L&T Technology Services Ltd.
LTTSInformation Technology filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
28 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 28 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20190726 | 2019-06-30 | yes | |
| TRANSCRIPT | 20191024 | 2019-09-30 | yes | |
| TRANSCRIPT | 20200129 | 2019-12-31 | yes | |
| TRANSCRIPT | 20200526 | 2020-03-31 | yes | |
| TRANSCRIPT | 20200723 | 2020-06-30 | yes | |
| TRANSCRIPT | 20210127 | 2020-12-31 | yes | |
| TRANSCRIPT | 20210507 | 2021-03-31 | yes | |
| TRANSCRIPT | 20210720 | 2021-06-30 | yes | |
| TRANSCRIPT | 20211026 | 2021-09-30 | yes | |
| TRANSCRIPT | 20220125 | 2021-12-31 | yes | |
| TRANSCRIPT | 20220426 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220720 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221025 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230127 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230504 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230725 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231023 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240122 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240502 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240724 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241022 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250122 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250430 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250722 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251024 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260120 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260427 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260720 | 2026-06-30 | yes |
LTTS
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 3,209.10 |
| 52-week range | 3047.7 – 4696.2 |
| Return 1M | -10.06% |
| Return 3M | -3.41% |
| Return 1Y | -23.28% |
| Return 3Y | -32.1% |
| Return 5Y | -33.81% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 2,940.00 |
| Other income | 29.00 |
| Total income | 2,969.00 |
| Cost of materials consumed | 0.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | 0.00 |
| Employee benefit expense | 1,713.00 |
| Finance costs | 14.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.74 | -0.00 |
| institutions foreign | 0.04 | 0.00 |
| institutions domestic | 0.14 | -0.01 |
| mutual funds | 0.04 | -0.01 |
| public | 0.26 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 28 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,995.00 | 2,049.00 | 2,096.00 | 2,301.00 | 2,386.00 | 2,422.00 | 2,538.00 | 2,462.00 | 2,573.00 | 2,653.00 | 2,982.00 | 2,866.00 | 2,980.00 | 2,924.00 | 2,858.00 | 2,940.00 |
| Other income | 39.00 | 74.00 | 50.00 | 48.00 | 41.00 | 62.00 | 56.00 | 62.00 | 65.00 | 34.00 | 49.00 | 68.00 | 66.00 | 33.00 | 55.00 | 29.00 |
| Total income | 2,034.00 | 2,123.00 | 2,146.00 | 2,349.00 | 2,428.00 | 2,484.00 | 2,594.00 | 2,524.00 | 2,638.00 | 2,686.00 | 3,032.00 | 2,934.00 | 3,045.00 | 2,957.00 | 2,913.00 | 2,969.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 1,153.00 | 1,176.00 | 1,166.00 | 1,215.00 | 1,242.00 | 1,254.00 | 1,219.00 | 1,332.00 | 1,385.00 | 1,395.00 | 1,577.00 | 1,591.00 | 1,601.00 | 1,642.00 | 1,682.00 | 1,713.00 |
| Finance costs | 13.00 | 12.00 | 11.00 | 12.00 | 13.00 | 13.00 | 13.00 | 13.00 | 12.00 | 16.00 | 16.00 | 16.00 | 16.00 | 15.00 | 17.00 | 14.00 |
