L&T Technology Services Ltd

On a consolidated basis, net income from continuing operations increased 17.4% YoY and 1.5% QoQ to Rs 351.8 crore in Q1 FY27. Revenue increased 11.5% YoY and 2.9% QoQ to Rs 2,940.1 crore during the quarter. In US dollar terms, revenue stood at $309.9 million, up 0.4% YoY and 1.3% QoQ. In constant currency terms, revenue grew 1.9% YoY and 1.5% QoQ. Gross profit rose 21.1% YoY and 1.4% QoQ to Rs 932.8 crore. Gross margin improved to 31.7% from 29.2% in Q1 FY26. EBITDA increased 24.4% YoY and 5.2% QoQ to Rs 548.3 crore, while EBITDA margin improved to 18.7% from 16.7% in Q1 FY26 and 18.2% in Q4 FY26. EBIT rose 28.1% YoY and 6.1% QoQ to Rs 461.3 crore, with EBIT margin expanding to 15.7% from 13.7% in Q1 FY26 and 15.2% in Q4 FY26. The company secured one deal worth over $30 million, one deal above $20 million and four deals exceeding $10 million during the quarter, reflecting continued momentum in large deal wins. At the end of Q1 FY27, LTTS' patent portfolio stood at 1,757, of which 1,059 were co-authored with clients. Employee strength stood at 23,845. Commenting on the performance, Amit Chadha, CEO and managing director, said the company's Lakshya 31 strategy is translating into healthy revenue growth and sustained margin expansion. He added that the Sustainability segment maintained double-digit growth, the Mobility segment returned to growth, and LTTS strengthened its AI capabilities through a partnership with Anthropic while remaining confident of achieving its long-term revenue growth aspirations of 13-15% CAGR over the next five years. Meanwhile LTTS announced that it partnered with AI company Anthropic to integrate its Claude AI models across engineering workflows and LTTS' AI-powered platforms, including AgenticIQ, PlxAI, Ainfonix, AiNexus and AiTest. The collaboration aims to accelerate product and software development by enhancing knowledge management, software engineering, testing, validation and lifecycle management, helping enterprise clients improve productivity, product quality, decision-making and speed to market through LTTS' Engineering Intelligence framework. L&T Technology Services (LTTS), a subsidiary of Larsen & Toubro, is a global engineering research and development (ER&D) services company offering design, development, testing and lifecycle support across products and processes. The company serves 69 Fortune 500 companies and 57 leading ER&D firms across industries including industrial products, medical devices, transportation, telecom and hi-tech, and process industries. Powered by Capital Market - Live

Net profit of L&T Technology Services rose 12.96% to Rs 356.60 crore in the quarter ended June 2026 as against Rs 315.70 crore during the previous quarter ended June 2025. Sales rose 11.47% to Rs 2940.10 crore in the quarter ended June 2026 as against Rs 2637.50 crore during the previous quarter ended June 2025. ParticularsQuarter EndedJun. 2026Jun. 2025% Var. Sales2940.102637.50 11 OPM %18.6516.71 - PBDT563.00491.30 15 PBT476.00410.70 16 NP356.60315.70 13 Powered by Capital Market - Live

L&T Technology Services will hold a meeting of the Board of Directors of the Company on 14 July 2026.

 L&T Technology Services announced that CRISIL ESG Ratings & Analytics has independently revised the Company's overall ESG score from 'Crisil ESG 69' to 'Crisil ESG 73' and upgraded the Company's rating category from 'Strong' to 'Leadership'.

L&T Technology Services announced a strategic go-to-market partnership with Databricks, the leading Data and AI company, to co develop and deliver Industrial AI solutions that advance Engineering Intelligence (EI) for asset intensive enterprises. Anchored in LTTS' Sustainability segment, spanning Process Engineering, Discrete Manufacturing and Industrial Products, the partnership will support Energy, Petrochemicals and Industrials clients globally. As industrial organizations seek to unlock greater value from decades of operational and engineering data, the alliance will combine LTTS' deep domain capabilities with the Databricks platform to transform complex plant data into Engineering Intelligence - enabling improved asset reliability, operational efficiency and sustainability performance. The partnership brings together LTTS' expertise in forward looking technologies and extensive experience across more than 600 major plants worldwide with Databricks' leading AI, analytics, and data capabilities. This combination enables industrial enterprises to develop data and AI applications, intelligent agents and advanced analytics at scale, delivering actionable insights and measurable business value across the engineering and asset lifecycle. Together, LTTS and Databricks will deliver solutions spanning Predictive Asset Reliability, Energy & Emissions Optimization, OEE and Production Intelligence, Quality Intelligence and Sustainability Analytics. The partnership combines real-time operational data, advanced AI and machine learning, and natural language-based insights to help engineers and manufacturing teams access, analyze and act on operational intelligence with greater speed and accuracy.

