{"id":181763,"date":"2026-04-22T11:38:36","date_gmt":"2026-04-22T15:38:36","guid":{"rendered":"https:\/\/alphastreet.com\/india\/lt-technology-services-ltd-ltts-q4-2026-earnings-call-transcript\/"},"modified":"2026-04-22T11:44:41","modified_gmt":"2026-04-22T15:44:41","slug":"lt-technology-services-ltd-ltts-q4-2026-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/lt-technology-services-ltd-ltts-q4-2026-earnings-call-transcript\/","title":{"rendered":"L&T Technology Services Ltd (LTTS) Q4 2026 Earnings Call Transcript"},"content":{"rendered":"

Note:<\/strong> This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon.<\/em><\/p>\n

L&T Technology Services Ltd (NSE: LTTS) Q4 2026 Earnings Call dated Apr. 22, 2026<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Sandesh Naik<\/strong> \u2014 Head of Investor Relations<\/em><\/p>\n

Amit Chadha<\/strong> \u2014 CEO & MD<\/em><\/p>\n

RAJEEV GUPTA<\/strong> \u2014 CFO<\/em><\/p>\n

Analysts:<\/h2>\n

Nitin Padmanabhan<\/strong> \u2014 Analyst<\/em><\/p>\n

Unidentified Participant<\/strong><\/p>\n

Shraddha Agarwal<\/strong> \u2014 Analyst<\/em><\/p>\n

Presentation:<\/h2>\n

Operator<\/strong><\/p>\n

Ladies and gentlemen, Good day and welcome to the Q4FY26 conference call of LNT Technology Services Ltd. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing Star and then zero on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Sandesh Naik, head of Investor Relations.<\/p>\n

Thank you. And over to you, Mr. Sandesh.<\/p>\n

Sandesh Naik<\/strong> \u2014 Head of Investor Relations<\/em><\/p>\n

Thank you. Sagar. Hello everyone. I am Sandesh. And welcome to the Earnings call of LNT Technology Services for the fourth quarter of FY26. Our financial results, investor release and press release have been filed on the stock exchanges and are also available on our website www.ltts.com. I hope you have had a chance to go through them. This call is for 60 minutes. We will try to wrap up the management remarks in 20 minutes and then open up for Q and A. The audio recording of this call will be available on our website about and half an hour after the call.<\/p>\n

Ins with that, let me introduce the leadership team present on this call. We have with us Amit Chadha, CEO and MD Alin Saxena, Executive Director and President Rajiv Gupta, CFO and Moonjay Singh, coo. We will begin with Amit providing an overview of the company’s performance and outlook followed by Rajiv who will walk you through the financial performance. I now invite Amit for his opening remarks.<\/p>\n

Amit Chadha<\/strong> \u2014 CEO & MD<\/em><\/p>\n

Perfect audible. Clear,<\/p>\n

Sandesh Naik<\/strong> \u2014 Head of Investor Relations<\/em><\/p>\n

Loud and clear.<\/p>\n

Amit Chadha<\/strong> \u2014 CEO & MD<\/em><\/p>\n

So thank you. So thank you all for joining us on the call today on a very busy results day. First of all, I would like to congratulate and welcome our CFO Rajiv Gupta as Executive Director and Chief Financial Officer on the Board of Directors of ltts. I would also like to extend a Warm welcome to Mr. Abitab Kant on his appointment as an Independent Director on the Board of ltts. We are delighted to have him join the board. A governance reformer and public policy change agent, Mr. Kant also serves on the Board of directors of the LNT Group.<\/p>\n

Now let me share the key highlights for FY26. In FY26, the total revenue including continued and discontinued operations grew 5% to $1.321 billion. As indicated in the previous quarter the SWC business has been classified as continued discontinued going forward and therefore the revenue from continued operations delivered a higher growth of 8.3% at 1, 2, 3 $3 million. Here on we will only talk about the continued operations Sustainability continued to do well with 12.8% growth while tech including IntelliSwift grew 19.7%.<\/p>\n

North America did well with a growth of 12%. All other GEOs showed positive growth. Our FY26 large deal wins came up at $855 million, up 40% over the previous year. Now let me provide you key highlights for quarter four. FY26 revenue was $306 million, grew 0.3 annually while we degrew 1.7% sequentially reflecting a deliberate shift towards improving the quality of revenue over the last two quarters with strategic portfolio rationalization leading to a more resilient business baseline. This is as we had informed you during the Q3 results call.<\/p>\n

This is reflected in our ebit margin expanding by 40bps sequentially to 15.2% second quarter in a row. Rajiv will share more details in his commentary. Sustainability grew sequentially continuing with its double digit year on year growth, momentum and mobility remained steady. Our large deal win continued its momentum with a healthy TCV of $182 million in the quarter, reflecting our deep client relationships and validation of our new technology investments. We finalized our Lakshya 31 plan and completed the strategic portfolio realignment exercise resulting in pruning businesses based on regional focus and offerings and divestment of SWC business to pivot on engineering intelligence and core AI led digital engineering services.<\/p>\n

Let me now provide you a segment performance and outlook. Mobility the mobility segment remained steady with revenues almost flat on a sequential basis. Over 40% of our large deal wins in Q4 were in the mobility segment indicating a turnaround in CY and for CY26. We see momentum in auto sub segment, particularly North American Automotive showing good growth over the previous quarter. Aero and rail subsegment has been resilient while trucks and off highway has been slightly subdued. We are gaining traction significantly in optimizing products and software lifecycles through generative AI and agentic AI LED delivery models, enhancing enablement of product experience for end customers.<\/p>\n

A Global Premier Technology Group selected ltds as a Strategic Engineering partner to drive digital transformation across its entities and establish a high value engineering hub with us. Second LTTS entered into a strategic collaboration to establish a center of excellence for next generation recreational marine solutions, leveraging its cross domain expertise in software defined vehicles, electrification AI and digital engineering. Finally, LTD was selected as a Strategic Partner for Cargo Logistics major to develop next gen air mobility solutions, leveraging LTDS’s capabilities across aerospace engineering, electrification manufacturing to accelerate aircraft readiness.<\/p>\n