| Depreciation and amortisation | 59.00 | 58.00 | 56.00 | 57.00 | 68.00 | 72.00 | 75.00 | 73.00 | 78.00 | 73.00 | 82.00 | 81.00 | 93.00 | 87.00 | 86.00 | 87.00 |
| Other expenses | 420.00 | 431.00 | 480.00 | 634.00 | 669.00 | 680.00 | 816.00 | 674.00 | 722.00 | 763.00 | 930.00 | 812.00 | 888.00 | 767.00 | 655.00 | 679.00 |
| Total expenses | 1,645.00 | 1,677.00 | 1,714.00 | 1,918.00 | 1,992.00 | 2,019.00 | 2,122.00 | 2,091.00 | 2,197.00 | 2,247.00 | 2,604.00 | 2,501.00 | 2,597.00 | 2,511.00 | 2,440.00 | 2,493.00 |
| Profit before exceptional items and tax | 389.00 | 446.00 | 432.00 | 431.00 | 436.00 | 466.00 | 471.00 | 433.00 | 441.00 | 440.00 | 427.00 | 432.00 | 448.00 | 446.00 | 473.00 | 476.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -35.00 | -37.00 | 0.00 |
| Profit before tax | 389.00 | 446.00 | 432.00 | 431.00 | 436.00 | 466.00 | 471.00 | 433.00 | 441.00 | 440.00 | 427.00 | 432.00 | 448.00 | 410.00 | 436.00 | 476.00 |
| Current tax | 106.00 | 127.00 | 112.00 | 118.00 | 121.00 | 123.00 | 110.00 | 120.00 | 113.00 | 127.00 | 116.00 | 112.00 | 105.00 | 113.00 | 122.00 | 123.00 |
| Deferred tax | 0.00 | 14.00 | 9.00 | 1.00 | -0.00 | 6.00 | 20.00 | -1.00 | 8.00 | -6.00 | 1.00 | 4.00 | 14.00 | -6.00 | -6.00 | 1.00 |
| Tax expense | 106.00 | 141.00 | 121.00 | 119.00 | 120.00 | 129.00 | 130.00 | 119.00 | 121.00 | 120.00 | 117.00 | 116.00 | 119.00 | 107.00 | 116.00 | 124.00 |
| Profit for the period | 283.00 | 305.00 | 311.00 | 312.00 | 316.00 | 337.00 | 341.00 | 314.00 | 320.00 | 320.00 | 310.00 | 316.00 | 329.00 | 303.00 | 333.00 | 357.00 |
| Profit attributable to owners | 282.00 | 304.00 | 310.00 | 311.00 | 315.00 | 336.00 | 341.00 | 314.00 | 320.00 | 322.00 | 311.00 | 316.00 | 329.00 | 303.00 | 332.00 | 357.00 |
| Profit attributable to non-controlling interests | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 | -3.00 | -1.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 |
| Other comprehensive income | -99.00 | -17.00 | 19.00 | 56.00 | -37.00 | -0.00 | 23.00 | 20.00 | -29.00 | -46.00 | 32.00 | -39.00 | -102.00 | -6.00 | -163.00 | 107.00 |
| Total comprehensive income | 184.00 | 288.00 | 330.00 | 369.00 | 279.00 | 337.00 | 364.00 | 334.00 | 291.00 | 274.00 | 342.00 | 277.00 | 227.00 | 298.00 | 170.00 | 464.00 |
| Earnings per share, basic | 26.75 | 28.75 | 29.32 | 29.45 | 29.84 | 31.80 | 32.25 | 29.65 | 30.20 | 30.47 | 29.38 | 29.81 | 31.02 | 28.56 | 31.34 | 33.62 |
| Earnings per share, diluted | 26.68 | 28.66 | 29.22 | 29.38 | 29.76 | 31.72 | 32.16 | 29.57 | 30.12 | 30.40 | 29.32 | 29.77 | 30.97 | 28.52 | 31.29 | 33.59 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 5,078.00 | 5,619.00 | 5,450.00 | 6,570.00 | 8,014.00 | 9,647.00 | 10,670.00 | 10,996.00 |
| Other income | 223.00 | 209.00 | 154.00 | 152.00 | 208.00 | 207.00 | 210.00 | 221.00 |
| Total income | 5,301.00 | 5,828.00 | 5,603.00 | 6,722.00 | 8,222.00 | 9,855.00 | 10,880.00 | 11,217.00 |
| Cost of materials consumed | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Changes in inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Employee benefit expense | 3,179.00 | 3,292.00 | 3,355.00 | 3,650.00 | 4,564.00 | 4,930.00 | 5,688.00 | 6,457.00 |
| Finance costs | 2.00 | 36.00 | 46.00 | 44.00 | 44.00 | 51.00 | 56.00 | 64.00 |