L&T Technology Services announced that ESG Risk Assessments & Insights, a SEBI registered Category 1 ESG Rating Provider (Rating Agency) has independently assigned the ESG rating to the Company with a score of '80'.

L&T Technology Services (LTTS) announced a strategic global partnership with Emerson (NYSE: EMR), a global automation leader and provider of advanced test and measurement solutions. Under this engagement, LTTS will serve as a global System Integrator and technology development partner, supporting the design, deployment and lifecycle enablement of advanced systems engineering platforms across industries. The partnership also introduces joint engagement approaches for customer projects, positioning LTTS as a key system integration partner for the NI test platform. The collaboration will focus on product engineering and solution development tailored for multiple sectors including Industrial, Transportation, Semiconductors, Aerospace & Defense where system performance, resilience and sustainability are critical. As part of the partnership, LTTS will establish a dedicated Centre of Excellence (CoE) at its Mysuru campus in India. The CoE will be based on the NI test and measurement platform and will function as a global hub for joint solution development, industrialization and applied innovation, leveraging NI software and hardware to accelerate product development and engineering, test automation and validation workflows. Key focus areas also include joint go-to-market initiatives, development of industry-specific solutions, license enablement and extended client support models.

The company's revenue in USD terms was $305.9 million, down 1.7% QoQ. In constant currency terms, revenue contracted by 1.1% sequentially. In Q3 FY26, cost of sales added up to Rs 1,938.4 crore (up 0.4% QoQ) while selling, general & administration expenses aggregated to Rs 398 crore (up 11.5% QoQ). EBIT improved by 5.5% to Rs 434.9 crore in Q4 FY26 from Rs 412.4 crore recorded in Q3 FY26. LTTS' FY26 TCV large deal bookings crossed $850 million. The company continued its large deal momentum, marking the sixth consecutive quarter of nearly $200 million in TCV. This includes one $75 million deal, two deals valued at over $20 million, one deal at over $15 million and three deals valued at over $10 million each. At the end of Q4FY26, the patents portfolio of L&T Technology Services stood at 1,706, out of which 1,033 are co-authored with its customers and the rest are filed by LTTS. As on 31 March 2026, LTTS' employee strength stood at 23,830. For FY26, LTTS has reported net profit and total income of Rs 1,279.2 crore (up 1% YoY) and Rs 10,995.9 crore (up 14% YoY), respectively. Amit Chadha, CEO & managing director, L&T Technology Services, said: Anticipating the business landscape and technology shifts over the next 5 years, we recalibrated our portfolio to focus on profitable growth business, driven by forward looking technologies. We are also seeing encouraging momentum across key segments. Sustainability continues to scale strongly, supported by a robust pipeline of deal wins, while Mobility has stabilized with new deal wins and is poised for growth. This overall performance is driven by a sharper, more focused organization, anchored in our approach to Engineering Intelligence (EI), where engineering converges with AI and digital technologies to deliver higher-value solutions and differentiated outcomes for our clients. As part of our 5-year Lakshya 31-Plan, we aspire to deliver 13'15% CAGR over the next five years. L&T Technology Services (LTTS) is a global leader in AI, Digital & ER&D consulting services. A listed subsidiary of Larsen & Toubro (L&T), the company offers design, development, testing, and sustenance services across products and processes. The scrip fell 1.23% to currently trade at Rs 3507.90 on the BSE.

Net profit of L&T Technology Services rose 6.75% to Rs 332.10 crore in the quarter ended March 2026 as against Rs 311.10 crore during the previous quarter ended March 2025. Sales rose 8.34% to Rs 2857.90 crore in the quarter ended March 2026 as against Rs 2637.80 crore during the previous quarter ended March 2025. For the full year,net profit rose 0.99% to Rs 1279.20 crore in the year ended March 2026 as against Rs 1266.70 crore during the previous year ended March 2025. Sales rose 14.04% to Rs 10995.90 crore in the year ended March 2026 as against Rs 9642.20 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales2857.902637.80 8 10995.909642.20 14 OPM %18.2416.40 -17.6018.56 - PBDT559.70465.90 20 2092.101942.50 8 PBT473.20385.00 23 1746.901639.40 7 NP332.10311.10 7 1279.201266.70 1 Powered by Capital Market - Live

L&T Technology Services has allotted 4,250 equity shares under ESOP on 22 April 2026.