L&T Technology Services reported a marginal 0.7% increase in its June quarter consolidated net profit at Rs 316 crore versus Rs 314 crore reported by the company in the year ago period. Company's revenue from operations in Q1FY26 stood at Rs 2,866 crore compared to Rs 2,462 crore in the corresponding quarter of the last financial year, jumping by 16%.
The profit after tax (PAT) was up by 1.5% on the quarter-on-quarter basis versus Rs 311 crore reported in Q4FY25 while the topline fell 4% versus Rs 2,982 crore in the January-March quarter.
LTTS' dollar revenue stood at $335.3 million for the quarter under review, declining 2.9% QoQ while rising by 13.6% YoY. In constant currency terms, revenue was down 4.2% QoQ and up 12.8% YoY.
The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBIT) was reported at Rs 381 crore in the quarter gone by while EBIT margin stood at 13.3%.
Management commentary
Commenting on company's earnings, CEO & Managing Director Amit Chadha said that LTTS exceeded $200 million in large deals TCV for the third straight quarter, continuing its deal momentum in Q1 with one $50 million win, three deals in $20-30 million range, and six in excess of $10 million deals.
"In this dynamic macro environment, our multi-segment diversification strategy has proven resilient, with the Sustainability segment achieving double-digit annual growth. The ‘Go Deeper to Scale’ strategy and investments in new age technologies are leading to stronger partnerships with clients and a robust TCV booking," Chadha said.
Chadha said that the company is launching PLxAI, its proprietary AI framework, which accelerates product development lifecycle for global clients. "PLxAI combines smart prompting, contextual intelligence, and agentic workflows to significantly reduce product lifecycle. PLxAI was originally incubated in the Mobility segment, but has now been scaled and propagated to other segments using our multi-vertical cross pollination approach," he informed.
Guidance
Backed by an increased order book and a focus on resilience and profitable growth, the company expects to clock double-digit growth in FY26 and maintains its medium-term outlook of $2 billion revenue,” said Chadha.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
The profit after tax (PAT) was up by 1.5% on the quarter-on-quarter basis versus Rs 311 crore reported in Q4FY25 while the topline fell 4% versus Rs 2,982 crore in the January-March quarter.
LTTS' dollar revenue stood at $335.3 million for the quarter under review, declining 2.9% QoQ while rising by 13.6% YoY. In constant currency terms, revenue was down 4.2% QoQ and up 12.8% YoY.
The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBIT) was reported at Rs 381 crore in the quarter gone by while EBIT margin stood at 13.3%.
Management commentary
Commenting on company's earnings, CEO & Managing Director Amit Chadha said that LTTS exceeded $200 million in large deals TCV for the third straight quarter, continuing its deal momentum in Q1 with one $50 million win, three deals in $20-30 million range, and six in excess of $10 million deals.
"In this dynamic macro environment, our multi-segment diversification strategy has proven resilient, with the Sustainability segment achieving double-digit annual growth. The ‘Go Deeper to Scale’ strategy and investments in new age technologies are leading to stronger partnerships with clients and a robust TCV booking," Chadha said.
Chadha said that the company is launching PLxAI, its proprietary AI framework, which accelerates product development lifecycle for global clients. "PLxAI combines smart prompting, contextual intelligence, and agentic workflows to significantly reduce product lifecycle. PLxAI was originally incubated in the Mobility segment, but has now been scaled and propagated to other segments using our multi-vertical cross pollination approach," he informed.
Guidance
Backed by an increased order book and a focus on resilience and profitable growth, the company expects to clock double-digit growth in FY26 and maintains its medium-term outlook of $2 billion revenue,” said Chadha.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
You may also like
Neetu Chandra appointed as Icon Face of Election Commission of Bihar
Maoist leader Soman sent to police custody in Wayanad cases
IITian-CEO admits his body refuses to 'act corporate'. He sits cross-legged in meeting, loves to sleep on floor
Wimbledon breaks record despite demand for BBC commentator to be removed
Bryan Mbeumo to Man Utd transfer U-turn as manager privately changes things
