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Q2FY24 Quarterly Result Announced for L&T Technology Services Ltd.

 IT Consulting & Software company L&T; Technology Services announced Q2FY24 results: 1. Financial Performance: - Revenue of Rs 2,387 crore, up 5% YoY and 4% QOQ - Net profit of Rs 315 crore, up 5% YoY - EBIT margin at 17.1% 2. Deal Wins: - Won a total of seven USD 10 million plus TCV deals across all industry segments, including six deals of USD 15 million each - Highlighted a USD 10 million plus deal win leveraging SWC capabilities in North America 3. Business Highlights: - Strong revenue growth of 3.2% sequentially in constant currency - Operating margin sustained at 17% plus levels - Investing in software-defined vehicles, AI, and cybersecurity - Collaboration with hyperscalers and chip companies to develop AI solutions and services - Focus on becoming the engineering partner of choice for global ER&D; companies 4. Recognitions and Awards: - Rated as leaders in Manufacturing Industry Services and Solutions 2023 by ISG - Positioned as leaders in ACES Automotive Engineering Services PEAK Matrix® Assessment 2023 by Everest Group - Received prestigious ROSPA Gold Health & Safety Awards for smart city projects - Winner of the Golden Peacock Award for ESG - HR Innovation Award by FICCI - CEO and MD, Amit Chadha, awarded Corporate Leader of the Year by Indo American Chamber of Commerce 5. Patents and Intellectual Property: - Patents portfolio stands at 1,198, with 785 co-authored with customers and others filed by LTTS 6. Employee Statistics: - Total employee strength at 23,880 - Billable employees at 22,366 - Sales and support employees at 1,514 - Voluntary attrition rate of 16.7% "We had a strong performance with revenue growing by 3.2% sequentially in constant currency and operating margin sustaining at 17% plus levels even as we absorbed wage hikes for our employees. Deal momentum was strong with the highlight being a USD 10 million plus deal win leveraging SWC capabilities in North America. This win has been the result of having a superior end-to-end technology stack for wireless and 5G communications which is becoming a key differentiator for us. We are investing in software-defined vehicles, AI, and cybersecurity and will have close to 2,000 employees trained over the next few quarters. Our collaboration with hyperscalers and chip companies is helping us develop AI solutions and services that address the needs of industries like Auto, Manufacturing, and Medical. We are optimistic that such investments will strengthen our position as the engineering partner of choice for global ER&D; companies." - Amit Chadha, CEO & Managing Director, L&T; Technology Services. Result PDF
17-10-2023
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L&T Technology Services Ltd - 540115 - Corporate Action-Board approves Dividend

 The Board of Directors have declared an Interim Dividend of Rs. 17/- per equity share.
17-10-2023
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L&T Technology Services Ltd - 540115 - Announcement under Regulation 30 (LODR)-Investor Presentation

 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are sending herewith copy of the Press Release and Investor Release w.r.t. Financial Results for the quarter ended September 30, 2023.
17-10-2023
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L&T Technology Services Ltd - 540115 - Announcement under Regulation 30 (LODR)-Press Release / Media Release

 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are sending herewith copy of the Press Release and Investor Release w.r.t. Financial Results for the quarter ended September 30, 2023.
17-10-2023
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L&T Technology Services Ltd - 540115 - Board Meeting Outcome for Outcome Of Board Meeting As Per Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

 Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015, we hereby submit the Unaudited Consolidated and Standalone Financial Results of the Company along with the Statement of Assets and Liabilities and Limited Review Reports thereon, which have been approved and taken on record by Board of Directors of the Company at its Meeting held today i.e., October 17, 2023. The Board of Directors have also declared an Interim Dividend of Rs. 17/- per equity share. The Interim Dividend shall be paid to equity shareholders of the Company whose names will appear in the Register of Members or in the records of the Depositories as Beneficial Owners of Equity shares as on Friday, October 27, 2023, which is the Record Date fixed for the aforesaid purpose. The Interim Dividend will be paid/dispatched within 30 days. The Board Meeting commenced at 1.30 p.m. and concluded at 3.45 p.m.
17-10-2023
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L&T Technology Services Ltd - 540115 - Outcome Of Board Meeting As Per Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015

 Pursuant to Regulation 33 of SEBI LODR Regulations, 2015, we hereby submit the following results. These results have been approved and taken on record by Board of Directors of the Company at its Meeting held today i.e., October 17, 2023. 1. Unaudited Consolidated Financial Results of the Company and its subsidiaries, for the quarter and half year ended September 30, 2023, along with the Statement of Assets and Liabilities and the Limited Review Report thereon. 2. Unaudited Standalone Financial Results of the Company for the quarter and half year ended September 30, 2023, along with the Statement of Assets and Liabilities and the Limited Review Report thereon.
17-10-2023
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L&T Technology Services Ltd - 540115 - Intimation Of Record Date

 Further to our letter dated September 29, 2023 and in terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that Friday, October 27, 2023 is fixed as the Record Date for the purpose of determining the members eligible to receive the interim dividend, if declared by the Board of Directors of the Company at the meeting scheduled to be held on October 17, 2023
13-10-2023
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L&T Technology Services Ltd - 540115 - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

 Certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018
10-10-2023
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L&T Technology Services Ltd - 540115 - Closure of Trading Window

 As per the SEBI (PIT) Regulations, 2015, and Company''s Internal Code on Prohibition of Insider Trading (''Code''), the trading window for dealing in LTTS Securities has been closed for the Directors/Officers and KMP''s and Designated Persons of the Company as defined under the Code from Sunday, October 1, 2023, till 48 hours after the declaration of financial results i.e., up to Thursday, October 19, 2023 (both days inclusive).
29-09-2023
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L&T Technology Services Ltd - 540115 - Board Meeting Intimation for Board Meeting Intimation For Financial Results And Interim Dividend

 L&T Technology Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/10/2023 ,inter alia, to consider and approve the Unaudited Standalone and Consolidated Financial Statements for the quarter and half year ended September 30, 2023, along with the Limited Review Reports thereon and to declare Interim Dividend, if any. As per the SEBI (PIT) Reg, 2015 and Company's Internal Code on PIT ('Code'), the trading window for dealing in LTTS securities has been closed for the Directors/Officers & KMP and Designated Persons of the Company as defined under the Code from Sunday, October 1, 2023, till 48 hours after the declaration of financial results i.e. up to Thursday, October 19, 2023 (both days inclusive). Further, pursuant to Reg on 30 of SEBI Listing Regulations, we wish to inform you that the Company will hold an Earnings Conference Call on October 17, 2023, for investors/analysts. The details of the Earnings Conference Call are enclosed herewith. Also, pursuant to Reg 46 (2) of Listing Regulations, the above intimation would be made available on the website of the Company at http://www.ltts.com/
29-09-2023
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