L&T Technology Services Limited has informed the Exchange regarding Outcome of Board Meeting held on April 22, 2026.
LTTS · price
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L&T Technology Services (LTTS) reported audited consolidated revenue of Rs. 109,959 million for FY26, up 14% from Rs. 96,422 million in FY25, while net profit rose modestly to Rs. 12,811 million from Rs. 12,635 million. Q4 FY26 revenue grew to Rs. 28,579 million with net profit of Rs. 3,327 million. The Board recommended a final dividend of Rs. 40 per share (face value Rs. 2) with a record date of May 22, 2026, and the 14th AGM is scheduled for June 1, 2026. Key leadership changes include the re-appointment of Alind Saxena as Executive Director, elevation of existing CFO Rajeev Gupta to Executive Director & CFO, and a high-profile appointment of former G20 Sherpa Amitabh Kant as Independent Director. The company also booked exceptional items of Rs. 724 million related to Labour Code impacts and overseas restructuring, and classified Rs. 9,871 million of assets as held for sale (discontinued operations). Statutory auditors M S K A & Associates issued an unmodified opinion on the financial statements.
Strong double-digit revenue growth signals healthy business momentum, though flat profit growth and exceptional charges may temper near-term sentiment. The generous Rs. 40 dividend offers attractive yield support, while the addition of Amitabh Kant adds significant policy and governance credibility to the Board. Shareholders should watch for the detailed segment commentary and clarity on the divestment (held-for-sale assets) in the coming days.