From a Geo standpoint, the US market, particularly automotive, is seeing positive traction with increased investments in SDV technology and we have been gaining market share in Japan. Steady wins in programs for future model launches has led to our growth in our geography for European oem, cost optimization remains a priority through strategic partnerships. We are well positioned to benefit from these as we go forward with a number of these in the pipeline. In summary, mobility segment is showing early signs of growth.<\/p>\n

We expect sustained momentum in CY26 driven by a robust pipeline and stronger deal ramp ups of the large deals. Moving on to our second segment of sustainability, sustainability grew 11% year on year on the back of strong execution of deals that we have won in the previous quarters. Over 50% of large deals wins in Q4 were in the segment ensuring strong momentum growth. This segment established its strong credentials by forging a strategic partnership with a leading global energy major to be its engineering service and technology partner for digital expertise in India with 500 plus engineers.<\/p>\n

This was filed in the stock exchanges earlier last week. The industrial subsegment is benefiting from CAPEX tailwinds in AI led data center spending globally combined with our strong engineering capabilities in power electronics embedded systems expertise enabling cross domain solutions combined with EI which integrate digital automotive automation and AI powered platforms across PDLC offerings. The energy and automation and industrial machinery sector continue to see strong demand with re industrialization of the US supported by a healthy pipeline in asset management and backed by large deal wins.<\/p>\n

Plant engineering is a subsegment of sustainability. Demand continues to hold steady across EPD and ong. We were selected by a leading oil and gas operator for strategic initiative to build digital foundation across global assets enabling engineering operations and digital transformation. We were awarded a multi year program by a North American energy major for data modernization and asset integrity support across onshore operations leveraging advanced digital platforms across multiple geographies.<\/p>\n

We expect the growth momentum to continue for sustainability segment across both industrial and plant on the back of ramp up in large deals and strong pipeline. Moving on to Tech as mentioned earlier, we have recalibrated our business in this segment to focus on profitable growth driven by forward looking technologies. The subdued revenues in tech segment reflect the conscious exit from nonstrategic businesses where we have also incurred some onetime expenses on account of the same. The media and tech subsegment is rapidly evolving with strong focus on AI led platform centric offerings resulting in execution of more high end and high margin work for our clients.<\/p>\n

We do see growth in semiconductor intel infra accounts. While media business has been steady deal wins, we have won the Previous quarters in the telecom and sempon subsegment have been steadily ramping up the MedTech segment sub segment the deal momentum is evolved through ramp ups in certain new accounts, strategic programs and deeper relationships. We have secured multiple design and development mandates in human biologics and drug delivery devices from two leading global pharmaceutical companies.<\/p>\n

We also partnered with top 10 new based medical device manufacturer to bring camera based AI intelligence to the operating room. This subsegment grew in line with company revenue annually. The software and platform subsegment which includes IntelliSwift is leading our engineering intelligence framework for data driven intelligence and automation. A large encampment received from a leading hyperscaler is expected to start ramping up Q1 onwards let me now cover a bit on our technology quotient. EI or Engineering Intelligence is LTTS approach to embedding AI across products processes Next gen manufacturing translating deep engineering expertise into reliable real world outcomes.<\/p>\n

Powered by multimodal, agentic and ED AI, EI delivers autonomous production grade systems driving differentiated high value outcome reflected in our large deal wins. LTTS has also strengthened its partnership with MIT Media Labs to explore and incubate forward looking technologies such as multi sensory intelligence, signal kinetics and personal robotics. We have surpassed the 1700 mark in our patent filings for FY26A. Congratulations to all our employees and technologists including 673 patents filed by LTTS and 1033 co founder with clients.<\/p>\n

Of these 237 patents now are in AI and GENAI alone. Finally let me share a glimpse of our Lakshya 31 plan and the way forward. After careful consideration and deep analysis of the futuristic technologies and evolving market needs, LTTS has defined its course for the next five years. The company is doubling down across technology, manufacturing and industrial domains under its five year Strategic Laksha Plan. Ltds is sharpening its focus with six large technology bets including EI which will accelerate growth further in the three segments of Mobility, sustainability and tech while consolidating our position as a global engineering intelligence partner for our clients.<\/p>\n

Our six bets are software defined Mobility, Plant build out and modernization, Energy and Industrial Automation, Digital manufacturing, Next gen compute and AI infrastructure software platforms in AI and MedTech. These are the six bets that we have bet on to ensure strong execution of Laksha31 strategy. We have reorganized and promoted our leadership from within to sharpen accountability, deepen segment focus and accelerate market share gains through a differentiated growth approach. To this end I already shared with you the elevation of Rajiv on the board.<\/p>\n

Additionally Alan Saxena who is currently Executive Director and President for Mobility and Tech, will take responsibility for strategic initiatives, large deals and growth markets. In his role he will drive scale to deals, bringing in additional revenues and growth to the company as well as drive partnerships and complex deal wins. Sugar Tripathi, who was in the company for more than 15 years and has led our plant engineering portfolio as segment head, will now lead the entire sustainability segment IT PE and is being promoted to Chief Growth Officer Sustainability strengthening our play in energy, physical AI, automation, plant and manufacturing modernization.<\/p>\n

Finally, Srinath Nagarur, who’s been in the company again for six plus years, will be promoted to Chief Growth Officer for Mobility and Medtech, driving growth across software defined technologies in Mobility as well as advancing remote diagnostics, robotics and gen AI agentic AI led solutions in the medtech space. SRI in his past has worked on mobility, medical and Tech all the three phases and bring that rich experience. All these leaders have been part of the LTTS executive management team for between six to 15 years and bring the right blend of energy, experience, humbleness and strong client relationships to accelerate our growth agenda.<\/p>\n

