L&T Technology Services Limited

BSE: LTTS540115ISIN INE010V01017

Information Technology
IT Enabled Services
BSE 200

Share price

₹4,135.15-84.40 (-2.00%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹4,746.95
52W low: ₹3,030.00
Off 52W high: -12.89%
1M return: +28.42%
3M return: +16.90%
6M return: +8.83%
1Y return: +1.03%
20D avg volume: 48,892
50 DMA: ₹3,549.28
200 DMA: ₹3,499.64

Key ratios Consolidated

Market cap: ₹43,872 Cr
Current price: ₹4,135.15
52W high / low: ₹4,746.95 / ₹3,030.00
Face value: ₹2.00
P/E: 28.29
P/B: 6.19
EPS (TTM): ₹146.18
Book value / share: ₹668.02
ROE: —
ROCE: 22.00%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-1,650 Cr
Interest cover: 27.12
Dividend yield: 1.45%
Dividend / share (TTM): ₹60.00
Payout: 41.05%
Cash conversion cycle: 36.0 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	3,040	2,940	2,858	2,924	2,980	2,866	2,982	2,653	2,573	2,462	2,538	2,422
	30.90	29.10	55.30	33.30	65.60	67.70	49.30	33.50	65.00	62.20	56.00	62.40
	3,071	2,969	2,913	2,957	3,045	2,934	3,032	2,686	2,638	2,524	2,594	2,484
	2,558	2,493	2,440	2,511	2,597	2,501	2,604	2,247	2,197	2,091	2,122	2,019
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	1,752	1,713	1,682	1,642	1,601	1,591	1,577	1,395	1,385	1,332	1,219	1,254
	13.90	14.40	17.00	14.90	15.80	16.50	15.90	15.50	11.90	13.10	13.20	13.10
	89.30	87.00	86.50	86.70	92.60	81.10	81.60	72.80	78.30	72.60	74.60	71.50
	702.50	678.70	654.80	767.20	887.50	812.40	930.30	763.20	—	—	—	680.20
	513.50	476.00	473.20	445.50	448.00	432.50	427.30	439.90	440.80	432.70	471.00	465.50
	0.00	0.00	-37.00	-35.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	513.50	476.00	436.20	410.10	448.00	432.50	427.30	439.90	440.80	432.70	471.00	465.50
	133.40	123.70	116.20	107.00	118.80	116.40	117.10	120.40	120.80	118.80	129.60	128.70
	548.70	357.10	341.90	303.10	329.20	316.10	310.20	319.50	320.00	313.90	341.40	336.80
	51.67	33.62	31.34	28.56	31.02	29.81	29.38	30.47	30.20	29.65	32.25	31.80
Key metrics
	616.70	577.40	539.70	511.70	556.40	530.10	524.80	528.20	531.00	518.40	558.80	550.10
	20.30%	19.60%	18.90%	17.50%	18.70%	18.50%	17.60%	19.90%	20.60%	21.10%	22.00%	22.70%
	18.00%	12.10%	12.00%	10.40%	11.00%	11.00%	10.40%	12.00%	12.40%	12.80%	13.50%	13.90%
	6.80%	—	5.70%	—	6.80%	—	6.70%	—	—	—	—	—
	2.00%	2.60%	-4.20%	10.20%	15.80%	16.40%	17.50%	9.50%	—	—	—	—
	66.70%	13.00%	10.20%	-5.10%	2.90%	0.70%	-9.10%	-5.10%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	11,762	10,996	10,670	9,647	8,014	6,570	5,450	5,619	5,078	3,747
	148.60	221.20	210.00	207.30	208.00	152.40	153.70	209.10	222.80	193.40
	11,910	11,217	10,880	9,855	8,222	6,722	5,603	5,828	5,301	3,940
	10,002	9,470	9,139	8,051	6,578	5,413	4,706	4,728	4,270	3,263