| Depreciation and amortisation | 104.00 | 183.00 | 218.00 | 214.00 | 232.00 | 272.00 | 305.00 | 345.00 |
| Other expenses | 985.00 | 1,217.00 | 1,087.00 | 1,504.00 | 1,739.00 | 2,798.00 | 3,089.00 | 2,604.00 |
| Total expenses | 4,270.00 | 4,728.00 | 4,706.00 | 5,413.00 | 6,578.00 | 8,051.00 | 9,139.00 | 9,470.00 |
| Profit before exceptional items and tax | 1,031.00 | 1,100.00 | 897.00 | 1,309.00 | 1,644.00 | 1,804.00 | 1,741.00 | 1,747.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -72.00 |
| Profit before tax | 1,031.00 | 1,100.00 | 897.00 | 1,309.00 | 1,644.00 | 1,804.00 | 1,741.00 | 1,674.00 |
| Current tax | 252.00 | 227.00 | 230.00 | 357.00 | 456.00 | 472.00 | 476.00 | 437.00 |
| Deferred tax | 11.00 | 51.00 | 1.00 | -9.00 | 14.00 | 26.00 | 2.00 | 7.00 |
| Tax expense | 263.00 | 278.00 | 231.00 | 349.00 | 470.00 | 498.00 | 477.00 | 444.00 |
| Profit for the period | 768.00 | 822.00 | 666.00 | 961.00 | 1,174.00 | 1,306.00 | 1,264.00 | 1,281.00 |
| Profit attributable to owners | 766.00 | 819.00 | 663.00 | 957.00 | 1,170.00 | 1,304.00 | 1,267.00 | 1,279.00 |
| Profit attributable to non-controlling interests | 3.00 | 4.00 | 3.00 | 4.00 | 4.00 | 3.00 | -3.00 | 2.00 |
| Other comprehensive income | 4.00 | -248.00 | 248.00 | 90.00 | -146.00 | 42.00 | -22.00 | -310.00 |
| Total comprehensive income | 773.00 | 574.00 | 915.00 | 1,051.00 | 1,028.00 | 1,348.00 | 1,241.00 | 972.00 |
| Earnings per share, basic | 74.06 | 78.56 | 63.32 | 90.92 | 110.80 | 123.34 | 119.70 | 120.71 |
| Earnings per share, diluted | 72.91 | 77.70 | 62.90 | 90.74 | 110.48 | 123.00 | 119.44 | 120.53 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 6,332.00 | 6,917.00 | 7,711.00 | 8,488.00 | 8,647.00 | 9,644.00 | 9,732.00 | 10,489.00 |
| Non-current assets | 1,718.00 | 1,776.00 | 2,018.00 | 2,258.00 | 2,191.00 | 3,179.00 | 3,129.00 | 3,122.00 |
| Current assets | 4,614.00 | 5,141.00 | 5,693.00 | 6,230.00 | 6,456.00 | 6,464.00 | 6,602.00 | 6,379.00 |
| Property, plant and equipment | 669.00 | 654.00 | 752.00 | 988.00 | 969.00 | 878.00 | 928.00 | 859.00 |
| Capital work-in-progress | 6.00 | 6.00 | 121.00 | 13.00 | 6.00 | 28.00 | 8.00 | 12.00 |
| Goodwill | 599.00 | 601.00 | 603.00 | 604.00 | 604.00 | 1,133.00 | 1,156.00 | 1,203.00 |
| Other intangible assets | 47.00 | 39.00 | 30.00 | 21.00 | 18.00 | 234.00 | 211.00 | 189.00 |
| Inventories | 0.00 | 0.00 | 2.00 | 3.00 | 6.00 | 4.00 | 9.00 | 6.00 |
| Trade receivables | 1,656.00 | 1,730.00 | 2,728.00 | 2,180.00 | 2,309.00 | 2,513.00 | 2,646.00 | 2,015.00 |
| Cash and cash equivalents | 397.00 | 535.00 | 727.00 | 1,122.00 | 907.00 | 1,383.00 | 1,199.00 | 1,650.00 |
| Total equity and liabilities | 6,332.00 | 6,917.00 | 7,711.00 | 8,488.00 | 8,647.00 | 9,644.00 | 9,732.00 | 10,489.00 |
| Equity | 4,468.00 | 4,969.00 | 4,808.00 | 5,348.00 | 5,641.00 | 6,098.00 | 6,207.00 | 6,492.00 |
| Equity share capital | 21.00 | 21.00 | 21.00 | 21.00 | 21.00 | 21.00 | 21.00 | 21.00 |
| Other equity | 4,431.00 | 4,930.00 | 4,768.00 | 5,306.00 | 5,598.00 | 6,059.00 | 6,168.00 | 6,452.00 |
| Total liabilities | 1,865.00 | 1,948.00 | 2,902.00 | 3,141.00 | 3,006.00 | 3,546.00 | 3,524.00 | 3,997.00 |
| Non-current liabilities | 447.00 | 434.00 | 501.00 | 604.00 | 601.00 | 556.00 | 657.00 | 761.00 |
| Current liabilities | 1,417.00 | 1,514.00 | 2,401.00 | 2,537.00 | 2,406.00 | 2,990.00 | 2,867.00 | 2,572.00 |
