L&T Technology Services (LTTS) announced a 10.2% YoY revenue increase in Q3FY26, reaching ₹29,235 Million. Net profit rose by 2.1% YoY to ₹3,291 Million. The company secured its fifth consecutive quarter of deal wins exceeding $200 Million in Total Contract Value (TCV). The company anticipates mid-single-digit growth in FY26.
Financial Performance Highlights
In Q3FY26, L&T Technology Services (LTTS) reported the following key financial results:
- Revenue reached ₹29,235 million, a 10.2% increase year-over-year.
- USD Revenue stood at $326.3 million, up 4.6% YoY.
- Net profit was recorded at ₹3,291 million, representing a 2.1% YoY increase.
- EBIT margin was 14.6%.
Key Deal Wins
LTTS secured several significant deal bookings during Q3, including:
- A deal worth USD 70 Mn from a global OEM.
- A USD 30 Mn deal.
- A USD 20 Mn program.
- Five deals above USD 10 Mn each.
Management Commentary
According to Amit Chadha, CEO & Managing Director, LTTS, the company sustained momentum in large deal wins, delivering an average TCV of ~$200 million for five consecutive quarters. The Sustainability segment continued double-digit growth, and Mobility showed signs of turnaround.
Recognitions
LTTS received the following recognitions:
- Recognized among CII’s Top 20 Most Innovative Companies.
- Rated as a Leader in Digital Engineering Services 2025 by Avasant.
- Honored with Questel IP Excellence Award 2025 for Contributions to Innovation & Excellence in Intellectual Property.
- Rated as a Leader in HFS Semiconductor Horizons: The Best of Service Providers across the Value Chain, 2025.
- Rated as a Leader in Oil and Gas for both EAM and Al & Cloud Services – US 2025 by ISG.
Patents and Human Resources
- LTTS’s patents portfolio reached 1,655, with 1,007 co-authored with clients.
- The company’s employee strength stood at 23,639.
Operational Performance
Q3 FY26 vs Q3 FY25:
- Mobility: 30.1% vs 32.4%
- Sustainability: 33.2% vs 31.2%
- Tech: 36.7% vs 36.4%
Revenue by Geography
Q3 FY26 vs Q3 FY25:
- North America: 56.8% vs 51.5%
- Europe: 17.6% vs 18.2%
- India: 18.2% vs 22.7%
Source: BSE