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	6,789	6,457	5,688	4,930	4,564	3,650	3,355	3,292	3,179	2,460
	60.20	64.10	56.50	50.90	43.50	43.70	45.50	36.50	1.90	2.40
	349.50	345.20	305.30	271.60	231.50	214.40	218.30	182.90	104.20	—
	2,803	2,604	3,089	—	—	1,504	1,087	1,217	983.70	706.00
	1,908	1,747	1,741	1,804	1,644	1,309	897.30	1,100	1,031	677.80
	-72.40	-72.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	1,836	1,674	1,741	1,804	1,644	1,309	897.30	1,100	1,031	677.80
	480.30	444.50	477.20	497.50	469.60	348.60	230.80	277.80	263.00	171.20
	1,551	1,281	1,264	1,306	1,174	960.60	666.50	822.40	768.40	506.60
	145.19	120.71	119.70	123.34	110.80	90.92	63.32	78.56	74.06	—
Key metrics
	2,246	2,084	2,102	2,126	1,919	1,567	1,161	1,320	1,138	680.20
	19.09%	19.00%	19.70%	22.00%	23.90%	23.90%	21.30%	23.50%	22.40%	18.20%
	13.18%	11.70%	11.80%	13.50%	14.70%	14.60%	12.20%	14.60%	15.10%	13.50%
	—	22.00%	27.00%	—	—	—	—	—	—	—
	2.45%	3.10%	10.60%	20.40%	22.00%	20.60%	-3.00%	10.60%	35.50%	—
	21.63%	1.40%	-3.30%	11.30%	22.20%	44.10%	-19.00%	7.00%	51.70%	—
	—	1,270	1,370	—	—	—	—	—	—	—
	—	1.14	1.17	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-1,650	-1,383	—	—	—	—	—	—	—
	—	36.0	30.6	—	—	—	—	—	—	—
Balance sheet
	—	10,489	9,644	—	—	—	—	—	—	—
	—	6,379	6,464	—	—	—	—	—	—	—
	—	1,650	1,383	—	—	—	—	—	—	—
	—	2,015	2,513	—	—	—	—	—	—	—
	—	5.80	3.90	—	—	—	—	—	—	—
	—	990.60	—	—	—	—	—	—	—	—
	—	858.60	878.20	—	—	—	—	—	—	—
	—	936.80	1,622	—	—	—	—	—	—	—
	—	2,572	2,990	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	6,492	6,098	—	—	—	—	—	—	—
Cash flow
	—	1,455	1,481	—	—	—	—	—	—	—
	—	-442.80	-509.40	—	—	—	—	—	—	—
	—	-799.50	-718.20	—	—	—	—	—	—	—
	—	185.10	111.60	—	—	—	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	2,587	2,469	2,409	2,469	2,536	2,424	2,550	2,412	2,325	2,246	2,351	2,148
	26.00	27.00	49.00	34.60	64.10	68.20	49.30	30.20	68.20	63.50	49.60	63.60
	2,613	2,496	2,458	2,504	2,600	2,492	2,599	2,442	2,393	2,310	2,401	2,212
	2,147	2,052	2,028	2,075	2,182	2,071	2,173	2,023	1,986	1,880	1,942	1,771
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	1,428	1,375	1,353	1,320	1,281	1,271	1,250	1,239	1,221	1,170	1,087	1,104
	12.10	12.70	15.60	13.80	14.50	15.80	15.40	15.00	11.50	12.70	12.80	12.60
	69.00	66.70	67.00	67.50	72.20	61.20	58.90	69.30	71.80	66.00	68.00	65.00
	638.50	597.60	592.30	673.70	813.80	722.80	848.90	700.20	—	—	774.40	589.50
	466.00	443.70	430.50	428.30	418.50	421.40	426.50	418.80	407.20	430.30	459.00	440.90
	0.00	0.00	-37.00	-35.40	0.00	0.00	0.00	—	—	—	—	—
	466.00	443.70	393.50	392.90	418.50	421.40	426.50	418.80	407.20	430.30	459.00	440.90
	119.40	115.60	103.80	104.00	111.30	113.60	112.10	118.00	114.20	117.70	129.70	119.90
	515.10	332.90	302.40	288.90	307.20	307.80	314.40	300.80	293.00	312.60	329.30	321.00
