L&T Technology Services has allotted 4,500 equity shares under ESOS on 15 January 2025. Powered by Capital Market - Live News

Net profit of L&T Technology Services declined 4.10% to Rs 322.40 crore in the quarter ended December 2024 as against Rs 336.20 crore during the previous quarter ended December 2023. Sales rose 9.55% to Rs 2653.00 crore in the quarter ended December 2024 as against Rs 2421.80 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales2653.002421.80 10 OPM %18.6520.14 - PBDT512.70537.00 -5 PBT439.90465.50 -5 NP322.40336.20 -4 Powered by Capital Market - Live News

L&T Technology Services will hold a meeting of the Board of Directors of the Company on 15 January 2025.Powered by Capital Market - Live News

L&T Technology Services has announced an expansion of its collaboration with Siemens Digital Industries Software (DISW), a global leader in software for collaboration and digital transformation. Building on ten years of successful collaboration, LTTS and Siemens are poised to enhance their Centre of Excellence (CoE) charter which will see the incubation of new cutting-edge technologies, benefitting sectors like automotive, aerospace, electronics, energy, healthcare and industrial machinery. Marking ten years of engineering excellence in sustainability and digital transformation, the expanded partnership will accelerate time-to-market and improve product quality for clients. By leveraging Siemens` digital technology platforms, LTTS will drive innovation through the creation of integrated digital twins for products, plants, and performance, helping clients enhance outcomes in both product and process quality.With Siemens-certified engineers possessing deep industry expertise, LTTS provides comprehensive solutions across the Siemens software portfolio. Services include design with CAD (NX), simulation via Simcenter� software (1D, FEA, CFD & Design Exploration), product lifecycle management through Siemens` Teamcenter� software for product lifecycle management (PLM), and digital twin development leveraging Tecnomatix� software. Additionally, real-time production efficiency is achieved through Siemens` Opcenter MES and Insights Hub IoT platforms. Customers further benefit from Teamcenter Quality Center, built on the robust Plan-Do-Check-Act framework. Using the Siemens low-code platform, Mendix, LTTS also creates innovative engineering and manufacturing applications, ensuring clients remain competitive and future-ready. A major feature of the expanded alliance is the establishment of a Digital Manufacturing Academy, aimed at training engineers in Siemens` core technologies. This academy, operated in collaboration with the LTTS Global Engineering Academy (GEA) and leading universities, is designed to strengthen project execution and delivery capabilities. Over 500 additional professionals will be trained on Siemens technologies, reinforcing LTTS` commitment to equipping its workforce with advanced skills required for the future of digital transformation.To further enrich collaboration, LTTS and Siemens will organize Client Workshops to ideate, showcase innovations, and demonstrate the tangible benefits of digital transformation to their customers. These �Techday� sessions will serve as platforms for knowledge sharing and closer engagement with clients.Powered by Capital Market - Live News

L&T Technology Services has allotted 31,700 equity shares under ESOP on 15 December 2024. Powered by Capital Market - Live News