| Borrowings, non-current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Borrowings, current | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Trade payables | 392.00 | 450.00 | 1,283.00 | 1,412.00 | 1,410.00 | 1,622.00 | 1,721.00 | 937.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 574.00 | 1,305.00 | 570.00 | 1,493.00 | 374.00 | 1,481.00 | 481.00 | 1,455.00 |
| Net cash from investing activities | -194.00 | -572.00 | 25.00 | -233.00 | -162.00 | -509.00 | -203.00 | -443.00 |
| Net cash from financing activities | -220.00 | -443.00 | -390.00 | -658.00 | -441.00 | -718.00 | -502.00 | -800.00 |
| Purchase of property, plant and equipment | 123.00 | 176.00 | 143.00 | 253.00 | 65.00 | 112.00 | 66.00 | 185.00 |
| Net increase in cash | 159.00 | 290.00 | 205.00 | 602.00 | -228.00 | 254.00 | -224.00 | 267.00 |
| con:CFO.BEFORE_TAX | 735.00 | 1,903.00 | 798.00 | 2,070.00 | 612.00 | 2,046.00 | 636.00 | 1,974.00 |
| con:INTEREST_RECEIVED.OPERATING | 38.00 | -88.00 | 0.00 | -52.00 | 0.00 | -72.00 | 0.00 | -107.00 |
| con:INTEREST_PAID.OPERATING | -24.00 | 43.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 223.00 | 467.00 | 227.00 | 526.00 | 238.00 | 493.00 | 155.00 | 411.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 110.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 984.00 | 115.00 | -227.00 | 200.00 | 122.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | 3.00 | 2.00 | 0.00 | 18.00 | 0.00 | 2.00 | 10.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 798.00 | 798.00 | 0.00 | 736.00 | 0.00 | 141.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 73.85 | 73.80 | 73.77 | 73.75 | 73.74 | 73.69 | 73.69 | 73.66 | 73.66 | 73.59 | 0.74 | 0.74 | 0.74 | 0.74 |
| Domestic institutions | 8.64 | 10.61 | 11.01 | 11.57 | 12.33 | 13.31 | 13.96 | 14.30 | 13.68 | 13.88 | 0.14 | 0.15 | 0.15 | 0.14 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 4.09 | 0.04 | 0.04 | 0.04 | 0.04 |
| Insurance companies | 6.39 | 7.83 | 8.10 | 8.37 | 9.01 | 9.19 | 9.13 | 9.11 | 9.27 | 9.29 | 0.10 | 0.10 | 0.10 | 0.10 |
| Foreign institutions | 6.69 | 5.31 | 5.90 | 5.63 | 5.51 | 4.46 | 4.35 | 4.19 | 5.18 | 4.84 | 0.05 | 0.04 | 0.04 | 0.04 |
| Government | — | — | — | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 |
| Public | 26.15 | 26.20 | 26.23 | 26.25 | 26.26 | 26.31 | 26.31 | 26.34 | 26.34 | 26.41 | 0.26 | 0.26 | 0.26 | 0.26 |
| Non-institutional | 10.83 | 10.28 | 9.32 | 9.05 | 8.41 | 8.54 | 8.01 | 7.86 | 7.48 | 7.69 | 0.08 | 0.08 | 0.08 | 0.08 |
| Shares outstanding | 105608142 | 105667778 | 105709642 | 105742642 | 105753842 | 105829308 | 105837533 | 105873143 | 105879693 | 105974418 | 105985693 | 105989318 | 105998143 | 106068593 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Larsen & Toubro Limited | Holding Company | Any other transaction, Dividend paid, Purchase of go | 4,688,300,000.00 | 14 |
| L&T Technology Services LLC | Wholly owned subsidiary | Any other transaction, Purchase of goods or services | 1,860,400,000.00 | 8 |
| The Larsen & Toubro Officers and Supervisory Staff Provi | Post-employment benefit plan | Any other transaction | 1,657,000,000.00 | 3 |
| LTIMindtree Limited | Fellow Subsidiary | Any other transaction, Purchase of goods or services | 1,123,200,000.00 | 9 |
| L&T Technology Services Ltd. Employees Group Gratuity As | Post-employment benefit plan | Any other transaction | 788,800,000.00 | 3 |
