Since October 2025, IT index has rallied 17 per cent, as compared to 6 per cent rise in the Nifty 50.
L&T is scaling up its utilities business by focusing on green hydrogen, large battery storage projects and a booming transmission and distribution segment in India and overseas
In the past one month, TCS, Infosys, Tech Mahindra, HCL Technologies, LTIMindtree, Persistent Systems and L&T Technology Services have rallied between 9 per cent and 15 per cent.
Valuations across the sector remain attractive, but Nomura stays selective. It has rolled forward its valuation framework to H1FY28 while maintaining target multiples.
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Analysts at Choice Institutional Equities have upgraded LTTS to 'Buy' from 'Add', while Centrum Institutional Research has maintained its 'Neutral' rating on the stock
Stocks to watch on October 20: Dixon Tech, PNB and IndusInd Bank are among tother top stocks to track today.
AI-driven automation is helping LTTS decouple revenue growth from workforce expansion, with productivity gains expected to reduce headcount in Q3
L&T Technology Services (LTTS) on Friday reported a 2.8 per cent increase in consolidated net profit to Rs 328.7 crore in the quarter ending September 2025. It had reported a profit (attributable to equity shareholders of the company) of Rs 319.6 crore in the year-ago period, according to regulatory filings. Revenue from operations for the quarter under review came in at Rs 2,979.5 crore, 15.8 per cent higher than Rs 2,573 crore registered in the second quarter of FY25. Sequentially, profit and revenue rose by 4.1 per cent and 3.9 per cent, respectively. "Our strong momentum of large deal wins continued as we touched a record high TCV of near-USD 300 mn in the quarter, which reflects the confidence our global clients have in our next-gen offerings. "With an increased order book and a sharp focus on resilient and profitable growth, we maintain our medium-term outlook of USD 2 bn revenue," said Amit Chadha, CEO & Managing Director, L&T Technology Services. At the end of ...
The Nifty IT Index has underperformed the broader markets in the last 3 months and 6 months, owing to macro uncertainties
L&T Technology Services (LTTS) has secured a $60 million multi-year agreement with a US-based telecommunications provider, marking its fourth $50 million-plus deal in the last year
IT company L&T Technology Services on Saturday said it has bagged a multi-year contract worth USD 60 million (about Rs 510 crore) from a prominent US-based wireless telecommunications services provider. Under the agreement, LTTS will deliver advanced network software development and application engineering solutions. "L&T Technology Services wins around USD 60 million software engineering engagement from US Tier-I Telecom Provider," LTTS said in a statement. LTTS will establish a delivery centre in the United States to further support and enhance project delivery. Under the terms of the agreement, LTTS will provide crucial engineering services, including research and development lab integration, new product development, and functionality testing for the customer's network software automation platforms.
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For the quarter under review (Q1FY26), LTTS reported a marginal 0.7 per cent sequential increase in net profit to ₹316.1 crore, compared to ₹311.1 crore in Q4FY25.
On a sequential basis, profit rose 1.5 per cent from ₹311.1 crore in the March 2025 quarter
The strategic partnership will drive development of safety-critical software and next-gen steering systems for global markets, strengthening India's role in mobility innovation