	48.57	31.39	28.53	27.26	28.98	29.06	29.69	28.43	27.69	29.55	31.15	30.36
Key metrics
	547.10	523.10	476.10	474.20	505.20	498.40	500.80	503.10	490.50	509.00	539.80	518.50
	21.10%	21.20%	19.80%	19.20%	19.90%	20.60%	19.60%	20.90%	21.10%	22.70%	23.00%	24.10%
	19.90%	13.50%	12.60%	11.70%	12.10%	12.70%	12.30%	12.50%	12.60%	13.90%	14.00%	14.90%
	6.80%	—	5.60%	—	6.80%	—	7.10%	—	—	—	—	—
	2.00%	1.90%	-5.50%	2.40%	9.10%	7.90%	8.50%	12.30%	—	—	—	—
	67.70%	8.20%	-3.80%	-4.00%	4.80%	-1.50%	-4.50%	-6.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18
Income statement
	9,934	9,207	9,533	8,679	7,108	5,874	4,964	5,181	4,712	3,507
	136.60	215.20	211.20	203.10	205.70	153.70	174.30	212.30	151.20	188.10
	10,071	9,422	9,744	8,882	7,314	6,027	5,138	5,394	4,863	3,695
	8,302	7,776	8,061	7,143	5,756	4,777	4,243	4,339	3,922	3,014
	0.00	0.00	0.00	—	—	—	—	—	—	—
	0.00	0.00	0.00	—	—	—	—	—	—	—
	5,476	5,166	4,880	4,350	3,952	3,193	3,001	2,966	2,906	2,284
	54.20	59.60	54.60	47.70	39.20	39.40	43.50	35.10	1.10	0.40
	270.20	266.10	266.10	245.70	202.40	182.60	173.70	153.40	73.10	57.60
	2,502	2,284	2,861	2,499	1,563	1,362	1,025	1,184	940.80	671.80
	1,768	1,646	1,683	1,739	1,558	1,251	895.10	1,055	941.40	681.10
	-72.40	-72.40	0.00	—	—	—	—	—	—	—
	1,696	1,574	1,683	1,739	1,558	1,251	895.10	1,055	941.40	681.10
	442.80	418.80	462.00	480.60	447.10	332.30	222.00	265.00	241.30	191.70
	1,439	1,206	1,221	1,258	1,110	918.50	673.10	790.00	700.10	489.40
	135.75	113.83	115.37	119.06	105.18	87.26	64.25	75.82	67.72	—
Key metrics
	2,020	1,900	2,004	2,032	1,799	1,473	1,112	1,244	1,016	739.10
	20.34%	20.60%	21.00%	23.40%	25.30%	25.10%	22.40%	24.00%	21.60%	21.10%
	14.49%	13.10%	12.80%	14.50%	15.60%	15.60%	13.60%	15.20%	14.90%	14.00%
	—	22.30%	27.70%	—	—	—	—	—	—	—
	0.13%	-3.40%	9.80%	22.10%	21.00%	18.30%	-4.20%	10.00%	34.40%	—
	17.00%	-1.20%	-3.00%	13.30%	20.90%	36.50%	-14.80%	12.80%	43.10%	—
	—	1,131	1,323	—	—	—	—	—	—	—
	—	1.05	1.17	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	-1,320	-1,086	—	—	—	—	—	—	—
	—	33.4	28.5	—	—	—	—	—	—	—
Balance sheet
	—	9,692	8,862	—	—	—	—	—	—	—
	—	5,588	5,718	—	—	—	—	—	—	—
	—	1,320	1,086	—	—	—	—	—	—	—
	—	1,711	2,250	—	—	—	—	—	—	—
	—	5.80	3.90	—	—	—	—	—	—	—
	—	947.30	1,105	—	—	—	—	—	—	—
	—	820.80	832.60	—	—	—	—	—	—	—
	—	873.70	1,510	—	—	—	—	—	—	—
	—	2,369	2,597	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	0.00	0.00	—	—	—	—	—	—	—
	—	5,927	5,748	—	—	—	—	—	—	—
Cash flow
	—	1,272	1,428	—	—	—	—	—	—	—
	—	-309.10	-554.30	—	—	—	—	—	—	—
	—	-782.40	-704.70	—	—	—	—	—	—	—
	—	140.30	105.20	—	—	—	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +9.01%
Sales CAGR 5Y: +13.15%
Profit CAGR 3Y: +2.80%
Profit CAGR 5Y: +12.37%
Sales YoY (TTM): +0.13%
Profit YoY (TTM): +17.00%

