L&T Technology Services Reports 10.2% YoY Revenue Growth in Q3 FY26
Filing Summary
L&T Technology Services Limited announced its Q3 FY26 results, reporting a 10.2% year-over-year increase in revenue, reaching INR 29,235 million. The net profit rose by 2.1% to INR 3,291 million. The company secured significant deals, including a USD 70 million contract from a global OEM. The EBIT margin stood at 14.6%. The company maintained its momentum in large deal wins, with an average total contract value of USD 200 million for five consecutive quarters. The patents portfolio reached 1,655, with 1,007 co-authored with clients.
L&T Technology Services Limited (LTTS) has released its financial results for the third quarter of fiscal year 2026, ending December 31, 2025. The company reported a revenue of INR 29,235 million, marking a 10.2% increase compared to the same period last year. The net profit for the quarter was INR 3,291 million, reflecting a 2.1% year-over-year growth. The EBIT margin was recorded at 14.6%.
In terms of financial performance, LTTS achieved a USD revenue of 326.3 million, which is a 4.6% increase year-over-year. The company reported an EBIT of INR 4,271 million for the quarter. The net income margin was 11.3%. The company also reported a gross margin of 30.0% and an EBITDA margin of 17.6%. The revenue in constant currency terms showed a 3.9% year-over-year increase.
Operationally, LTTS secured several large deals in Q3 FY26. Notable contracts include a USD 70 million deal from a global OEM, along with other significant deals valued at USD 30 million and USD 20 million. The company also reported five deals exceeding USD 10 million. The patents portfolio at the end of the quarter stood at 1,655, with 1,007 co-authored with clients.
The timeline for these developments includes the continuation of large deal wins, with an average total contract value of USD 200 million for five consecutive quarters. The company has been focusing on its five-year Lakshya plan, which is set to commence on April 1, 2026. This plan involves pivoting towards full-stack Engineering Intelligence solutions and reassessing market trends and client priorities.
Several entities are involved in LTTS’s operations. The company is a subsidiary of Larsen & Toubro Limited and operates globally with a workforce of 23,639 employees. LTTS has expanded its partnerships, including a strategic alliance with ASSAI Software Services to integrate Digital Twin technology.
In the market context, LTTS has been recognized for its leadership in various sectors. It was rated as a leader in Digital Engineering Services by Avasant and received the Questel IP Excellence Award for contributions to innovation. The company has also been acknowledged for its role in the Oil and Gas sector by ISG.
L&T Technology Services is a global leader in AI, Digital, and ER&D Consulting Services. As a subsidiary of Larsen & Toubro, it provides design, development, testing, and sustenance services across various sectors, including industrial products, medical devices, and transportation. The company is focused on driving growth through innovation in the Mobility, Sustainability, and Tech segments.