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Earnings Call

L&T Technology Services Earnings Call: Key Takeaways

LTTS reported FY26 revenue of $1,321 Mn (up 5% overall, 8.3% for continuing ops). Strategy centers on 'Lakshya 31' to hit $2B revenue by FY31 through 6 technology bets and AI-led Engineering Intelligence.

Why this was an Alfa AlertAdvanced the aspiration to achieve mid-16% EBIT margin levels to Q4FY27, earlier than previously communicated timelines.
Highlights
Revenue growth8.3% YoY growth in continuing operations (USD).
MarginsEBIT margins expanded 40bps sequentially to 15.2% in Q4.
Order bookFY26 large deal wins at $855 Mn; $182 Mn in Q4.
Demand visibilityStrong pipeline in Automotive and Sustainability; 40% growth in large deal wins.
Management confidenceHigh; emphasizing differentiated service offerings and deep client relationships.

Growth

FY26 revenue grew 14% YoY in INR terms to ₹10,996 crores; Net income reached ₹1,282 crores with 11.3% margin.

Outlook

Guidance of 13-15% CAGR over 5 years; aspiring for mid-16% EBIT margins by Q4FY27 and 16-17% long-term.

Risks

Subdued performance in Trucks and Off-Highway segments; geopolitical uncertainty in Middle East; potential margin dilution from tuck-in acquisitions.

Source

Earnings Call filed with NSE, NSE: LTTS. Summary written with AI assistance from the document.

Read the document ↗

L&T Technology Services Ltd: key numbers

Share price
₹3,206.10
Market cap
₹34,012 Cr
Revenue (annual)
₹10,996 Cr
Net profit (annual)
₹1,279 Cr
P/E (TTM)
25.8×Sector 22.1×
Promoter holding
73.52%-0.05% QoQ
FII holding
4.13%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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