Introduction:
Leading IT services provider has secured a ₹462 crore transformational deal with a prominent European automotive OEM. The agreement focuses on developing next-generation software platforms and establishing a new development center in the mobility sector.
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Share price movement of L&T Technology Services:
On April 1, 2025, L&T Technology Services Ltd opened at ₹4,512.30, up 0.25% from its previous close of ₹4,500.90. The stock reached a high of ₹4,576.80 (1.68%) and a low of ₹4,478.20. By 10:55 AM, it traded at ₹4,536.30, a 0.79% increase, with a market cap of ₹48,030.21 crore.
LTTS Secures ₹462 Crore Mobility Deal:
L&T Technology Services (LTTS) has secured a ₹462 Crore transformational deal with a leading European automotive OEM. This deal strengthens LTTS’ position in the global automotive mobility sector, focusing on next-gen software platforms for vehicle models.
The agreement includes establishing a new development center, aligned with the client’s global right-shoring strategy. LTTS will utilize its expertise in Software Defined Vehicle (SDV) and Advanced Driver Assistance Systems (ADAS) to drive innovation in automotive technologies.
Recent news on L&T Technology Services:
As of January 15, 2025, L&T Technology Services (LTTS) reported a net profit of ₹322.4 crore for Q3FY25, down 4.1% YoY. Revenue grew 9.5% YoY, reaching ₹2,653 crore, with a 3% sequential increase.
Stock performance of L&T Technology Services for Period of 1 week, 6 months, and 1 year:
L&T Technology Services Ltd delivered a -2.67% return over the past week, declining by 11.7% in the past six months. The stock dropped 19.6% over the past year.
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Shareholding pattern of L&T Technology Services:
Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
Promoter | 73.70% | 73.70% | 73.70% |
FII | 4.20% | 4.40% | 4.50% |
DII | 14.30% | 14.00% | 13.30% |
Public | 7.90% | 8.00% | 8.50% |
About L&T Technology Services:
L&T Technology Services Ltd (NSE: LTTS), established in 2012, provides engineering, R&D, and digitalization solutions across industries like transportation, telecom, medical devices, and more, serving 69 Fortune 500 companies and 296 clients globally.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.