LTTS

Engineering services company L&T Technology Services (LTTS) announced on Monday the opening of its new campus in Mysuru to cater to the design and development of embedded solutions, digital products and software engineering. The new 'Module X' campus houses eight floors with engineers in this centre working on a wide spectrum of services covering multiple industries, the company said in a statement. The campus has a capacity to seat over 1,300 engineers who will be working on high-end projects for LTTS' global clientele, it said. LTTS said it has laid out plans to hire over 1,000 engineers in Mysuru over the next two years as it rapidly expands its delivery and design centre in the city to cater to burgeoning demand for engineering services.

Margins were better managed despite a higher attrition of 23.2% in Q1, up from 20.4% in Q4FY22

According to the technical analyst from Anand Rathi, Bajaj Finserve should be bought on rise above Rs 12,000, while one should consider buying LTTS on dips near Rs 3,000-mark.

Amit Chadha, who completes a year at the helm of the company, last year had called out six big bets and changed the narrative of the company's focus

The stock of the internet software and services company surpassed its previous high of Rs 3,062.45 hit on April 9, 2021

Larsen & Toubro Technology Services (LTTS) posted a 5 per cent decline in consolidated net profit at Rs 194.5 crore in the March 2021 quarter

L&T Technology Services on Thursday said Amit Chadha has taken charge as the company's CEO and managing director. Amit Chadha has taken over as CEO and MD of LTTS, effective April 1, in line with previous disclosures made to stock exchanges dated October 19, 2020, according to a statement. Prior to his elevation, Chadha was serving as the deputy CEO and whole-time board member, it added. Chadha joined LTTS in 2009 and has been a core member of LTTS' executive management team, closely involved in the company's listing on stock exchanges in 2016. Subsequently, he progressed to assume charge as president (sales and business development) where he was responsible for helping global R&D customers and Fortune 500 companies leverage LTTS' digital engineering offerings for their strategic differentiation and product development. The ER&D services sector is poised to play a critical role over the next decade as the confluence of engineering and technology reshapes the products and ..

EBITDA for the quarter was at Rs 1,961 million while EBITDA margin at 17% up 16% sequentially and 56 per cent over the year