Now about moving on to outlook. The last five years saw LTTs grow at 12.4% CAGR, outpacing industry growth of 8% as per Zinov estimates. We believe we continue to be in a position to grow faster than the industry over the medium term, supported by strong core capabilities and execution discipline on revenue and margins. We remain cautiously optimistic. In the near term and as part of our five year Lakshya 31 plan, we aspire to deliver 13 to 15% CAGR over the next five years with EBIT margins in the range of 16 to 17%.<\/p>\n

With that said, I would like to truly thank all of you for the support that you provided me over these last five years. I look forward to the next five and would now hand over to Rajiv to provide his commentary and then we’ll stay back for questions. Thank you so much.<\/p>\n

RAJEEV GUPTA<\/strong> \u2014 CFO<\/em><\/p>\n

Thank you Amit. Before getting into the commentary, I’d like to thank our chairperson, the Board for imposing trust in me and having me on the Board and to Amit for his continued support. With that, let me begin by giving you an overall picture for the year. FY26. FY26 total revenue included continuing and discontinued operations came in at $1.321 million and year on year growth of 4.9%. EBIT margins for FY26 came to 14.1%. Net income margin for FY26 came in at 11.3%. Now talking about disinvestment of SWC business in March of 2026 we announced the disinvestment of SWC business.<\/p>\n

Accordingly, SWC business has now been classified as discontinued operations beginning quarter four FY26. With that context, my commentary here and after will address the continuing operations starting with the key highlights for quarter for FY26 we had consistent deal momentum resulting in average large deal TC wins of $200 million across six consecutive quarters. Our focus on improving the quality of revenue and operational efficiencies has further boosted the gross margin in Q4 FY26 with 150 basis points increase on sequential basis.<\/p>\n

All three segments have shown sequential improvement in gross margins. Further, our collection efforts have led to improvement in DSO metrics during the quarter. Moving to both Quarter 4 FY26 and FY26 financials starting with P and L. Our revenue for the quarter came in at 2,858 crores, a growth of 2.5% on sequential basis while year on year grew at 8.3%. Revenue for FY26 was at 10,996 crores, a growth of 14% over FY25. EBIT margins for the quarter came to 15.2%, an improvement of 40bps over the previous quarter.<\/p>\n

EBIT margin for FY26 was at 14.5% of revenue. Effective tax rate for the quarter came in at 26.6% for the year. Effective tax rate was at 26.5% showing an improvement of 90bps over previous year. Going ahead, we expect this to be in the range of 26.5 to 27%. Net income for the quarter stood at 346 crores which is 12.1% of revenue showing an improvement of 70bps over previous quarter. For FY26, net income was 1282 crores at 11.7% of revenue. EPS from continuing operations stood at rupees 30.14 for the quarter translating to an annualized EPS of rupees 120.56.<\/p>\n

This represents an improvement over the reported FY25 ETF of rupees 119.7, underscoring the success of our portfolio rationalization strategy and the strengthened performance of our continuing business. Other income for the quarter was 38 crores higher compared to previous quarter. Now moving to the balance sheet highlighting a few key line items. The combined DSO was at 83 days compared to 93 days in Q3 and improvement of 10 days billed. DSO also improved from 68 days as compared to 77 days in quarter three.<\/p>\n

The combined DSO is expected to be in the range of 85 to 90 days going forward. In FY26, free cash flow came in at 1280 crores. Our FY26 FCF as a percentage of net income stood at 100%. Our cash and investments improved to 3555 crores end of FY26 versus 2,981 crores end of FY25 on capital reserves I’m sorry on capital return, the board today recommended a final dividend of rupees 40 per share taking the total dividend for FY26 to 58 rupees per share. This translates to a dividend payout ratio of 48% for FY26.<\/p>\n

Our return on equity stand at 20.4% for FY26. With respect to revenue metrics in dollar terms we reported revenue of $305.9 million growth of 0.3% on year on year basis while a decline of 1.7% on sequential basis. The sequential decline reflects a conscious exit from low margin and non strategic portfolio in addition to the disinvestment of SWC business. FY26 revenue came in at $1233 million year on year growth of 8.3%. Talking about segment margin performance for quarter four, FY26 mobility segment margins for quarter four came in at 16.1%.<\/p>\n

A sequential improvement of 130bps over previous quarter. Healthy deal wins in mobility in the previous quarters and sign of improvement in the automotive sector should lead to revenue growth in FY27 leading to further improvement of margins in this segment. Sustainability Segment margins for quarter four remained steady on sequential basis at 28.7%. Strong execution of the deal wins in recent quarters led to improvement in quality of revenue and will continue to aid revenue growth and margins in FY27 for sustainability tech segment margins for the quarter came in at 12.6% sequential improvement of 210bps over previous quarter.<\/p>\n

This is due to continued improvement in intelliswitch margins and restructuring efforts in this segment to focus on sustainable and profitable growth on operational metrics. The offshore mix was 53.5% slightly better compared to Q3. We do see improvement opportunities in this mix in the coming future quarters. The TNM revenue mix was at 66.1% in Q4 higher compared to quarter three. Client profile we have the first $50 million plus account in sustainability segment and are formally reported in the IR report and also an increase in number of clients across 5 million 1 million accounts compared to previous quarter.<\/p>\n

With our deep relationships with clients and new age offerings, we expect this profile to improve further. Client contribution to revenue improved as compared to Q3 across categories. Headcount improved sequentially by 522 to 23,830 at year end. As we onboarded freshers during the quarter, attrition remained Range bound at 14.7% level. Realized rupee for quarter four was around 93.43 to the dollar. A depreciation of 4.3% versus Q3 as I conclude. Let me provide visibility on margin trajectory going forward.<\/p>\n

We did Refer in our Q3 commentary that margins will continue to improve and Indeed have seen Q4 margins improve to 15.2%. We expect margins to continue to improve further based on capital allocation towards high growth segments and newer technologies in line with our Lakshya31 strategy. Also we will see improved segment mix with now sustainability segment contributing 36% of overall revenues in FY26. The recent deal Wins will allow to continue this trend in FY27 leading to improvement in overall margins.<\/p>\n