Consolidated

Sales CAGR 3Y: +11.12%
Sales CAGR 5Y: +15.07%
Profit CAGR 3Y: +2.95%
Profit CAGR 5Y: +13.96%
Sales YoY (TTM): +2.45%
Profit YoY (TTM): +21.63%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Coverage

INFORMED coverage

Shareholding as of 30 Sep 2026

Promoter holding: 73.51%

Quarter	September 2026	June 2026
Promoter %	73.51%	73.52%

Holder	Type	Holding	Previous	Change
LARSEN AND TOUBRO LIMITED	Promoter	73.51%	73.52%	-0.01%
LICI ULIP-SECURED FUND	Public	6.91%	—	—
SEAFARER OVERSEAS GROWTH & INCOME FUND	Public	1.21%	1.21%	0.00%
SBI NIFTY MIDCAP 150 ETF	Public	1.09%	—	—
LTIMindtree Switzerland AG ( Formerly Known as NIELSEN+PARTNER UNTERNEHMENSBERATER AG)	Promoter Group	0.00%	0.00%	0.00%
L&T CAMP FACILITIES LLC	Promoter Group	0.00%	0.00%	0.00%
LARSEN TOUBRO ARABIA LLC	Promoter Group	0.00%	0.00%	0.00%
LTIMINDTREE GMBH (FORMERLY KNOWNS AS LARSEN & TOUBRO INFOTECH GMBH)	Promoter Group	0.00%	0.00%	0.00%
P. Murphy & Associates Inc	Promoter Group	0.00%	0.00%	0.00%
LTIMINDTREE (THAILAND) LIMITED	Promoter Group	0.00%	0.00%	0.00%
L&T COMMUNITY WELFARE ASSOCIATION	Promoter Group	0.00%	0.00%	0.00%
E2E Networks Limited	Promoter Group	0.00%	0.00%	0.00%
L&T HIMACHAL HYDROPOWER LIMITED	Promoter Group	0.00%	0.00%	0.00%
LTIMINDTREE SOUTH AFRICA (PTY) LIMITED (FORMERLY KNOWN AS LARSEN AND TOUBRO INFOTECH SOUTH AFRICA (PTY) LIMITED)	Promoter Group	0.00%	0.00%	0.00%
LTN Compute Private Limited	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
L&T Technology Services Limited	43,872	4,135.15	28.29	22.00%	+2.45% TTM	+21.63% TTM	+1.03%
INVENTURUS KNOWLEDGE SOLUTIONS LIMITED	30,034	1,750.50	39.32	29.80%	—	—	+5.39%
Tata Technologies Limited	26,489	652.35	47.05	15.00%	+21.87% TTM	-18.79% TTM	-4.98%
NETWEB TECHNOLOGIES INDIA LIMITED S	24,158	4,063.75	66.02	39.30%	+174.95% TTM	+170.58% TTM	+11.89%
AFFLE 3I LIMITED	22,875	1,623.30	46.99	15.30%	+20.28% TTM	+18.55% TTM	-11.48%
Sagility Limited	20,411	43.60	19.89	12.50%	+28.49% TTM	+28.48% TTM	-15.44%
BLACK BOX LIMITED	14,351	808.05	63.50	15.70%	+12.20% TTM	+5.06% TTM	+47.51%
ESDS Software Solution Limited	13,993	1,193.85	—	—	—	—	—
Amagi Media Labs Limited	12,643	574.30	—	5.20%	—	—	—
Cyient Limited	11,659	1,112.95	28.87	10.60%	+10.34% TTM	-34.26% TTM	-3.81%
E2E Networks Limited	10,693	520.20	—	—	—	—	—
Datamatics Global Services Limited	4,313	729.70	18.99	15.60%	+11.14% TTM	-2.61% TTM	-20.78%
R Systems International Limited	3,195	269.60	14.42	—	+26.71% TTM	+17.37% TTM	-35.24%
eMudhra Limited	2,802	358.90	25.40	12.90%	+29.74% TTM	+24.40% TTM	-43.86%
BLS E-Services Limited	2,699	148.55	18.58	16.30%	+51.33% TTM	+8.21% TTM	+47.01%
Protean eGov Technologies Limited	2,681	657.50	32.46	11.70%	+21.39% TTM	-13.25% TTM	-24.19%
Sasken Technologies Limited	2,665	1,754.30	30.54	8.60%	+51.46% TTM	+112.55% TTM	+29.56%
ZAGGLE PREPAID OCEAN SERVICES LIMITED	2,221	165.20	17.06	13.10%	+44.48% TTM	+33.82% TTM	-54.38%
BRIGHTCOM GROUP LIMITED	1,725	8.55	1.70	13.50%	+33.30% TTM	+33.05% TTM	-35.33%
AURUM PROPTECH LIMITED	1,606	210.10	29.57	2.20%	+68.15% TTM	+286.42% TTM	+22.36%
XTRANET TECHNOLOGIES LIMITED	1,467	280.50	—	—	—	—	—
KS Smart Technologies Limited	1,383	84.30	17.88	36.90%	—	—	+11.61%
CEINSYS TECH LIMITED	1,357	647.90	10.22	22.00%	+32.16% TTM	+59.97% TTM	-55.67%
Dynacons Systems & Solutions Ltd.	1,277	1,002.45	15.03	31.50%	+10.51% TTM	+13.99% TTM	+9.94%
EXPLEO SOLUTIONS LIMITED	1,272	819.50	9.23	20.60%	+10.42% TTM	+38.06% TTM	-18.55%

