L&T Technologies bags over $50 million agreement with global energy major; shares rise

As part of the deal, LTTS will serve as an enterprise rata and digital services provider across the client's international affiliates, according to a company statement.

The deal has been finalised as a long-term framework agreement, with LTTS assuming greater responsibility in delivering high-performance, reliable, and quality-driven digital services.

"By combining our proven track record in plant engineering with state-of-the-art new-age technologies, we will support the client in their digital transformation while enhancing overall operational excellence. Together, we are building a resilient, technology-driven roadmap for the energy industry," LTTS MD and CEO Amit Chadha said.

Following the development, shares of LTTS surged over 1.4% to an intraday high of ₹4,392.70 apiece. Last seen, the stock was trading at ₹4,375.10 per share on the National Stock Exchange, rising 1.01%.

LTTS, a subsidiary of Larsen & Toubro, offers design, development, testing, and sustenance services across products and processes.

L&T Technology Services had posted a 9% fall in its net profit to ₹311 crore for the January-March quarter of the financial year 2024-25 (Q4 FY25) as against the ₹341 crore posted in the same period last year.

Sequentially, the net profit had slipped 3.5% from ₹322.4 crore in Q3 FY25.

During the quarter, its revenue from operations had jumped 17.5% year-on-year (YoY) to ₹2,982.4 crore. On a quarter-on-quarter (QoQ) basis, revenue increased by 12.4% as compared to ₹2,653 crore in the December quarter.

The company’s USD revenue grew 13.1% YoY to $345.1 million during the quarter, while the EBITDA margin increased to 19.8%. Meanwhile, the operating margin for Q4 FY25 was at 13.2%, down from 15.9% in Q3 FY25.

For the full financial year ended March 31, 2025, the company posted a revenue of ₹10,670.1 crore, up 10.6% YoY, while the net profit was at ₹1,266.7 crore. Moreover, the company’s revenue in constant currency terms jumped 8.9% to $1.26 billion.