Company Profile

L&T Technology Services (LTTS) has been selected by Airbus to provide technology and digital engineering solutions for Airbus’ Skywise platform as part of the ‘Skywise Partner Programme’.

With more than 130 airlines around the world already connected to Skywise, the platform is playing a very important part in enabling and accelerating digital transformation of the aviation sector as a whole. LTTS will support the airlines in the development of complex workflows, creation of new interfaces between their existing information systems and Skywise and also provide assistance in their digital transformation with Skywise.

LTTS has a set of highly experienced engineers and data scientists who will work exclusively on the Skywise platform and build solutions to address the digital transformation needs of airlines and the fast-expanding Skywise ecosystem. LTTS’ demonstrated experience in building digital engineering platforms based on strong domain knowledge help strengthen the interdependencies these digital technologies are enabling.

L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.

L&T Technology Services (LTTS) has been recognized as ‘Leader’ for Development and Verification & Validation services in Industry 4.0 by the consulting and research firm, Everest Group. In its report, ‘PEAK Matrix for Industry 4.0 Service Provider 2020,’ Everest Group has identified LTTS among the six leading companies in the market based on various parameters such as market adoption, portfolio mix, value delivered, innovation & investments, delivery footprint, and vision and strategy.

According to Everest Group, LTTS has a strong ability to drive a high level of innovation around Industry 4.0 that customers recognize, buoyed by robust investments in establishing dedicated infrastructure, developing a strong partner ecosystem and enhancing IP assets for Industry 4.0 services.

L&T Technology Services is a listed subsidiary of Larsen & Toubro focused on Engineering and R&D (ER&D) services.

L&T Technology Services has sended a copy of the Press Release on 03 February 2021 titled ‘Everest Group recognizes L&T Technology Services as ‘Leader’ for its Industry 4.0 offerings’ which will be disseminated shortly.

The above information is a part of company’s filings submitted to BSE.

L&T Technology Services has reported results for third quarter ended December 31, 2020.

The company has reported a fall of 4.29% in its net profit at Rs 189.80 crore for the quarter under review as compared to Rs 198.30 crore for the same quarter in the previous year. Total income of the company decreased by 3.43% at Rs 1,316 crore for Q3FY21 as compared Rs 1362.70 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 8.82% in its net profit attributed to owners at Rs 186.10 crore for the quarter under review as compared to Rs 204.10 crore for the same quarter in the previous year. Total income of the company decreased by 1.21% at Rs 1,449.50 crore for Q3FY21 as compared Rs 1467.20 crore for the corresponding quarter previous year.

L&T Technology Services has sended a copy of the Press Release on 18th January 2021, titled ‘L&T Technology Services rated as Global pure-play ER&D Services Leader by Zinnov’ which will be disseminated shortly. The Press release is self-explanatory. Take the above intimation on records and acknowledge the receipt of the same.

The above information is a part of company’s filings submitted to BSE.