Arihant Capital’s research report on Larsen and Toubro Technology Services
LTTS is investing and scaling in its 6 key industry bets: 1) Electric/Automation connected vehicles 2) MedTech 3) 5G 4) AI & Digital Products 5) Digital Manufacturing and 6) Sustainability. Management guided revenue run-rate of USD 1.5 Bn by FY25. They also guided LTM run rate of USD 1Bn by Q2/Q3 FY23. Guidance includes organic as well as effect from potential acquisitions. The company mentioned that they are open for potential acquisitions (~USD 20-100m in size) given their healthy cash balance....More>>>