Filings & corporate actions

Recent announcements

Attaching herewith a copy of the Press Release titled " L&T Technology Services and Nokia Forge Engineering Collaboration", with reference to earlier disclosure.26 Oct 2026 · Company Update / Press Release / Media Release
Transcript of Q2 FY27 Earnings call held on October 19, 2026, is attached.25 Oct 2026 · Company Update / Earnings Call Transcript
Newspaper Clippings relating to the Unaudited Financial Results for the quarter and half year ended September 30, 2026.20 Oct 2026 · Company Update / Newspaper Publication
Intimation attached19 Oct 2026 · Company Update / General
The Board of Directors has approved an Interim Dividend of Rs. 20/- per equity share for the Financial Year 2026-27. The record date for the purpose of determining the members eligible ....19 Oct 2026 · Corp. Action / Record Date
The Board of Directors has approved an Interim Dividend of Rs. 20/- per equity share for the financial year 2026-27.19 Oct 2026 · Corp. Action / Dividend
Investor Presentation relating to the Unaudited (Consolidated and Standalone) Financial Results of the Company for the Quarter and Half Year Ended September 30, 2026 is attached.19 Oct 2026 · Company Update / Investor Presentation
Press Release and Investor Presentation relating to the Unaudited (Consolidated and Standalone) Financial Results of the Company for the Quarter and Half Year Ended September 30, 2026 is attached.19 Oct 2026 · Company Update / Press Release / Media Release
Financial Results for the Quarter and Half Year Ended September 30, 202619 Oct 2026 · Result / Financial Results
Outcome of the Board Meeting for the Quarter and Half Year Ended September 30, 2026.19 Oct 2026 · Board Meeting / Outcome of Board Meeting
Intimation attached for allotment of 8,500 shares.19 Oct 2026 · Company Update / Allotment of ESOP / ESPS
Q2 FY27 Earnings Conference Call is scheduled to be held on October 19, 2026, at 5:30 p.m. (IST). The said intimation is attached.14 Oct 2026 · Company Update / Analyst / Investor Meet
L&T Technology Services Limited has informed the Exchange regarding a press release dated October 12, 2026, titled "L&T Technology Services Launches EI Lab for Manufacturing and Operations, ....12 Oct 2026 · Company Update / Press Release / Media Release
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026, is attached.9 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Board of Directors to consider Interim Dividend for the Half year ending September 30, 2026.24 Sep 2026 · Corp. Action / Dividend
Intimation Attached.24 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
L&T Technology Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/10/2026 ,inter alia, to consider and approve Unaudited Standalone ....24 Sep 2026 · Board Meeting / Board Meeting
L&T Technology Services Limited has informed the Exchange regarding a press release dated September 24, 2026 titled "L&T Technology Services Partners with Cognite to Advance Engineering ....24 Sep 2026 · Company Update / Press Release / Media Release
L&T Technology Services Limited has informed the exchange about schedule of meet.15 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation attached for allotment of 8,725 shares.10 Sep 2026 · Company Update / Allotment of ESOP / ESPS
