L&T Technology Services Ltd News Today

The company’s revenue for the quarter registered a growth of 12.40% on a sequential basis to ₹2,982.40 Crore as compared to ₹2,653 Crore.

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L&T Technology Services' September quarter net profit increased by 1.3% to ₹319.6 Crore, despite narrowing profit margins.

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This collaboration will use Thales' software monetisation platform, Thales Sentinel, to provide innovative revenue models to LTTS customers.

Revenue from operations for the reported quarter stood at ₹2,461.9 Crore, reflecting a seven %increase from ₹2,301.4 Crore in the corresponding period last year.

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The acquisition cost includes an upfront payment of ₹133 Crore at closing, subject to adjustments, and a deferred payment of ₹50 Crore over four years, contingent on achieving certain targets and conditions.