INSUBCONTINENT EXCLUSIVE:
MUMBAI: L-T Technology Services posted a net profit of Rs 204.1 crore for the quarter ended 31st December 2019, up 10% over the
corresponding quarter last year
consistent with our expectations
We had a strong performance in three segments - transportation, plant engineering, and medical devices that are each growing in excess of 20
said Keshab Panda, CEO - MD, LTTS.
The company said that it had won nine multi-million deals during the quarter, including two with a TCV of
opportunities as customers seek disruptive technologies like AI, sensor fusion and industrial robotics to strengthen their market
As part of our strategy to be the preferred ER-D partner to our customers, we continue to invest in building competencies and design centers
that will take us closer to the customer
Last quarter we opened our 9th design center outside of India - an Aerospace - Defense Engineering Design Center in Rockford, Illinois (USA)
the end of the third quarter, the patents portfolio of L-T Technology Services stood at 472, out of which 352 are co-authored with its
customers and the rest are filed by LTTS.
The total headcount at the end of the quarter was 16,787.