L&T Technology Services expands collaboration with Thales to help customers monetise their software, stock up 1%

Shares of LTTS were trading over 1% higher on Thursday morning following the announcement.

With the Thales Sentinel software licensing and entitlement platform, LTTS can enable its customers to monetise its software solutions by harnessing recurring revenue business models including agile subscriptions and flexible usage-based pricing models. LTTS said it will resell the Thales Sentinel platform to its customer base and group affiliates globally across diverse sectors, including transportation, medical, high-tech, telecom, and financial services.

Alind Saxena, Executive Director & President, Mobility & Tech at LTTS said the firm anticipates contributing to a cohesive digital thread throughout the value chain, accelerating market entry, reducing cycle time along with product development costs, and aiding its customers in their journey towards sustainability through improved software monetisation potential.

Recently, the company also signed a long term framework agreement with Shell under which LTTS will provide integrated engineering and procurement services along with digital engineering services, data governance for capital projects and digital project management consultancy for Shell’s global assets.

During the first quarter of fiscal year 2025, LTTS reported a 7% YoY growth in ₹2,461.90 crore. Earnings before interest, tax, depreciation, and amortisation (EBITDA) rose 0.7% YoY to ₹456.20 crore while EBITDA margin declined to 18.5% during the quarter from 19.7% in the same quarter a year ago.

Net profit rose 0.8% to ₹313.60 crore while profit margin declined to 12.7% from 13.5%.

During the quarter, LTTS won two $30 million deals, two $15 million deals and three deals with total contract value (TCV) of $10 million.

Shares of the company gained over 5% since the beginning of the year. The stock has risen over 26% in the last one year.