Further operational efficiency parameters around AI led delivery initiatives to improve operational levers, nonlinearity of revenue and rationalization of SGA cost in line with continuing business are further opportunities to improve margins. With this we now advance our aspiration to achieve mid 16% EBIT margin levels on or before quarter 4 FY27 and as part of our 5 year LAKSHA 31 plan we aspire to deliver 13 to 15% CAGR over the next 5 years with EBIT margins in the range of 16 to 17%. I thank everyone for their support and with that I hand it over to the moderator for any questions.<\/p>\n

Questions and Answers:<\/h2>\n

Operator<\/strong><\/p>\n

Thank you very much. We will now begin with the question and answer session. Anyone who wishes to ask a question may press Star and then one on their touchtone phone. If you wish to remove yourself from the question queue, you may press star and 2. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles again. To ask a question, please press star and 1. Our first question comes from the line of reverse Engle from Luama Equities.<\/p>\n

Please go ahead.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Yeah, hi. Thanks for taking my question. I hope I’m audible.<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

Yes<\/p>\n

Operator<\/strong><\/p>\n

Sir, you’re audible.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Yeah, yeah. Thank you so much and congrats to Anand and Rajiv for their elevation. Amit, a couple of questions from my side. A very bold decision indeed in terms of divestment of the SWC business, something that we had acquired three years ago. Just want to understand the thought process behind this step. I think we had earlier talked about this business offering us opportunities in the Middle east and some other places as well. So was the consideration here just the profitability of the business that we were looking at or was it also that basically the growth opportunities that we saw in other segments were much better and that is where we basically decided to allocate our capital to any basically color on what the was behind this decision would be really helpful.<\/p>\n

Amit Chadha<\/strong><\/p>\n

Sure, I’ll start and then I’ll request Rajiv to add to it. So see, when we acquired SmartWorld there were three components in SmartWorld. There was the smart cities part which had which which was there. The second part was the tempo infra piece and the third was the cyberpunks. What we did was our whole thesis was that we will take these three and we will immediately work on taking them international. Right. That was our whole ploy that we had done. Now as we have moved forward, what has happened is the telco infra piece we were able to take in international, we have been able to deliver two accounts that are upwards of $20 million in the company and then very profitable at that and growing and gaining market share over competition or differentiated offerings.<\/p>\n

The cyber business, which was running actually at record margins, again, we were able to take those capabilities and be able to infuse them within the company and take those forward. Smart Cities, however, we were not able to internationalize because a lot of that work is done by local governments and is done for creating local jobs. So after we have done it for three years with different kind of management as well as attention, what we have done is we have therefore decided to divest. So the entire mostly India and slightly international operations of Smart World has been divested.<\/p>\n

And at the same time we have retained, you know, some of the capabilities that we built organically being disassociated. Those have continued on in the company and continue to provide leverage to us as we move forward. So that’s broadly where it is right now. Would you like to add anything at this stage, Rajiv?<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

I think Amit is covered broadly. Vibhod. The only thing I would add to is that look, you know, when SWC business was acquired back in start of 2023, the rationale was to take SWC global, right? And much like Amit said, there were three areas of business. There was Smart City, there was infra and cyber. I think infra and cyber have shown positive results. Smart City for Particularly India business is where we could not see it taking global and that led to making a strategic decision for the purpose of disinvestment.<\/p>\n

So largely that’s where it is. Ubur hopefully it answers your question.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Yes, it definitely does. Thanks for that explanation. And since you’re at it Rajiv, I might May I just ask a couple of more questions? Bookkeeping conscious on the basically accounting of that. So we have basically the 1, 2, 32 million dollar revenues that we have mentioned that basically takes into account the SWC revenue being not being considered for the entire FY26 and so does the PS1, am I right?<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

That’s correct. So what you see on the investor report is reflecting the continued part of the business and does not have SWC in any of the prior quarters. So it has completely like for like<\/p>\n

Sandesh Naik<\/strong><\/p>\n

And we are not expecting any more divestment or any more modifications to the financial onwards.<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

So from Q1 onwards we will report<\/p>\n

Sandesh Naik<\/strong><\/p>\n

The continued operations only. Only. Got it, Got it. And the research is complete. No, nothing is left in the original part of that.<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

Yes it is complete.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Got it. And just one last question and then I’ll probably switch back to Amit for another question. Now that we have divested SWC business and we know that basically the margins and the working capital days of the business were significantly inferior to our core business, do we expect, I mean you mentioned the margin guidance. We’re looking at around 16 to 17%. I mean is that a kind of a target for the next five years or do you believe it can be achieved over the next two to three? And also do we expect improvement in the DSO days immediately in the near term given that SMBC business will be out of the books.<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

So on the margin part, River, I did clarify. So we continue to aspire to get to mid 16% levels by quarter 4 FY27 of this year and if you’ve got an ability we would like to deliver that prior to quarter four FY27. Correct. And the 16 to 17% is in line with the Laksha FY31 strategy. So over the period of five years we would like to maintain EBIT margins in that band. Third on DSO metrics you’re already seeing the improvement. I talked about the improvement in DSO metrics and I highlighted right what was the DSO metrics excluding the SWC business.<\/p>\n

So for quarter four we came in at 83 days. So you’re already seeing the benefit of, you know, DSO days coming down and we will be in the band of say between 85 to 90 days. What used to be including SWC. If I were to recall quarter three we were closer to between 110 and 150.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Got it, got it. Thanks for the detail explanation. Nazibit, just one more question from my side. You have commentary alluded to some very positive signals on the auto segment. Now this is a very positive sign because this vertical has been under pressure for quite a while for almost all of the players. You mentioned that the North American auto specifically is looking positive. So any color on basically how we are looking at, are there any more, are there good frequenties that we’re looking at in North American auto and also will European auto is also expected to follow suit or will there be some time before that kind of recovers?<\/p>\n

