L&T Technology Services (LTTS), the engineering and R&D services arm of the Larsen & Toubro Group, on Friday reported a consolidated net profit of Rs 329 crore for the quarter ended 30 September 2025, up 4.1 per cent sequentially and 2.8 per cent year-on-year (YoY).
Revenue for the quarter rose to Rs 2,980 crore, up 4 per cent quarter-on-quarter (QoQ) and 15.8 per cent YoY in rupee terms. In dollar terms, revenue stood at USD 337 million, growing 10.4 per cent YoY and 1.3 per cent QoQ in constant currency.
The company reported an EBIT margin of 13.4 per cent during the September quarter.
LTTS also said that it achieved a record high large deal total contract value (TCV) of nearly USD 300 million in Q2, reinforcing the company’s large deal momentum.
CEO Commentary
Amit Chadha, CEO & Managing Director of L&T Technology Services, said demand remained steady despite macro uncertainties.
“Our strong momentum of large deal wins continued as we touched a record high TCV of near-USD 300 Mn in the quarter which reflects the confidence our global clients have in our next-gen offerings,” he said.
He added that LTTS’ segment focus and investments in AI and digital were driving growth.
“In the face of shifting market dynamics and geopolitical unpredictability, our ‘Go Deeper to Scale’ and multi-segment strategy is helping us grow with the Sustainability segment achieving double-digit annual growth for two consecutive quarters and the Tech segment remaining resilient.”
“Building an AI-first delivery model, our investments in Gen AI, Agentic AI and Physical AI have helped consolidate our leadership position in engineering and industrial AI… we continue to see strong client engagement and early monetization,” Chadha said.
Strong Patent Base, Interim Dividend
The company’s patent portfolio crossed a new milestone, reaching 1,601 patents as of Q2FY26, of which 978 patents were co-authored with clients.
The board declared an interim dividend of Rs 18 per share, with a record date of October 27, 2025.
Workforce Update
LTTS’ headcount stood at 23,678 employees at the end of the quarter, up marginally from 23,626 employees in the previous quarter.
Chadha reaffirmed the company’s medium-term growth outlook, saying:
“With an increased order book and a sharp focus on resilient and profitable growth, we maintain our medium-term outlook of USD 2 Bn revenue.” |
