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Dolat Capital Report
We attended L&T Technology Services Ltd.'s Investor Day'24, centered on theme โGo Deeper to Scaleโ showcasing upcoming products in the areas of SDM, Plant Engineering, Medical devices, etc. Key Highlights include-
the aspiration to achieve $2 billion revenue (inc. inorganic) with 17-18% margin in medium term by creating deep domain capabilities,
scaling up three segments to $1 billion revenue each in the medium term through large deal wins, while also targeting to be among top-five ER&D services companies globally, and
remaining cautiously optimistic in nearterm due to shortening tech cycle and delayed client decision making.
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