• Latest
  • Trending
LTTS recognized as leader in connected product engineering services by Everest Group

LTTS sees margin improving in H2 despite wage hike from November

3 November 2024
Why business users are choosing Python over Excel

Why business users are choosing Python over Excel

30 July 2025
Apple to open US Manufacturing Academy in Detroit on August 19 | Company News

Apple to open US Manufacturing Academy in Detroit on August 19 | Company News

30 July 2025
Palo Alto Networks in talks to acquire CyberArk for over $20 billion

Palo Alto Networks in talks to acquire CyberArk for over $20 billion

30 July 2025
Top 10 U.S. stocks with highest share borrowing as of July 25, 2025 | S&P Global data

Top 10 U.S. stocks with highest share borrowing as of July 25, 2025 | S&P Global data

30 July 2025
Why learn Flask? Exploring the benefits of Python’s micro-framework

Why learn Flask? Exploring the benefits of Python’s micro-framework

29 July 2025
Major job cuts loom for IT workforce amid company restructuring

Major job cuts loom for IT workforce amid company restructuring

29 July 2025
Happiest Minds Q1 FY26: 17.5% YoY growth, strong double-digit momentum

Happiest Minds Q1 FY26: 17.5% YoY growth, strong double-digit momentum

29 July 2025
Why can’t we get insurance coverage for layoffs?

Why can’t we get insurance coverage for layoffs?

29 July 2025
Data Story: LME Aluminium price remains stable despite tariff concerns

Data Story: Aluminium price touches 4-month high at LME on Chinese demand prospects

28 July 2025
Top 10 Python skills every developer should learn

Top 10 Python skills every developer should learn

28 July 2025
TCS to let go of 2 percent of global employees

TCS to let go of 2 percent of global employees

28 July 2025
Avolon orders 90 Airbus aircraft to meet soaring global aviation demand

Avolon orders 90 Airbus aircraft to meet soaring global aviation demand

28 July 2025
Wednesday, July 30, 2025
  • Login
Data Biz Times
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
  • Data Story
  • Artificial Intelligence
  • Media Release
  • Technology
  • Business
  • Contact Us
No Result
View All Result
Data Biz Times
No Result
View All Result

LTTS sees margin improving in H2 despite wage hike from November

in Blog
Reading Time: 2 mins read
0
LTTS recognized as leader in connected product engineering services by Everest Group

Debasis Mohapatra

Bengaluru, 3 November 2024

RelatedPosts

Why business users are choosing Python over Excel

Why learn Flask? Exploring the benefits of Python’s micro-framework

Why can’t we get insurance coverage for layoffs?

Engineering services firm, L&T Technology Services (LTTS) expects its operating margin to be better in the second half of the current financial year as compared to the first half.

For the quarter ended September, the company reported an EBIT margin of 15.1%, which was a tad lower than the previous quarter.

According to the L&T Group company, increased investments in the first half led to marginal dip in the operating margin during H1.

“We have prioritized investments in H1 FY25 to accelerate growth, build leadership and technology solutions ahead of the curve. We expect this will lead to a step up in revenue growth and better quality of revenues, providing us with a path of $2 billion revenue aspiration and EBIT margin of 17-18% range in the medium term,” Chief Financial Officer of LTTS, Rajeev Gupta has said during the analyst call.

“For FY25, we reaffirm our revenue guidance of 8-10% and expect H2 EBIT margin to be better than H1 and continue to aspire for a 16% EBIT level for the year,” he added.

The ER&D firm also informed that there would be wage hikes in the October-December quarter. Despite the wage hike, the firm would be able to absorb its impact and maintain the margin level.

“We plan them (the wage hike) to be in Q3 and will be effective from November onwards. So, we will see likely two months of impact in Q3 for increments. We should likely see in a full quarter an impact of close to about 100 basis points to 125 basis points on account of increments. The fact that this is two months in a quarter, it will be lower impact to start off with, but conscious of the fact, we aspire for 16% EBIT levels, and we’ll be able to absorb this increment in Q3 as well,” Gupta said.   

LTTS’ share price lost 3.34% last week (November 1) to close at Rs 4,950 in NSE.

Related Posts

Why business users are choosing Python over Excel

Why business users are choosing Python over Excel

by databiztimes.com
30 July 2025
0

Athira Sethu Kochi, 30 July 2025 Python is being used as an increasingly effective tool in the business world, with...

Why learn Flask? Exploring the benefits of Python’s micro-framework

Why learn Flask? Exploring the benefits of Python’s micro-framework

by databiztimes.com
29 July 2025
0

Athira Sethu Kochi, 29 July 2025 Flask is a light Python web framework. It has been referred to as a...

Why can’t we get insurance coverage for layoffs?

Why can’t we get insurance coverage for layoffs?

by databiztimes.com
29 July 2025
0

Srotaswini Mohapatra Pune, 29 July 2025 We insure our cars, homes, health—even our smartphones. But when it comes to losing...

Top 10 Python skills every developer should learn

Top 10 Python skills every developer should learn

by databiztimes.com
28 July 2025
0

Athira Sethu Kochi, 28 July 2025 Python is one of the most popular and useful programming languages today. Many companies...

Why business users are choosing Python over Excel
Blog

Why business users are choosing Python over Excel

by databiztimes.com
30 July 2025
0

Athira Sethu Kochi, 30 July 2025 Python is being used as an increasingly effective tool in the business world, with...

Read moreDetails
Apple to open US Manufacturing Academy in Detroit on August 19 | Company News
Media Release

Apple to open US Manufacturing Academy in Detroit on August 19 | Company News

by databiztimes.com
30 July 2025
0

DBT Bureau Pune, 30 July 2025 Apple will open its all-new Apple Manufacturing Academy in Detroit on Tuesday, August 19,...

Read moreDetails
Palo Alto Networks in talks to acquire CyberArk for over $20 billion
Business

Palo Alto Networks in talks to acquire CyberArk for over $20 billion

by databiztimes.com
30 July 2025
0

Athira Sethu Kochi, 30 July 2025 Palo Alto Networks, one of the largest Santa Clara, California-based cybersecurity firms, is negotiating...

Read moreDetails
Top 10 U.S. stocks with highest share borrowing as of July 25, 2025 | S&P Global data
Business

Top 10 U.S. stocks with highest share borrowing as of July 25, 2025 | S&P Global data

by databiztimes.com
30 July 2025
0

DBT Bureau Pune, 30 July 2025 The latest data from S&P Global highlights the most heavily shorted U.S. equities, with...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Media Release
  • Data Story
  • Business
  • Tech
  • Artificial Intelligence

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?