L&T Technology Services Limited has informed the Exchange about Receipt of No-objection letters from the Stock Exchanges for Reclassification of Nabha Power Limited from Promoter Group ....4 Sep 2026 · Company Update / General
Submission of Voting Results of Postal Ballot under Regulation 44 of SEBI (Listing Obligation and Disclosure Requirements), 2015 along with a copy of Scrutiniser''s Report.4 Sep 2026 · AGM/EGM / Postal Ballot
Submission of Scrutiniser''s Report for the Postal Ballot Notice dated August 3, 2026.4 Sep 2026 · AGM/EGM / Postal Ballot
L&T Technology Services Limited has informed the Exchange about Schedule of Analysts or Institutional Investors Meet.4 Sep 2026 · Company Update / Analyst / Investor Meet
L&T Technology Services has informed the Exchange regarding completion of sale of Smart World and Communication Business Unit of the company to AMI Paradigm Solutions Private Limited, pursuant ....1 Sep 2026 · Company Update / General
L&T Technology Services Limited has informed the Exchange about Schedule of meet.26 Aug 2026 · Company Update / Analyst / Investor Meet
Copy of Newspaper clippings related to transfer of Equity Shares to the Investor Education and Protection Fund (IEPF) Authority is attached.21 Aug 2026 · Company Update / Newspaper Publication
L&T Technology Services Limited has secured a landmark engagement valued over $ 75 million from a leading global technology enterprise.19 Aug 2026 · Company Update / Award of Order / Receipt of Order
Copy of Presentation to be made to the analyst(s)/investor(s) during "Non-Deal Roadshow" scheduled to be held from August 18, 2026, till August 21, 2026, is attached.17 Aug 2026 · Company Update / Investor Presentation
L&T Technology Services Limited has informed the Exchange about Schedule of meet.12 Aug 2026 · Company Update / Analyst / Investor Meet
NSE Sustainability and Ratings and Analytics Limited, a SEBI registered ESG Rating Provider, has independently revised the Company''s ESG score from "74 to 75".11 Aug 2026 · Company Update / Credit Rating
L&T Technology Services Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "L&T Technology Services Launches AgenticlQ, an End -to-End Agentic AI ....11 Aug 2026 · Company Update / Press Release / Media Release
L&T Technology Services Limited has informed the Exchange about Schedule of meet.7 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Clippings related to Dispatch of Postal Ballot Notice is attached.5 Aug 2026 · Company Update / Newspaper Publication
Postal Ballot Notice is attached.4 Aug 2026 · AGM/EGM / Postal Ballot
SES ESG Research Private Limited ("SES ESG"), a SEBI registered Category II ESG Rating Provider ("Rating Agency"), has independently revised the Company''s SES ESG Score from 74.1 to 75.7, ....20 Jul 2026 · Company Update / Credit Rating
Transcript of Q1 FY27 Earning Call held on July 14, 2026 is attached.20 Jul 2026 · Company Update / Earnings Call Transcript
Intimation attached.17 Jul 2026 · Company Update / General
Newspaper clippings relating to Unaudited Financial Results for the quarter ended June 30, 2026 is attached.15 Jul 2026 · Company Update / Newspaper Publication
Intimation attached.14 Jul 2026 · Company Update / General

