Steady Sparks: LTTS Posts Rs 316 Crore Profit Amid Revenue Surge

Image Source: Business Standard

L&T Technology Services (LTTS) has begun FY26 on a soft note with net profit growth and strong revenue performance, showing resilience in a mixed market scenario. The engineering and tech services company has reported a consolidated net profit of Rs 316 crore in the April–June quarter, up a marginal 0.7 percent year-on-year.

Key Q1 FY26 Results Highlights

1. Profit Performance
- The net profit climbed from Rs 313.6 crore during Q1 FY25 to Rs 316 crore during Q1 FY26
- Quarter to quarter increase to Rs 311.1 crore during the previous quarter
- Marginal growth resulting from good tax returns and steady operating margins.

2. Revenue Momentum
- Sales rose 16.4 percent year-on-year to Rs 2,866 crore
- Growth on the back of strong performance across technology and sustainability verticals
- North America added a 1.5 percent gain, with India posting a 16.4 percent sequential fall on the back of seasonally softness.

3. Strategic Wins and AI Push
- Achieved several significant deals with overall value of contracts over $200 million
- Launched PLxAI, its in-house artificial intelligence platform to accelerate product development
- Filed 206 AI patents, totaling 1,550 patents in its patent portfolio

4. Market Position and Outlook
- EBIT margin was unchanged at 13.3 percent - LTTS is anticipating double-digit growth in FY26 fueled by diversified segment strategy and strong order book - Stocks closed even at Rs 4,343 on NSE, reflecting wary investor sentiment.

Sources: Economic Times, Fortune India, Business Today, Zee Business