Earns the bulk of its revenue from a digital marketing and ad-technology business, with a much smaller software development arm. The Digital Market segment is the only meaningfully profitable line, while the Software Development segment is essentially break-even. Through its OMS subsidiary, it runs programmatic advertising infrastructure using its own data centres and AI systems, and recently scaled one partner's publisher network from about 11 to over 100 domains in six months. The company is now organised into four divisions — AdTech, Software Services, Brightcom Defence and NextGen Tech — with the defence arm engaged in roughly six programmes across the Middle East, Latin America and Europe, built around a MaestroOS platform. Materials at 61.9% of revenue are the largest cost line, well ahead of employee costs at 4.9% of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Digital Market segment (94%), Software development segment (6%). Ad-tech-led digital marketing business with a small software development arm and a new defence-tech division
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 5,020 | 7,397 | 4,662 | 5,147 | 6,928 |
| EBITDA (ex other income) | 1,507 | 2,173 | 1,239 | 1,322 | 1,752 |
| margin % | 30.0 | 29.4 | 26.6 | 25.7 | 25.3 |
| Owners' profit | 912 | 1,371 | 0 | 710 | 962 |
| EPS, as reported (₹) | 4.52 | 6.79 | 3.41 | 3.52 | 9.52 |
| ROE % · ROCE % | 17.2 · 23.7 | 19.6 · 27.1 | 8.8 · 12.2 | 8.2 · 11.7 | 9.1 · 13.5 |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (1) | 703 | 133 | 178 | 103 |
| Capex | (26) | (11) | (10) | 0 | (0) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,303 | 1,674 | 987 | 1,455 | 3,099 | 2,232 | 1,597 | 1,752 |
| Profit before tax | 266 | 351 | 174 | 300 | 646 | 447 | 339 | 377 |
| Net profit | 186 | 244 | 121 | 211 | 444 | 311 | 208 | 262 |
| EPS (₹) | 0.92 | 1.21 | 0.60 | 1.04 | 2.20 | 1.54 | 2.04 | 1.30 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Digital Market segment | 3,616 | 43.1 |
| Software development segment | 213 | 2.5 |
| Digital Marketing Segment | 4,237 | 50.5 |
| Software Development Segment | 317 | 3.8 |
| Total, before eliminations | 8,384 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| L&T TECHNOLOGY SER. LTD. |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 7 Sept 2026 · Brightcom Group re-included in FTSE GEIS Micro Cap Index effective Sept 21, 2026 | business updates | medium | — | — |
| 4 Sept 2026 · Board approves AGM on 29 Sept 2026 for FY 2025-26 | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Conference call timing corrected to 4:30 PM IST on 4 Sept 2026 | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Investor conference call scheduled for Sept 4, 2026 at 4 PM IST | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Board meeting on Sept 4 to fix AGM date and other matters | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Brightcom Group to host shareholders conference call on Sept 4, 2026 | board shareholder meetings | low | — | — |
| 27 Aug 2026 · Brightcom Group to host shareholders conference call on Sept 4, 2026 | board shareholder meetings | low | — | — |
| 26 Aug 2026 · Q1 FY27 Results: Revenue up 20.4% YoY to ₹1,752 Cr, PAT at ₹262 Cr | investor communications | medium | — | — |
| 14 Aug 2026 · OnoMagic Subsidiary Acquires Full Ownership of The Perspective | strategic transactions | medium | — | — |
| 7 Aug 2026 · Board meeting on 14 Aug to consider Q1 FY26-27 results | results | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) |
| 35,510 |
| 26.9 |
| 5.47 |
| 16.3 |
| 19.7 |
| 21.1 |
| 15.1 |
| 19.6 |
| TATA TECHNOLOGIES LIMITED | 31,087 | 55.8 | 7.92 | 33.8 | 13.9 | 14.3 | — | 18.3 |
| INVENTURUS KNOWLEDGE SO L | 29,665 | 38.0 | 10.59 | 27.0 | 25.8 | 27.7 | — | 33.6 |
| NETWEB TECH INDIA LTD | 28,723 | 109.9 | 39.71 | — | 28.5 | 37.5 | — | 15.7 |
| AFFLE 3I LIMITED | 22,105 | 46.2 | 6.05 | 30.4 | 12.5 | 15.2 | 39.3 | 25.8 |
| SAGILITY LIMITED | 21,150 | 21.3 | 2.19 | 12.0 | 9.6 | 11.6 | — | 22.3 |
| BLACK BOX LIMITED | 14,299 | 61.3 | 11.11 | 28.4 | 16.9 | 9.5 | 6.2 | 8.4 |
| E2E NETWORKS LIMITED | 12,632 | 287.1 | — | — | — | — | — | 82.5 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 1.4 | 18.9 | 4 of 78 | 96% |
| P/B | 0.2 | 2.2 | 2 of 70 | 99% |
| ROCE | 13.5 | 9.7 | 31 of 87 | 65% |
| ROE | 9.1 | 9.4 | 38 of 72 | 48% |
| Debt / Equity | 0.0 | 0.0 | 3 of 72 | 72% |
| EBITDA margin | 26.8 | 13.0 | 16 of 69 | 78% |
| Revenue growth | 20.4 | 20.8 | 35 of 67 | 49% |
| Profit growth | 24.1 | 14.6 | 27 of 64 | 59% |
| Market cap | 2019 | 309 | 17 of 87 | 81% |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
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