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend - Rs. - 20.0000	27 Oct 2026	27 Oct 2026	—
Final Dividend - Rs. - 40.0000	22 May 2026	22 May 2026	—
Interim Dividend - Rs. - 18.0000	27 Oct 2025	27 Oct 2025	—
Final Dividend - Rs. - 38.0000	6 Jun 2025	6 Jun 2025	—
Interim Dividend - Rs. - 17.0000	25 Oct 2024	25 Oct 2024	—

Board meetings

19 Oct 2026 Board Meeting - Financial Results

L&T Technology Services Q2 revenue rises 12% as margin hits 16.3%

INFORMED Newsroom · 2026-10-21

L&T Technology Services, which helps other companies design, build and test products from cars to medical devices, reported Q2FY27 revenue of Rs 3,040.4 crore, up 12.1% from a year ago, with EBIT margin at 16.3% . Reported net profit jumped 66.8% on a one-time gain from selling its Smart World & Communication business, while core continuing profit grew 19.7%. Total large-deal wins topped $20 crore, with AI-related deals accounting for more than half .

Core sales and margins strengthened; headline profit mixed in a one-time gain

Source: .

Consolidated, Rs crore	Q2FY26 restated	Q1FY27	Q2FY27
Revenue	2,713.3	2,940.1	3,040.4
EBIT	382.4	461.3	496.6
Continuing PAT	317.2	351.8	379.6
Reported net income	328.7	356.6	548.2

Source: .

Consolidated margins	Q2FY26 restated	Q1FY27	Q2FY27
Gross margin	29.8%	31.7%	32.4%
EBITDA margin	17.5%	18.7%	19.3%
EBIT margin	14.1%	15.7%	16.3%
Reported net margin	12.1%	12.1%	18.0%

The revenue and operating-profit comparisons use continuing operations, with Q2FY26 restated to exclude SWC. Reported net income still includes discontinued-operations profit in each quarter; Q2FY27 also includes the SWC sale gain. The reported net margins therefore use total net income, including those items, over continuing revenue .

Past large deals starting work lifted dollar sales

Source: .

USD revenue, $ crore	Q2FY26	Q1FY27	Q2FY27
Reported revenue	30.69	30.99	31.71
QoQ growth in constant currency	—	1.5%	2.7%
YoY growth in constant currency	—	1.9%	4.8%

Constant-currency revenue growth removes the effect of exchange-rate movements; it can still reflect changes in prices and business mix as well as volume.

Sequential growth quickened from Q1 to Q2. Management said wins from the last few quarters moved to execution . Rupee growth looks stronger than dollar growth because a weaker rupee lifts the value of dollar earnings .

Steady core profit hid inside a sharp headline jump

Profit after tax, or PAT, needs two readings. Continuing PAT shows the ongoing engineering business. Reported net income adds discontinued operations and the SWC sale gain .

The sale gain was Rs 165 crore in Q2FY27, with only a small profit from discontinued operations . That explains why reported profit surged while continuing profit grew steadily. Earnings per share shows the same split between continuing and total operations .

The board declared an interim dividend of Rs 20 per share, with record date October 27, 2026 .

Margins hit the mid-16% target ahead of schedule

EBIT margin, or operating profit as a share of sales, rose sequentially and year on year to reach the near-term goal early. Chief executive Amit Chadha said this achieved the mid-16% aspiration ahead of schedule .