Amit Chadha<\/strong><\/p>\n

Sure. So, so thank you so much. I just want to make one more point in your previous question on the continued business. So if you look at the quarter 4 results, the quarter 4 number that we publish for continued business that does have the business that we stop clean also. So Q1 onwards it’s all clean as you see it moving forward. So it’s not just smc, it’s also the, you know the other part that we divested. We talked about $19 million annualized that we are taking out that has been taken out in quarter four.<\/p>\n

So quarter one onwards it is all upwards and that’s why you see the revenues in point and margins in Q4 gross margin itself going up in the business right now. Moving on to automotive number one on automotive. See in US Automotive what has happened is that our customers as well as overall, as you’ve seen, they have taken a chunk of whatever hits they had on EV last year and they’re all sure footedly moving ahead with hybrid and gas vehicles. This is a good thing because it provides clear decision now that is to provide clear of the path for design cycles to start yet again.<\/p>\n

And we have seen some of that positive impact in LDV coming to us. That’s number one in Europe they are still between losing market share in, in Asia etc. But in Europe there is a number of deals that we are fighting right now and competing for consolidation against European majors as well as other India companies. So there is a lot of that pipeline. So both have got slightly different, shall I say context and contours to it. But we are seeing positive momentum in automotive coming back.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Got it, Got it. Great. Thank you so much for taking my question. Congrats again on the very strong step and wish you all the best. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Your next question comes from the Line of Sandeep Shah from Equidia securities. Please go ahead.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Yeah, thanks. Thanks for the opportunity. Amit. Sir, just wanted to understand within mobility sustainability one can assume the worst is behind sustainability. We were anyway doing better. So mobility you expect we can start growing Q on Q starting from the first quarter and even in tech when do you expect the worst to get over?<\/p>\n

Amit Chadha<\/strong><\/p>\n

So thank you Sandeep. So one, sustainability will continue to grow as we move forward. Mobility has stabilized this quarter. You will start seeing growth from next quarter. And in tech there are three components. There’s medtech and there’s MNT media tech which includes Semcon and then there is software. And we do believe that next quarter onward we should start seeing that growth again. So we should see growth in all three as we move forward. Quantum of that of course will depend on as the quarter closes.<\/p>\n

As you know we are still in the quarter now, new quarter so we will come back at the end of the quarter.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Yeah. And just in terms of Lakshya outlook, is it fair to assume whatever we are targeting which is 12 to 15% growth CAGR is largely organic or it also incorporates some inorganic.<\/p>\n

Amit Chadha<\/strong><\/p>\n

So what we have stated right now is is will largely be it’s 13 to 15, not 12 to 15. Then again there’ll be a new covenant question will come as a 12 or 13. So I’m being very clear, 13 to 15 and largely organic with some tuck in acquisitions as opportunities arise.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Okay. Okay, thanks. And all the best.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Thank you. The next question comes from the line of Nitin Padmanabhan from Investec. Please go ahead.<\/p>\n

Nitin Padmanabhan<\/strong><\/p>\n

Yeah. Hi, good evening, thanks for the opportunity. So for question, first question is that from a 13 to 15% growth CAGR you mentioned that historically it’s grown at 12 and a half percent. So these numbers, the 12 and a half percent is excluding the SWC bid. How should we understand that? And second is 13 to 15% CAGR is basically this all the $cc. Is that how you’re thinking about it?<\/p>\n

Amit Chadha<\/strong><\/p>\n

I’m going to actually look at Rajiv to clarify on the $cc part. And you want to take these<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

So Nitin to your first question on 12.4% this is actually excluding SWC. And second in terms of the constant currency it will be of course we will peg it more constant currency. But yeah over a five year period there may be some areas where we will talk even on reported currency as well.<\/p>\n

Nitin Padmanabhan<\/strong><\/p>\n

So this 13 to 15 is rupee or dollar. It’s dollar.<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

It’s dollar. Yes,<\/p>\n

Nitin Padmanabhan<\/strong><\/p>\n

It’s dollar. Okay, okay, okay, okay. And see so far despite we see very strong deal wins, obviously we have had leakage in the business and that’s been sort of a drag. Do you think this year onwards we should start seeing the 13 to 15% sort of CAGR beginning to show from this year itself or you think it will be a little beyond that? What’s the question? The only other thing is from a growth perspective, do you believe that at least from an automotive perspective or in terms of the large accounts that you have, the largest account is 50 million plus.<\/p>\n

When do we really start seeing for our scale at least a few hundred million kind of accounts that we set in with?<\/p>\n

Amit Chadha<\/strong><\/p>\n

Okay, so I’ll take part of that because I need to add number one, we’re not providing any annual guidance. So I’m not going to fish in the waters of what will be next year. All I will say is 13 to 15 and we are working towards it. Various deals in play. Let’s see what closes first, what closes second. I can assure you we’ll be faster than industry, be better than industry and engineering industry and IT industry of ourselves. Right, that’s one. Second is that in terms of accounts, our last investor meet, which we, I think we did last year of the year prior value.<\/p>\n

Year prior.<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

Yeah, two years ago.<\/p>\n

Amit Chadha<\/strong><\/p>\n

Yeah, two years ago we had created a plan to get to 100 million accounts. Our aspiration, if I may Nathan, is to have X number of hundred million accounts, y number of 50 million accounts. I’m happy to share that we finally were able to deliver a 50 million account trailing 12 months in this quarter. This is the first one after a long time for us and there is a path forward. In fact, the fact that we are moving having alin the focus entirely a very senior member on the board of the company, been with us for as long as I’ve been there in the company.<\/p>\n

To focus only on large deals and growth markets should signal to you that there is a lot of seriousness in the organization towards this. So please allow us some time. Some of this, most of this is organic, so it takes a little time to build out. We’ll see at the instant.<\/p>\n

Nitin Padmanabhan<\/strong><\/p>\n

Perfect. This one last clarification from a earlier practice of this annual guidance. We are moving away from that permanently. Is that it or is this only for this year?<\/p>\n