| L&T Realty Developers Limited | Fellow Subsidiary | Any other transaction | 340,200,000.00 | 5 |
| L&T Thales Technology Services Private Limited | Subsidiary | Any other transaction, Sale of goods or services | 232,800,000.00 | 3 |
| Mr. Amit Chadha | Key Managerial Personnel of the en | Any other transaction | 113,900,000.00 | 1 |
| L&T - MHI Power Boilers Private Limited | Joint Venture of Holding Company | Any other transaction, Sale of goods or services | 46,500,000.00 | 2 |
| L&T Semiconductor Technologies Limited | Fellow Subsidiary | Any other transaction | 38,700,000.00 | 2 |
| Mr. Abhishek Sinha | Key Managerial Personnel of the en | Any other transaction | 33,600,000.00 | 1 |
| Non Executive Directors | Key Managerial Personnel of the en | Any other transaction | 29,700,000.00 | 2 |
| L&T Energy Hydrocarbon Engineering Ltd. | Fellow Subsidiary | Any other transaction, Sale of goods or services | 28,600,000.00 | 2 |
| Mr. Rajeev Gupta | Key Managerial Personnel of the en | Any other transaction | 26,100,000.00 | 1 |
| Graphene Solutions Taiwan Limited | Wholly owned subsidiary | Any other transaction, Purchase of goods or services | 22,400,000.00 | 4 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-07-20 | Q1FY27 | Read the call | |
| 2026-04-27 | Q4FY26 | Read the call | |
| 2026-01-20 | Q3FY26 | Read the call | |
| 2025-10-24 | Q2FY26 | Read the call | |
| 2025-07-22 | Q1FY26 | Read the call | |
| 2025-04-30 | Q4FY25 | Read the call | |
| 2025-01-22 | Q3FY25 | Read the call | |
| 2024-10-22 | Q2FY25 | Read the call | |
| 2024-07-24 | Q1FY25 | Read the call | |
| 2024-05-02 | Q4FY24 | Read the call | |
| 2024-01-22 | Q3FY24 | Read the call | |
| 2023-10-23 | Q2FY24 | Read the call | |
| 2023-07-25 | Q1FY24 | Read the call | |
| 2023-05-04 | Q4FY23 | Read the call | |
| 2023-01-27 | Q3FY23 | Read the call | |
| 2022-10-25 | Q2FY23 | Read the call | |
| 2022-07-20 | Q1FY23 | MR. ABHISHEK – COO, | Read the call |
| 2022-04-26 | Q4FY22 | MR. ABHISHEK – COO, | Read the call |
| 2022-01-25 | Q3FY22 | MR. ABHISHEK – COO, | Read the call |
| 2021-10-26 | Q2FY22 | MR. ABHISHEK – COO, | Read the call |
| 2021-07-20 | Q1FY22 | MR. ABHISHEK – COO, | Read the call |
| 2021-05-07 | Q4FY21 | MR. ABHISHEK – COO, | Read the call |
| 2021-01-27 | Q3FY21 | Read the call | |
| 2020-07-23 | Q1FY21 | Read the call | |
| 2020-05-26 | Q4FY20 | Read the call | |
| 2020-01-29 | Q3FY20 | Read the call | |
| 2019-10-24 | Q2FY20 | Read the call | |
| 2019-07-26 | Q1FY20 | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY26 | Q4FY20 | Q4FY21 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | See, what's happening is there are huge capex spends that are happening in the Data center build-up and the Energy build-up area in the US and that is… | — | Both in O&G and Chemicals, we continue to see deals in the sustenance engineering space around plant digitization, engineering value center set up etc… | — | Now these contracts had a high Capex element to start off with and now we are entering into the Opex or the services part on these contracts. | — | — | This was filed in the stock exchanges earlier last week. • The Industrial subsegment is benefiting from capex tailwinds in AI-led Datacenter spending … |
