{"id":173159,"date":"2026-01-15T07:53:13","date_gmt":"2026-01-15T12:53:13","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=173159"},"modified":"2026-01-15T07:53:13","modified_gmt":"2026-01-15T12:53:13","slug":"lt-technology-services-q3-fy26-earnings-results","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/lt-technology-services-q3-fy26-earnings-results\/","title":{"rendered":"L&amp;T Technology Services Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>LTTS is an engineering services provider incorporated in 2012, offers engineering,, research and development (ER&amp;D) and digitalization solutions to companies in the areas such as Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices and Plant Engineering. LTTS\u2019 customer base includes 69 Fortune 500 companies and 53 of the world\u2019s top ER&amp;D companies. The business also provides digital engineering advisory services. The company went public on September 23, 2016. LTTS has 296 global clients in 25+ countries.<\/p>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Q3 FY26 Earnings Results<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b92,923.5 crore, up 10.2% YoY from \u20b92,653 crore; down 1.8% QoQ from \u20b92,979.5 crore in Q2 FY26.<\/li>\n\n\n\n<li>USD Revenue: USD 326.3 million, up 4.6% YoY.<\/li>\n\n\n\n<li>EBIT: \u20b9426.7 crore, up about 7% QoQ from \u20b9397.8 crore in Q2 FY26; EBIT margin 14.6%, expanding 120 bps QoQ from 13.4%.<\/li>\n\n\n\n<li>Profit After Tax (reported): \u20b9302.6 crore, down ~6\u20138% YoY from \u20b9322.4 crore and down 7.9% QoQ from ~\u20b9329 crore, due to a labour\u2011code related exceptional charge of about \u20b935.4 crore (\u20b9354 million).<\/li>\n\n\n\n<li>Profit After Tax (underlying \/ ex\u2011labour code): Around \u20b9329 crore, up roughly 2% YoY, indicating underlying profit growth when adjusted for the one\u2011off provision.<\/li>\n\n\n\n<li>Order book \/ deals: Q3 marked the fifth consecutive quarter with large\u2011deal TCV above USD 200 million, underlining sustained deal\u2011win momentum.<\/li>\n\n\n\n<li>Headcount: 23,639 employees as of Q3 FY26.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Management Commentary &amp; Strategic Decisions \u2013 Q3 FY26<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management noted that <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/6a5e4b92-8447-46a7-bd7c-540b8b15ba34.pdf\" target=\"_blank\" rel=\"noopener\">revenue grew double\u2011digit<\/a> YoY while EBIT margin expanded to 14.6%, supported by a better mix, operating efficiencies and disciplined cost control, even as reported PAT was impacted by the New Labour Codes provision.<\/li>\n\n\n\n<li>The CEO highlighted continued strength in large deals, with average quarterly TCV of ~USD 200 million for five straight quarters, reflecting strong client confidence in LTTS\u2019s engineering and digital offerings.<\/li>\n\n\n\n<li>Segment trends:\n<ul class=\"wp-block-list\">\n<li>Mobility: Showing early signs of turnaround despite a seasonally soft quarter.<\/li>\n\n\n\n<li>Sustainability: Continued to grow at double\u2011digit rates YoY for yet another quarter, remaining a key growth pillar.<\/li>\n\n\n\n<li>Tech &amp; Platforms: Remained resilient, backed by demand in software, platforms and digital engineering.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Strategic focus areas reiterated:\n<ul class=\"wp-block-list\">\n<li>Doubling down on value\u2011accretive, high\u2011growth, high\u2011margin areas such as Sustainability, Mobility, AI\/Gen\u2011AI and digital engineering, as part of the multi\u2011year \u201cLakshya\u201d plan.<\/li>\n\n\n\n<li>Sharpening focus on \u201cEngineering Intelligence\u201d \u2013 integrating physical engineering with AI and analytics to drive full\u2011stack solutions for clients.<\/li>\n\n\n\n<li>Continued emphasis on margin expansion through better pyramid, offshore leverage, SG&amp;A discipline and portfolio mix, even as the company guides for mid\u2011single\u2011digit overall growth in FY26.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"839\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/LT-Technology-Services-Q3-FY26-Earnings-Results-839x1024.png\" alt=\"L&amp;T Technology Services Q3 FY26 Earnings Results\" class=\"wp-image-173160\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/LT-Technology-Services-Q3-FY26-Earnings-Results-839x1024.png 839w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/LT-Technology-Services-Q3-FY26-Earnings-Results-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/LT-Technology-Services-Q3-FY26-Earnings-Results-768x937.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/LT-Technology-Services-Q3-FY26-Earnings-Results-1259x1536.png 1259w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/LT-Technology-Services-Q3-FY26-Earnings-Results.png 1489w\" sizes=\"auto, (max-width: 839px) 100vw, 839px\" \/><\/figure>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Q2 FY26 Earnings Results<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Revenue from Operations: \u20b92,979.5 crore, up 15.8% YoY and 4.0% QoQ.