Amit Chadha<\/strong><\/p>\n

Again, can I take the systems here? No more see, we’ll see at the end of it. There’s no reason to not provide something or provide something we’re comfortable. As you look at our five year, if I go Back and look at the thesis of the company. See we are here to build and stay and grow. We are not. That’s a long term objective of the company that comes from the LNT parent parentage. Right. So the whole idea is to take longer term decisions and deliberative steps to move thematically. If you look at it, the company would like to deliver, you know, cadre sooner than later but to be seen to be tested.<\/p>\n

Nitin Padmanabhan<\/strong><\/p>\n

Perfect. Thank you so much and all the best.<\/p>\n

Amit Chadha<\/strong><\/p>\n

Thank you sir.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Dipesh Mehta from MK Global. Please go ahead.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Thanks for representing just first on clarity between this continued and overall combined business. I think margin gap seems to be 40 days from in FY26. So headwind from SWC used to be only 40 bits or there are any one off in the numbers.<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

I can take it. So what I mean we did talk about, you know, realignment of portfolio back in quarter three. So what you see as SWC revenues have actually come down from Q3 onwards and it was a deliberate intent. While it assumes that there is only a 40 bits improvement, actually it’s much more than that. It’s closer to almost 70 to 80bps of improvement.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

My question was FY26 combined business you reported 14.1 margin and continuing operation you reported 14.5 margin for the full year which in a very impression SWC dilution was around 40 basis points. That is not is one foundation<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

What we can do. Maybe we’ll have Sunday’s talks offline because like I said.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Second question.<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

Yeah, yeah.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Second question is about the bet which we have indicated, let’s say about the six technology bed and obviously five focus areas. Can you provide some let’s say current mix of the business around those. How big are those businesses currently in overall scheme of things and what kind of growth and investment you intend to make in each of them.<\/p>\n

Amit Chadha<\/strong><\/p>\n

Sure. So right now as we look at it for these bets that we have got. If you give me a minute I will. This contributes to approximately about. Give me one minute. See investments. You know, as we do this, Alan will take a minute and talk about the investments while I bring up the exact data.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Can you. Can you hear me?<\/p>\n

Amit Chadha<\/strong><\/p>\n

Yes, now we can hear you<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Like to talk about<\/p>\n

Amit Chadha<\/strong><\/p>\n

Some of the investments that we’re making.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

See when you look at it broadly, the space that we have to ourselves given the customer that we work with is around the whole physical AI and where we have very consciously looked at making investments and we can walk you through all the different segments that we have is to continue to deepen our presence in this area. But it’s includes the collaboration that we are doing which you may have seen on our postings as well earlier. But that’s where we are investing and ensuring that we bring those solutions back to our customers in the physical AI space which is very unique to us and our business.<\/p>\n

So that’s 1, 2 we if I were to go by segments, we have talked about the investment that we have made in solutions and SDV that continues to be there for us and if anything we are actually doubling down to increase more on connectivity and HDD solutions. So that’s there. On the mobility side similarly extending to sustainability, we are in a very unique position where we work with bringing AI in construction related areas as well as the investment in data center AI and data centers. So those two again become very formidable for us in tech.<\/p>\n

We have talked about where earlier we working with closely and working on the solutions that we have and building their own solutions to bringing back to our customers across the industry that we work with. That’s the philosophy and that’s what we are very clear that will give us the edge to be close to our customers and continue to grow with them. I’ll take a pause and if you have a follow on question on this. Yeah.<\/p>\n

Amit Chadha<\/strong><\/p>\n

If you want to take a minute and talk about the EI pivot and the software pivot that we’re doing and then I’ll give the numbers.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, sure. Hi Dipesh, good to meet you here. Let me, let me explain what we are doing on the that’s where the bulk of pivot shift is going to happen. We are looking at AI in three distinct parts. One is to help improve our productivity. So we have a bunch of parts we have created. We are going to make them robust enough so that they can deliver anything between 10 to 30, 40% productivity in the work that we do. So that’s one part of the AI that we are building. The second part of the EI is to embed this in the processes for client end processes.<\/p>\n

For example, if somebody is running a supply chain, I can optimize that inventory, I can optimize that. You have a maintenance cost. I can probably do a preventive maintenance and optimize that. And the last bit is to embed AI in the products which will go to my customers. Customers. So some of the physical AI that Alind was referring to are like products that will go into my customers. Now these three pivots will require us to do a lot of, you know, solutioning, do a quick prototyping, delivering solution on an AI stack.<\/p>\n

And as you know, AI stack is constantly going to keep evolving. So we are going to invest heavily in uplifting, not just talent, also building tools, bringing alliances which can actually help us deliver this. So there is a significant shift happening in our business due to AI across the board processes for the client processes of our sdlc, PDLC and the products that will go out to the customer.<\/p>\n

Amit Chadha<\/strong><\/p>\n

Thank you. So Dipesh, to answer your question, less than 50% of the revenue today comes from these beds. In five years time we expect more than 70% of business to be coming from these six beds. Okay,<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Understand. Thank you. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Your next question comes from the line of Shraddha Agarwal from amsec. Please go ahead.<\/p>\n

Shraddha Agarwal<\/strong><\/p>\n

Yeah, hi. Am I audible?<\/p>\n

Operator<\/strong><\/p>\n

Yes ma’, am, you’re audible.<\/p>\n

Shraddha Agarwal<\/strong><\/p>\n

Yeah. So two questions. Amit, I think in one of the comments you indicated that apart from SWC restructuring, there was some other restructuring as well in which there was an impact of $19 million. So what does that relate to?<\/p>\n

Amit Chadha<\/strong><\/p>\n

So what is the second question?<\/p>\n

Shraddha Agarwal<\/strong><\/p>\n

Second question is we’ve seen a smart headcount addition of almost 3% to our base. So is it in anticipation of some large deal ramp up that we can expect? And also in terms of restructuring, are we done with all low margin businesses realignment or are there any other businesses that we need to think about going ahead?<\/p>\n

