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L&T Technology Services share price & results

L&T Technology Services Limited· Information Technology

Results to
Sept 2026
Latest analysed call
Q2 FY27
Ownership as of
Sept 2026

L&T subsidiary; India's largest pure-play engineering R&D services firm across Mobility, Sustainability, Tech.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue3,040 ₹ crore+12.1% YoYQuarterly, as filedQuarter to Sept 2026Revenue from operations as filed.
Operating margin19.0 %+2.0 pts YoYOperating profit / revenueQuarter to Sept 2026For the quarter; a change is in percentage points.
Net profit549 ₹ crore+66.9% YoYQuarterly, as filedQuarter to Sept 2026Profit after tax as filed.
Return on equity19.71 %−0.6 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin11.64 %−2.7 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)9.24 %+14.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Sept 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Sept 2026

Guidance

What management said, and what became of it

4 of 9 judged targets kept · 13 open · verdicts reflect calls analysed to Q1 FY27.

L&T Technology Services Limited management guidance track record on Inve: 22 targets tracked across analysed earnings calls (4 achieved, 5 missed, 13 open).

TargetOriginal wordingSaidLatest callVerdict
Quarterly Headcount AdditionAdd ~500 employees per quarter in Q1, Q2, and Q3 of FY27
Call transcript, Q4 FY26 · 22 Apr 2026		Q4 FY26Q1 FY27:Net headcount addition was only 15 for the quarter (from 23,830 to 23,845), significantly missing the Q1 target of ~500.
Call transcript, Q1 FY27 · 14 Jul 2026		Missed
Combined DSOMaintain combined DSO in the range of 85-90 days
Call transcript, Q4 FY26 · 22 Apr 2026		Q4 FY26Q1 FY27:Combined DSO improved to 77 days. Management revised the guidance favorably to a new range of 80-85 days going forward.
Call transcript, Q1 FY27 · 14 Jul 2026		Revised Up
H2 FY26 EBIT Margin vs H1 FY26H2FY26 margins to be better than H1FY26 margins
Call transcript, Q2 FY26 · 17 Oct 2025		Q2 FY26Q4 FY26:Q4 EBIT margin was 15.2%, bringing the H2 FY26 average margin to 14.9%. This is significantly higher than H1 FY26 margins (e.g., Q2 was 13.4%), thus achieving the promise.
Call transcript, Q4 FY26 · 22 Apr 2026		Achieved

Source: Inve Guidance Tracker for L&T Technology Services Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

5 of L&T Technology Services Limited's 22 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 19 more targets are in the full ledger.

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Price

₹4,035.6 +3.20% · +₹125.3

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance −3.3% 1Y

₹3.0k₹3.5k₹4.0k₹4.5kOct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 24 Oct 2025Q3 FY26 — 14 Jan 2026Q4 FY26 — 22 Apr 2026Q1 FY27 — 14 Jul 2026Q2 FY27 — 19 Oct 2026

1Y: ₹4,172.7 on 24 Oct 2025 → ₹4,035.6. High ₹4,696.2 (23 Dec 2025), low ₹3,047.7 (1 Jul 2026).

Previous close
₹3,910.3
Market cap
₹42.8k Cr
52-week range
₹3,047.7 – ₹4,696.2
One year
−3.79%
Price to earnings (TTM to Sept 2026)
30.67×
Return on equity (TTM to Sept 2026)
19.71%

Overview

Symbol
NSE:LTTS
Exchange
NSE
Currency
INR

What L&T Technology Services Limited does

Based on the company's own presentations, annual report and earnings calls.

L&T Technology Services (LTTS) is a listed Larsen & Toubro subsidiary that provides AI-led engineering, research & development (ER&D), and digital engineering services to global product and technology companies. It earns primarily by delivering outsourced product engineering, embedded/software engineering, digital manufacturing, and AI-enabled platform engineering work for clients across the Mobility, Sustainability, and Tech industry segments, executed through global design centers and innovation labs. Clients span Automotive, Trucks & Off-Highway, Aerospace & Rail, Industrial Products, Process Industries, MedTech, Media & Tech, and Software & Platforms, including many of the world's largest R&D spenders.

Segments

  • Mobility
  • Sustainability
  • Tech
Employees
23,830
Global design centers
22
Countries with global presence
25
R&D innovation labs
98
Global clients
417
Clients among top 100 global R&D spenders
57
Headquarters Mumbai, Maharashtra, India Company website

How the price took the results

close before → close after

Q2 FY27
−2.8%
19 Oct
Q1 FY27
−0.1%
14 Jul
Q4 FY26
−2.5%
22 Apr
Q3 FY26
−7.7%
15 Jan

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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