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L&T Technology Services to provide technology & digital engineering solutions to Airbus

Ganesh V
/ Categories: Mindshare, DSIJ News
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L&T Technology Services to provide technology & digital engineering solutions to Airbus

L&T Technology Services today announced that it has been selected by Airbus to provide technology and digital engineering solutions for Airbus’ Skywise platform as a part of Skywise Partner Programme. 

Reacting to this, the company’s stock today jumped 3.28 per cent at 12.16 pm. 

Meanwhile, the company reported a net profit of Rs 186.90 crore in Q3FY21, a decrease of 9.18 per cent. It had reported a profit of Rs 205.80 crore in Q3FY20. The company reported net sales of Rs 1,400.70 crore for Q3FY21, a decrease of 1.56 per cent as against the net sales of Rs 1,422.90 crore for Q3FY20. 

L&T Technology Services Ltd is a subsidiary of Larsen & Toubro, which is focussed on engineering and R&D (ER&D) services. The company offers consultancy, design, development, and testing services across the product and process development life cycle. 

According to BSE data, the stock traded at a P/E multiple of 38.95 and a price-to-book ratio of 8.85. The stock has a 52-week high and a 52-week low of Rs 2,780 and Rs 995, respectively. 

At 3.13 pm today, the company’s stock was trading at Rs 2,612.00, up by 4.60 per cent against its previous close of Rs 2,497.20 on BSE.  

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