<\/li>\n\n\n\n<li>USD Revenue: USD 337 million, up 10.4% YoY and 1.3% QoQ in constant currency.<\/li>\n\n\n\n<li>EBIT: \u20b93,995 crore equivalent in \u20b9 million terms (\u20b93,995 million), with EBIT margin at 13.4%, up 10 bps QoQ.<\/li>\n\n\n\n<li>Profit After Tax (PAT): \u20b9328.7 crore, up 2.8% YoY from ~\u20b9320 crore and up 4.1% QoQ from ~\u20b9316 crore in Q1 FY26.<\/li>\n\n\n\n<li>Headcount: Around 23,678 employees; LTM attrition ~14.8%, indicating stabilising workforce metrics.<\/li>\n\n\n\n<li>Large deals: Record high large\u2011deal TCV of nearly USD 300 million in Q2, including one deal above USD 100 million.<\/li>\n<\/ul>\n\n\n\n<div style=\"height:33px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Management Commentary &amp; Strategic Directions \u2013 Q2 FY26<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management pointed to broad\u2011based revenue growth across verticals, with INR revenue up ~16% YoY and 4% QoQ, supported by steady traction in digital and engineering\u2011led transformation deals.<\/li>\n\n\n\n<li>EBIT margin at 13.4% was supported by operating leverage, contained SG&amp;A at ~11.5% of revenue, and stable gross margins, despite continued investment in growth and talent.<\/li>\n\n\n\n<li>Strategic themes stressed in Q2:\n<ul class=\"wp-block-list\">\n<li>Strong momentum in AI\u2011powered engineering, EV, sustainability and digital engineering solutions across industrial, automotive, telecom and software &amp; platform clients.<\/li>\n\n\n\n<li>Reinforcing the \u201cGo Deeper to Scale\u201d and multi\u2011segment strategy to deepen client relationships and drive larger, multi\u2011year deals.\u200b<\/li>\n\n\n\n<li>Maintaining a positive outlook for FY26 with a focus on double\u2011digit growth over the medium term and a medium\u2011term revenue aspiration of around USD 2 billion.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LTTS is an engineering services provider incorporated in 2012, offers engineering,, research and development (ER&amp;D) and digitalization solutions to companies in the areas such as Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices and Plant Engineering. LTTS\u2019 customer base includes 69 Fortune 500 companies and 53 of the world\u2019s top ER&amp;D companies. The business also [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":173160,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,8],"tags":[8532],"class_list":["post-173159","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-infographics","category-technology-stocks","tag-technology"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/LT-Technology-Services-Q3-FY26-Earnings-Results.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":171617,"url":"https:\/\/alphastreet.com\/india\/ltts-q2-fy26-earnings-results\/","url_meta":{"origin":173159,"position":0},"title":"LTTS Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 17, 2025","format":false,"excerpt":"LTTS is an engineering services provider incorporated in 2012, offers engineering,, research and development (ER&D) and digitalization solutions to companies in the areas such as Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices and Plant Engineering. LTTS\u2019 customer base includes 69 Fortune 500 companies and 53 of the world\u2019s top\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"LTTS Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/LTTS-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/LTTS-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/LTTS-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/LTTS-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/LTTS-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/LTTS-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170858,"url":"https:\/\/alphastreet.com\/india\/lt-technology-services-q1-fy26-earnings-results\/","url_meta":{"origin":173159,"position":1},"title":"L&#038;T Technology Services Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"September 2, 2025","format":false,"excerpt":"LTTS is an engineering services provider incorporated in 2012, offers engineering,, research and development (ER&D) and digitalization solutions to companies in the areas such as Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices and Plant Engineering. LTTS\u2019 customer base includes 69 Fortune 500 companies and 53 of the world\u2019s top\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"L&T Technology Services Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/7.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/7.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/7.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/7.