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L&T Technology Services Ltd share Price Today

Company details

4,887.05
4,956.15
3,821.70
5,873.35
6M Return -5.71%
1Y Return 27.61%
Mkt Cap.(Cr) 51,915.17
Volume 106,907
Div Yield 1.02%
OI
-
OI Chg %
-
Volume 106,907

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IT Consulting & Software company L&T Technology Services announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue reached Rs 25,375 million, marking a growth of 7% YoY and 5% QoQ.
  • USD Revenue stood at USD 305.1 million, witnessing a growth of 6.3% YoY and 5.1% QoQ in constant currency.
  • EBIT margin was at 16.9%.
  • Net profit amounted to Rs 3,409 million.
  • LTTS signed significant deals during the quarter, including one worth USD 100 million, one worth USD 30 million, and two each of USD 20 million and USD 10 million. Additionally, a significant empanelment agreement was signed.

FY24 Financial Highlights:

  • Revenue amounted to Rs 96,473 million, experiencing a growth of 9%.
  • USD Revenue stood at USD 1,164 million, showing a growth of 7% in constant currency.
  • EBIT margin was at 17.1%.
  • Net profit reached Rs 13,037 million, marking a growth of 8%.
  • The Board recommended a final dividend of Rs 33 per share.

“With a strong 5.1% sequential growth in Q4, our revenue run-rate has now crossed the USD 1.2 billion run-rate, a year after we moved past the USD 1 billion mark. We won a landmark USD 100 million deal in cybersecurity where we will architect and operate a sophisticated cyber intelligence centre by leveraging AI and Digital Forensic solutions. Our disciplined investments into new technology areas have enabled us to win larger engagements and drive a 16% CAGR in dollar revenue and 25% CAGR in profits, over the past 3 years.

We are proud of the milestones achieved in FY24 which include the successful integration of SWC into LTTS, securing several significant wins in cybersecurity and next-generation communications supported by a comprehensive portfolio, filing 54 patents in AI along with a total of 1,296 patents to date, and developing a robust pipeline of opportunities in the Software-Defined Vehicle (SDV) domain.

We are now embarking on the next stage of growth with a ‘Go Deeper to Scale’ strategy under which we will streamline our organization into 3 segments – Mobility, Sustainability and HiTech. This cohesive structure will enhance our agility and domain specialization to unlock higher value for customers and employees.” 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 (11)

  • Companies where substantial shares pledged by insiders invoked by lenders
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Company with No Debt

Weakness (0)

Data not found

Opportunity (1)

  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • Companies with growing costs YoY for long term projects

Resistance and support

R1 4,947.8
R2 4,986.5
R3 5,016.9
Pivot

4,917.42

S1 4,878.7
S2 4,848.3
S3 4,809.6
EMA SMA
4,806.4
4,833.2
4,914.6
4,826.9
4,780.4
4,721.2
5,081.9
4,946.0
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 73.74%

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 4,909.05 3,904.15 1,566.75 1,459.60 514.85
% Change 0.30 -0.76 -0.42 0.32 0.79
Mcap Cr 51,915.17 1,412,555.83 650,337.09 396,086.54 269,016.23
Revenue TTM Cr 9,647.30 240,893.00 153,670.00 101,456.00 89,760.30
Net Profit TTM Cr 1,306.30 46,099.00 26,248.00 14,845.00 11,112.10
PE TTM 40.29 30.32 25.00 25.23 24.73
1 Year Return 27.61 21.42 21.14 24.73 34.88
ROCE 34.01 62.85 44.74 27.62 16.38
ROE 26.76 51.04 37.12 23.32 14.60
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 5,327.10 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 29,542.69 26,564.54
LAST 3M 107,300.08 -872.81
LAST 6M 187,950.75 839.71
LAST 12M 304,454.24 86,051.23
L&T Technology Services Limited - Shareholders meeting

Jun 28, 2024 l NSE Announcement

L&T Technology Services Limited - Shareholders meeting

Jun 27, 2024 l NSE Announcement

S. N. Subrahmanyan takes charge as Chairman of LTTS

Jun 26, 2024 l BSE Announcement

Date Action Type Ratio
Jun 14, 2024 Dividend 1650
Oct 27, 2023 Dividend 850
Jul 07, 2023 Dividend 1500

L&T Technology Services Ltd Information

Stock PE (TTM)
40.29
Promoter Holding
73.74%
Book Value
503.364
ROCE
34.01%
ROE
26.76%
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'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 Jun 28, 2024 03:58 PM the closing price of L&T Technology Services Ltd was Rs.4,909.05.

The latest PE ratio of L&T Technology Services Ltd as of Jun 28, 2024 03:58 PM is 40.29

The latest PB ratio of L&T Technology Services Ltd as of Jun 28, 2024 03:58 PM is 0.10

The 52-week high of L&T Technology Services Ltd share price is Rs. 5,873.35 while the 52-week low is Rs. 3,821.70

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 Jun 28, 2024 03:58 PM, the market cap of L&T Technology Services Ltd stood at Rs. 51,915.17 Cr.

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