Amit Chadha<\/strong><\/p>\n

Thank you so much. So let me answer the happy question first. Head count has gone up. We added about 500 people net in the company or 400 net in the company quarter on quarter. We do expect to add another 500 sometime in quarter two, quarter one, quarter two, quarter three as well. Because we believe that there’s this new skill set around the forward deployment engineer that is required. It requires a lot more a slightly different skill set. So we are bringing people on as we speak and this is for billable headcount and it is in anticipation of ramp up of wins that we have had.<\/p>\n

So this is not future business. We are ramping up current business we are ramping up or business that is already one. So therefore there is some sure footedness around the reason why we have added. So when we. Right. So that’s that answer. Now in terms of the $19 million that I talked about annualized that you can see that impact coming out in shrinkage of Q3 to Q4 or Q4 over Q3 in continuing business. And that has been a deliberate attempt. There has been some work that we were doing in a Certain geography in the Middle east which we shut down and we talked about in the last quarter.<\/p>\n

There is a little bit in Europe that we’ve shut down. There was in telecom infra, there was a couple of low margin non value add businesses that we were on. We returned the lab equipment and shut that down very respectfully for the client. As far as I’m concerned, this completes the entire restructuring and cleanup that we had to do. We do believe going forward we will see growth in the continuing portfolio as we move forward.<\/p>\n

Shraddha Agarwal<\/strong><\/p>\n

Great. Thanks, Amit. If I can squeeze in one more question. I know that you advanced the margin guidance but without giving any timeline to it. But now we have two tailwinds. One coming from SWC going away, the second from wicked depreciation. So can we expect a 3% margin by as soon as second half of 26? It says<\/p>\n

Amit Chadha<\/strong><\/p>\n

We just got the CFO promoted to the board. You’ve got to be nice to him at least today.<\/p>\n

Shraddha Agarwal<\/strong><\/p>\n

Right?<\/p>\n

Amit Chadha<\/strong><\/p>\n

And he’s also improved. He’s also brought it forward. This is what he said. He said, he said Q4 or prior. Now if you want him to say H2 or prior, I don’t know if he can say that right now. But look, at the end of it, we want to say what we can deliver and we are very sure about Q4 or prior. We’re working towards it. If you want to add anything.<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

No, I think Siddhartha is being nice to me. You already said it. Our intent is to deliver quarter four or prior. But we certainly have advanced it. And you have seen the results of quarter four. I mean what we talked two to three years ago in terms of margin were a lot lower. Right. We were talking more 13.3, 13.6. We are now at 15.2. So it has certainly accelerated. I’ve talked about the timelines and let’s. I mean, we’ll continue to work around it.<\/p>\n

Shraddha Agarwal<\/strong><\/p>\n

Got it. Thank you. The only other<\/p>\n

Amit Chadha<\/strong><\/p>\n

Thing I’d like to add, the only thing I would like to add there is again, look at continuing business and look at the gross margins there. I think we are in a good state now. Knock on wood. As I look forward with the, you know, the differentiated service offerings that we have got and the deep client relationships, I do believe and hope that you will see, you will see improvement in growth in margin growth.<\/p>\n

Shraddha Agarwal<\/strong><\/p>\n

Sure. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. Your next question comes from the line of Bhavik Mehta from JP Morgan. Please go ahead.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Hi. Thank you. On AI, how are the client conversations progressing across the three different segments? Because on the IT services side we do get a lot of ask from clients for productivity pass through the pricing discounts, you know. But previous to your how the organizations have progressed over the past few months, I’ve given development on the AI side of things since February March<\/p>\n

Amit Chadha<\/strong><\/p>\n

Sure. So just like bhav. Thank you Bhav. Just like Munjay was mentioning, there are three parts to what we are seeing. Number one is efficiencies in PDLC and sdlc. So that is being one is being asked for by clients. But second we are ourselves implementing our own tools to bring it about to almost all our programs. This is a work in Progress. Right now 65% of the company or 60% of the company has been trained on AI tools. Another 40% is being done to be completed in the next six months. So that is SDLC PDFD.<\/p>\n

In fact website also shows a couple of tools that we have developed that are already industrialized and being improved. Muji is taking control of that, taking it forward. The second part is all about the Gentec AIQ platform that we have launched for engineering and manufacturing. There are specific engineering work processes we are dabbling to change in that we are actually partnering with industry majors to see if we can bring their tools in to take it forward. So that’s the second area that we are dabbling playing with.<\/p>\n

Third is physically which can be broken up into industrial AI and device AI. And that again is new area that we are trying to implement and add on. So we are definitely seeing a lot more conversations on AI, a lot more what can be done, usability improvement, etc. And of course trends are also changing. People are wanting to put more money in AI. It’s actually a bold question that is coming down to the engineering heads as opposed to engineering head taking it ground up. So some work to be done in engineering and manufacturing.<\/p>\n

AI will come in but it will take over the course of this year and next 18 months to expand and I do believe still about six months, eight months ahead of competition in the cycle. So if we continue to keep our head up and continue to work hard, I do believe that we will become a net positive and tailwind for all of us. Okay, got it. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. The next question comes from the line of Rahul from Dalit Capital. Please go ahead.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Hello. Yeah, I wanted to clarify on this charge of exceptional cost that we have done in the quarter. Can you let me know what for what business this was done and is there anything more to happen on this plan going into next year?<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

Rahul I can take this question. This is Rajiv here. So Amit did talk about $19 million of analyzed business, right? Particularly in Europe, in Israel and parts of uk this restructuring cost actually entails towards those businesses and of course adjoining people and facilities that have been recorded in Q4. And like Amit said we reconfirm that there are no more restructuring costs to continue from here on.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

And from a revenue point of view, is there some part of the revenue from this business still in Q4 which may not happen in Q1?<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

