exciting product roadmap.&nbsp; </p><p align="justify">LTTS is a listed subsidiary of Larsen &amp; Toubro focused on Engineering and R&amp;D (ER&amp;D) services.<br></p>
29-Jan-2020 L&T Technology Services submits transcripts of earning conference call <p align="justify">L&amp;T Technology Services has informed about submission of the transcripts of Earning Conference Call organized by the Company on January 17, 2020 for the quarter ended December 31, 2019.<p align="justify">The above information is a part of company's filings submitted to BSE.</p>
23-Jan-2020 LTTS joins Qualcomm Smart Cities Accelerator Program <p align="justify">L&amp;T Technology Services (LTTS) has joined the Qualcomm Smart Cities Accelerator Program from Qualcomm Technologies, Inc. to collaborate on providing smart ecosystem solutions and services to help global enterprises accelerate the digital transformation to smart urban infrastructure.<br></p><p align="justify">LTTS has strong expertise in Smart Ecosystems - smart cities, smart warehousing and smart manufacturing solutions. Together with Qualcomm Technologies' global technology leadership in edge compute capability, cutting-edge processors and wide-area and local-area communications technologies, LTTS can offer a portfolio of digital offerings to address energy conservation, operational efficiency and digital transformation to cities, making them smarter and more sustainable.<br></p><p align="justify">LTTS is a listed subsidiary of Larsen &amp; Toubro focused on Engineering and R&amp;D (ER&amp;D) services.<br></p>
23-Jan-2020 L&T Technology Services informs about press release <p align="justify">L&amp;T Technology Services has informed about Press Release titled ‘L&amp;T Technology Services joins Qualcomm Smart Cities Accelerator Program to provide Smart City solutions to OEMs and System Integrators' which will be disseminated shortly.<p align="justify">The above information is a part of company's filings submitted to BSE</p>
23-Jan-2020 LTTS surges on joining Qualcomm Smart Cities Accelerator Program <p align="justify">L&amp;T Technology Services (LTTS) is currently trading at Rs. 1660.90, up by 30.65 points or 1.88% from its previous closing of Rs. 1630.25 on the BSE.<br></p><p align="justify">The scrip opened at Rs. 1640.00 and has touched a high and low of Rs. 1679.85 and Rs. 1640.00 respectively. So far 706 shares were traded on the counter.<br></p><p align="justify">The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1817.75 on 20-May-2019 and a 52 week low of Rs. 1395.60 on 14-Nov-2019.<br></p><p align="justify">Last one week high and low of the scrip stood at Rs. 1679.85 and Rs. 1605.65 respectively. The current market cap of the company is Rs. 17034.73 crore.<br></p><p align="justify">The promoters holding in the company stood at 74.74%, while Institutions and Non-Institutions held 12.78% and 12.48% respectively.<br></p><p align="justify">LTTS has joined the Qualcomm Smart Cities Accelerator Program from Qualcomm Technologies, Inc. to collaborate on providing smart ecosystem solutions and services to help global enterprises accelerate the digital transformation to smart urban infrastructure.</p><p align="justify">LTTS has strong expertise in Smart Ecosystems - smart cities, smart warehousing and smart manufacturing solutions. Together with Qualcomm Technologies' global technology leadership in edge compute capability, cutting-edge processors and wide-area and local-area communications technologies, LTTS can offer a portfolio of digital offerings to address energy conservation, operational efficiency and digital transformation to cities, making them smarter and more sustainable.</p><p align="justify">LTTS is a listed subsidiary of Larsen &amp; Toubro focused on Engineering and R&amp;D (ER&amp;D) services.<br></p>
18-Jan-2020 L&T Technology Services reports 11% rise in Q3 consolidated net profit <p align="justify">L&amp;T Technology Services has reported results for third quarter ended December 31, 2019.<br></p><p align="justify">The company has reported 9.74% rise in its net profit at Rs 198.30 crore for the quarter under review as compared to Rs 180.70 crore for the same quarter in the previous year. Total income of the company increased by 8.91% at Rs 1362.70 crore for Q3FY20 as compared Rs 1251.20 crore for the corresponding quarter previous year.<br></p><p align="justify">On the consolidated basis, the company has reported a rise of 10.59% in its net profit at Rs 205.80 crore for the quarter under review as compared to Rs 186.10 crore for the same quarter in the previous year. Total income of the company increased by 8.46% at Rs 1467.20 crore for Q3FY20 as compared Rs 1352.80 crore for the corresponding quarter previous year.<br></p>