L&T Technology Services Limited has informed the Exchange regarding a press release dated July 16, 2025.
LTTS · price
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Awaiting price reaction for this filing.
L&T Technology Services (LTTS) reported Q1FY26 revenue of ₹2,866 crore, up 16.4% year-on-year but down 3.9% sequentially, with USD revenue at $335.3 million (up 13.6% YoY, down 2.9% QoQ). Net profit stood at ₹316 crore, a modest 0.7% YoY growth, while EBIT margin contracted to 13.3% from 15.6% a year ago. The company logged its third straight quarter of $200+ million in large-deal total contract value, including one $50 million deal, three in the $20–30 million range and six above $10 million. The Sustainability segment grew 4% QoQ and 16% YoY, crossing the $100 million quarterly mark, and all three business segments now generate $400+ million in annualised revenue. Management reiterated guidance for double-digit growth in FY26 and a medium-term target of $2 billion in revenue, while announcing a new engineering design centre in Plano, Texas and the launch of an in-house AI framework called PLxAI.
The print shows healthy YoY growth and a robust deal pipeline, but the sequential revenue dip and continued margin softness may temper near-term sentiment. Sustained large-deal wins, segment diversification and AI-led offerings support the longer-term growth story and the $2 billion medium-term revenue ambition.