| Capital allocation | And last is around the Intelliswift acquisition. | — | We also had 70 basis points benefit from lower amortization in Q4 compared to Q3. Q3 had higher intangible related amortization due to the Orchestra a… | — | They were brought on board right after we announced the acquisition in January and then we hired them in anticipation of closure. | So, are we essentially planning to Q4 FY24 Earnings Call April 25, 2024 do an acquisition through the course of this year to simply get to that milest… | Is this just because of the Intelliswift acquisition or has there been any other strategic shift in terms of your onsite/offshore revenue mix? | Rajeev will share more details in his commentary • Sustainability grew sequentially, continuing with its double-digit YoY growth momentum and Mobility… |
| Costs | — | He has a product now where the people are there right now working on it and then there is a cost pressure. | — | — | — | — | — | — |
| Debt and cash | The billed DSO also improved to 91 days as compared to 94 days in Q2. Our Free Cash Flows improved further over the quarter to ₹ 470 crores due to con… | — | We continued to generate good L&T Technology Services Q4 FY21 Earnings Call May 3, 2021 free cash flow which has risen to a record high of ₹1,252 cror… | Having said that, yes at about 102, we continue to work upon it, but despite the fact that DSO is where it is, our free cash flows are at 89-90% of PA… | On the Free Cash Flows, like I said earlier, for FY23, we came in at 97% Free Cash Flow over PAT. | — | — | In FY26, Free Cash Flow came in at ₹ 1,280 crores. |
| Demand | Based on our interactions, we believe CY26 holds promise as macro situation improves and demand, particularly in new-age technology areas, continues t… | Just a question on the deal activity, your commentary sounds little optimistic in terms of the deal wins in the quarter as well as the pipeline and wh… | Our large deal pipeline and conversions remains robust - in Q4, we won 7 deals across all segments out of which two deals have TCV of $25 million plus… | Number 2 is that we do see deal velocity has picked up for us through the year, and like I mentioned, our pipeline is at an all-time high. | And as I go forward, you will see a lot more exciting wins in this area because the pipeline is great. | There was a lot of demand on creating solutions around virtualization, cloud-native frameworks. | So, in this vertical we have seen one large deal of $50 million in SDV space and you also mentioned that there are further deals in SDV, which you are… | We are well positioned to benefit from these as we go forward with a number of deals in the pipeline In summary, the Mobility segment is showing early… |
| Guidance | In summary, the Mobility segment is witnessing green shoots, and we expect to see continued growth momentum in CY26 due to better ramp-up on large dea… | And secondly, when it comes to margin, we don't give a specific margin guidance. | I think the other interesting part is whichever way you look at it, we anticipated, I shouldn’t say anticipated, but we didn’t want to be blinded this… | So, one question and partly answered by Abhishek in the previous answer, but it seems like our guidance, it seems like there is no challenge on the de… | If I look at organic guidance at 10%, seems a bit weak, given the momentum we have seen in four of the five verticals in the 4Q numbers. | So, do you believe this guidance is a reflection of that and or do you believe the macro has changed a bit since then which led us to Q4 FY24 Earnings… | The other thing is on the guidance of double-digit growth in next year. | We expect sustained momentum in CY26, driven by a robust pipeline and stronger deal ramp-ups of the large deals. |