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/7.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/7.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":160537,"url":"https:\/\/alphastreet.com\/india\/l-7-rise-in-revenue\/","url_meta":{"origin":173159,"position":2},"title":"L&#038;T Technology Services Ltd Q4FY24; 7% rise in Revenue","author":"Chirag Gupta","date":"April 25, 2024","format":false,"excerpt":"LTTS is an engineering services provider incorporated in 2012, offers engineering, research and development (ER&D) and digitalization solutions to companies in the areas such as Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices and Plant Engineering. LTTS\u2019 customer base includes 69 Fortune 500 companies and 53 of the world\u2019s top\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/04\/image-43.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/04\/image-43.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/04\/image-43.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/04\/image-43.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/04\/image-43.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/04\/image-43.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":166763,"url":"https:\/\/alphastreet.com\/india\/l-6-fall-in-profits\/","url_meta":{"origin":173159,"position":3},"title":"L&#038;T Technology Services Ltd Q3FY25; 6% fall in Profits","author":"Chirag Gupta","date":"February 10, 2025","format":false,"excerpt":"LTTS is an engineering services provider incorporated in 2012, offers engineering,, research and development (ER&D) and digitalization solutions to companies in the areas such as Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices and Plant Engineering. LTTS\u2019 customer base includes 69 Fortune 500 companies and 53 of the world\u2019s top\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/2-5.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/2-5.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/2-5.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/2-5.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/2-5.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/02\/2-5.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":168588,"url":"https:\/\/alphastreet.com\/india\/l-9-fall-in-profits\/","url_meta":{"origin":173159,"position":4},"title":"L&#038;T Technology Services Ltd Q4FY25; 9% fall in Profits","author":"Chirag Gupta","date":"May 30, 2025","format":false,"excerpt":"LTTS is an engineering services provider incorporated in 2012, offers engineering,, research and development (ER&D) and digitalization solutions to companies in the areas such as Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices and Plant Engineering. LTTS\u2019 customer base includes 69 Fortune 500 companies and 53 of the world\u2019s top\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/05\/2-15.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/05\/2-15.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/05\/2-15.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/05\/2-15.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/05\/2-15.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/05\/2-15.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":165626,"url":"https:\/\/alphastreet.com\/india\/l-5-fall-in-profits\/","url_meta":{"origin":173159,"position":5},"title":"L&#038;T Technology Services Ltd Q2FY25; 5% fall in Profits","author":"Chirag Gupta","date":"November 14, 2024","format":false,"excerpt":"LTTS is an engineering services provider incorporated in 2012, offers engineering,, research and development (ER&D) and digitalization solutions to companies in the areas such as Transportation, Industrial Products, Telecom and Hi-Tech, Medical Devices and Plant Engineering. LTTS\u2019 customer base includes 69 Fortune 500 companies and 53 of the world\u2019s top\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/11\/download-13.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/11\/download-13.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/11\/download-13.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/11\/download-13.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/11\/download-13.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/11\/download-13.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/173159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=173159"}],"version-history":[{"count":1,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/173159\/revisions"}],"predecessor-version":[{"id":173161,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/173159\/revisions\/173161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/173160"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=173159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=173159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=173159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}