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LT Technology Services BSE 540115 NSE LTTS a leading global digital engineering and RD services provider today announced that it will be streamlining and simplifying its organizational structure into 3 main segments to drive future growth scalability and technology innovation.
The muted growth in profit comes on the back of the company seeing a marginal decline in its operating margin which fell from 17.2% in Q3 to 16.9% in Q4, a fall of 30 basis points (1.7%). A year ago, the companys operating margin was at 17.9%.
L&T Technology Services (LTTS) on Thursday reported a marginal 0.2 per cent growth in net profit for the March quarter at Rs 340 crore on slower revenue growth and narrowing of margins. The company said it is planning to add 500 employees during the April-June period.
Based on the OI percentage, 132 stocks were on the short-covering list that included Hindustan Copper, Voltas, Bharti Airtel, Muthoot Finance, and Eicher Motors.
L&T has embraced artificial intelligence and other emerging technologies in its digital journey that broadly revolves around materials, machines, and people