| Margin | I will start with the key highlights for Q3 FY26: • Our sustained focus on building strong pipeline and ‘Go Deeper to Scale’ strategy has helped in la… | But all of you are aware of the fact, and that is also demonstrated in the segment result part of it, margin is, I would say, more of a function of wh… | Operationally, we had a good performance with EBIT margin at 16.6% which like our revenue, is better than the pre-Covid Q4FY20 quarter. | — | Rajeev, this is on the segmental margin against Telecom and Hitech, which has historically always lagged. | Can you elaborate on what kind of investments and costs we are going to bring, which is driving this 100bps drop in margin for FY25? | The second, Amit is that I mean it's related to the margin impact itself because it looks like the 150 bps was if the full quarter integration was the… | The subdued revenues in Tech segment reflect the conscious exit from nonstrategic businesses where we have also incurred some one-time expenses on acc… |
| People | And looks like, well, we have cut down these businesses, the headcount is still pretty flattish. | — | The improvement was driven by a combination of better utilization, higher offshore revenue mix and improvement in operational efficiency, partly offse… | We clearly saw a few quarters back, at least more than a year back, I would say, that the way the industry is moving, including the attrition part, if… | — | — | — | Headcount improved sequentially by 522 to 23,830 at year-end as we onboarded freshers during the quarter. |
| Pricing | — | And has there been any higher aggression from clients on pricing in such deals? | — | Just one question, I wanted to get your idea on how we are looking at the business in terms of the commodity price hike and the growing inflation. | — | — | Firstly, in terms of the large deals that you've signed, is there any change in terms of pricing or timelines for these deals vs the deals that you we… | Because on the IT services side, we do hear a lot of ask from clients for productivity pass-through the pricing discounts. |
| Revenue growth | Q3 FY26 Earnings Call January 15, 2026 Moving to Q3 FY26 financials, starting with P&L: Our revenue for the quarter came in at ₹ 2,924 crores, a growt… | And those segments we are prioritizing so that we can bring back our revenue growth. | we had a sequential growth of 6.5% led by Auto and Trucks & Off Highway, while Aero and Defense had a marginal growth. | So, if you can just help with the pulls and pushes of the revenue growth over FY23, the impact of macro and does this imply that your long-term growth… | As we always say, top line – vanity, bottom line – sanity, cash – reality, you will see a lot of these companies doing well and coming to rescue in th… | — | Karan, as far as the margin, I think first, like I've highlighted, right, and of course I think you read that; the Tech margins had the impact of Inte… | Now let me share the key highlights for FY26: Q4FY26 Earnings Call April 22, 2026 • In FY26, the total revenue, including continued and discontinued o… |