There is no revenue in Q4 because we took quite a few of these actions at probably the end of Q3 or start of Q4 and hence you see no revenues for these businesses in Q4.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Right. And just one last thing. If I take the outlook that we shared in the previous analyst meet our current this five year objective actually increases the expected growth rate over next five years and four years. And at the same time it talks about lower margin than what we said a year back with SWC transaction. I think our margin thought process should have improved while growth numbers should have cut down given the $90 million. So why there is a difference between what we were thinking then versus now?<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

Rahul again this is Rajiv. I can take that because of course you know we’ve talked about our Laksha FY31 aspiration to deliver at a CAGR of 13 to 15% band on revenue growth. As for EBIT margins, I reiterate that the aspect is to deliver mid 16% levels quarter for FY27 or prior and we are working towards it the 16 to 17% range over the course of next five years in line with Lakshya FY31 strategies to keep in mind that this growth might have some tuck in acquisitions and as you would appreciate any tuck in acquisition might have some dilution impact.<\/p>\n

So we will maintain the margin in that band. It’s not reducing but actually it’s maintaining the band over a period of five years.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

And just lastly from my side I think this has been said earlier that you’re not sharing the outlook for this particular fiscal but looking at the situation that we are in, is it possible to share some thought process whether it will be double digit or any qualitative way to represent it.<\/p>\n

Amit Chadha<\/strong><\/p>\n

Better than industry is what I would say.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Sure. Thank you. That’s it from Ash.<\/p>\n

Operator<\/strong><\/p>\n

Thank you Ra. Thank you. The next question comes from the line of Karan Opal from Philip Capital India. Please go ahead.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Yeah, thanks for the opportunity. Amit, two questions from my side. Firstly, any impact of The Middle east war, crude price volatility you are seeing in let’s say the plant engineering business especially in some of the sub segments like oil and gas, atg, chemicals, any impact in that could have an impact on the overall sustainability vertical. That is one second is the six big breaks which is bankrupt any MLA you are planning to do in any of these six big breaks if you can also share the size of it.<\/p>\n

And to that question is that would you be open to take hit on margins again because of mla if no.<\/p>\n

Amit Chadha<\/strong><\/p>\n

So one Middle east in plant and the LE is a very small piece of our operations. Of course we can look at growth there. We’ll see. We hopefully believe that over a five year period we do believe that plant in Middle east will grow for us. But let this situation get resolved, will it have an impact on our current quarter or next quarter? The answer is no. Very small part of our operations. Unless something drastic happens in which case that very small piece is at this so normal course of time. Six bets have already shared the amount of revenue.<\/p>\n

My request will be that we will hold an investor day sometimes the year. We’ll walk you through the six bets. It will be on our website so at that point we’ll spend a lot more color and time on it. What was your third question?<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Are you open to take a hit on margins again because of energy?<\/p>\n

Amit Chadha<\/strong><\/p>\n

Yeah. Ragheer.<\/p>\n

RAJEEV GUPTA<\/strong><\/p>\n

So Karan, we talked about tuck in acquisitions. We are not thinking of any large acquisition at this stage. I think the acquisition that we made of Intellisift start of last year has panned out well. We continue to build our software capability. In fact Manjay is leading the entire effort of building the software and AI horizontal for the company. So at this stage we’re not talking of any large acquisition. There are more tuck in acquisitions and hence I’ve given an EBIT range of 16 to 17%. But much like Amit mentioned when we host the investor NSDE we’ll give you more clarity on big bets, investments and related M and A.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Cool. Thanks. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. We will take that as our last question for today. I now hand the conference over to Mr. Sandesh Naik for closing comments.<\/p>\n

Sandesh Naik<\/strong><\/p>\n

Thank you. Thank you all for joining us on the call today. We hope we were able to answer your queries. We look forward to interacting with you throughout the quarter. Wish you all a very good evening and a good day. Thank you.<\/p>\n

Operator<\/strong><\/p>\n

Thank you. On behalf of LNT Technology Services limited that concludes this conference. Thank you for joining us. And you may now disconnect your lines. Thank you.<\/p>\n","protected":false},"excerpt":{"rendered":"

Note: This is a preliminary transcript and may contain inaccuracies. It will be updated with a final, fully-reviewed version soon. L&T Technology Services Ltd (NSE: LTTS) Q4 2026 Earnings Call dated Apr. 22, 2026 Corporate Participants: Sandesh Naik \u2014 Head of Investor Relations Amit Chadha \u2014 CEO & MD RAJEEV GUPTA \u2014 CFO Analysts: Nitin […]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"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":[6349],"tags":[10169,9175,9104,9092,14492,10089],"class_list":["post-181763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":109778,"url":"https:\/\/alphastreet.com\/india\/infosys-limited-infy-q4-2021-earnings-call\/","url_meta":{"origin":181763,"position":0},"title":"Infosys Limited (INFY) Q4 2021 Earnings Call","author":"Sahil Anand","date":"April 21, 2021","format":false,"excerpt":"Infosys Limited (NYSE: INFY) Q4 2021 earnings call dated\u00a0Apr. 14, 2021 Corporate Participants: Sandeep Mahindroo\u00a0\u2014\u00a0Vice President, Financial Controller & Head \u2013 Investor Relations Salil Parekh\u00a0\u2014\u00a0Chief Executive Officer and Managing Director Pravin Rao\u00a0\u2014\u00a0Chief Operating Officer and Whole-time Director Nilanjan Roy\u00a0\u2014\u00a0Chief Financial Officer Analysts: Ankur Rudra\u00a0\u2014\u00a0JPMorgan \u2014 Analyst Diviya Nagarajan\u00a0\u2014\u00a0UBS \u2014 Analyst\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/04\/Infosys-Limited-Q4-2021-Earnings-Call.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":142292,"url":"https:\/\/alphastreet.com\/india\/kpr-mill-ltd-kprmill-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":181763,"position":1},"title":"KPR MILL LTD (KPRMILL) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 21, 2023","format":false,"excerpt":"KPR MILL LTD (NSE:KPRMILL) Q3 FY23 Earnings Concall dated Feb. 7, 2023. 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