The improvement was broad, with gross margins improving across all segments . In July, management had guided to sequential margin gains through FY27 to reach mid-16% on or before Q4FY27, helped by higher-margin Sustainability and Mobility, Engineering Intelligence-led delivery and disciplined costs .

Management now expects revenue momentum to strengthen further in the second half while sustaining healthy margins. It linked this to its long-term aspiration of 13-15% revenue CAGR with EBIT margins of 16-17% over five years .

Sustainability powers growth while Tech stays soft

Source: .

Share of revenue	Q2FY26 restated	Q1FY27	Q2FY27
Mobility	31.9%	32.3%	32.3%
Sustainability	34.7%	37.1%	38.0%
Tech	33.5%	30.6%	29.7%

Sustainability, covering plant engineering and industrial products, delivered the strongest growth. Mobility sustained momentum. Tech declined sequentially and year on year .

Management described Tech as steady, with gross margins improving across all segments . That is softer than the Q1 expectation that Tech would return to growth from Q2 after a medical programme ended and telecom deals slipped . Management had already said Tech was unlikely to return to its earlier share as growth came more from Sustainability followed by Mobility .

Large-deal wins rebounded, with AI contributing more than half

Deal wins topped $20 crore after a soft quarter

Sources: Q2 FY26 — ; Q3 FY26 — ; Q4 FY26 — ; Q1 FY27 — ; Q2 FY27 — .

Quarter	Large-deal TCV, $ million
Q2 FY26	292
Q3 FY26	180
Q4 FY26	182
Q1 FY27	nearly 100
Q2 FY27	over 200

Q2 wins included one $7.50 crore deal, one $3 crore-plus deal, one $2.50 crore deal and six $1 crore-plus deals . AI-related deals were over half the total .

The rebound followed a soft Q1 when some wins slipped into early Q2 . Management said order backlog and pipeline both improved year on year, with several large deals in play .

EI-led revenue reaches a $12 crore annualised run-rate

Engineering Intelligence is LTTS shorthand for embedding artificial intelligence across engineering, products, manufacturing and operations. It is sold through EIOne, a platform of over 100 solutions .

LTTS reported annualised revenue of $12 crore from EI-led solutions in Q2FY27 . Support comes from partnerships with Anthropic, NVIDIA, Databricks and leading hyperscalers, plus a new EI Lab with NVIDIA for Physical AI in manufacturing, robotics and supply chain and a Cognite partnership for industrial AI .

Illustrative wins show how it is deployed, including a five-year telecom equipment deal for full-stack Engineering Intelligence and an AI-powered engineering deal with an auto technology provider . Other wins span food, energy and robotics work .

Patent filings totalled 1,808 at quarter-end, with 1,085 co-authored with clients, while AI filings exceeded 250 .

North America grew as offshore delivery share rose

North America grew while Europe steadied

Source: .

Geography	Q2FY27 share	QoQ growth	YoY growth
North America	60.7%	2.8%	4.4%
Europe	17.7%	0.6%	-3.9%
India	13.4%	4.0%	0.6%
Rest of World	8.2%	0.1%	18.3%

North America, the largest market, grew 2.8% sequentially; India had the fastest percentage growth at 4.0%. Europe grew only slightly sequentially and stayed down year on year .

In Q1, management had expected Europe to come back in Q2 . Q2 shows stabilisation rather than a full recovery.

Offshore and fixed-price shares increased

Source: .

Delivery mix	Q2FY26 restated	Q1FY27	Q2FY27
Offshore	52.1%	53.9%	55.9%
Onsite	47.9%	46.1%	44.1%
Fixed-price	32.1%	35.1%	35.6%
Time-and-materials	67.9%	64.9%	64.4%

Offshore means work done from India rather than at client sites. Fixed-price means a set fee for an outcome rather than billing by hours.

Both shares increased alongside the improvement in EBIT margin, but the Q2 presentation does not quantify their contribution to that improvement . Management said most large deals are fixed-price or outcome-based .