L&T Technology Services (LTTS) disclosed a 6% year-on-year decrease in its consolidated net profit for the third quarter of FY26. The company’s net profit for the period ending December 31 was Rs 303 crore, down from Rs 322 crore in the same quarter of the previous fiscal year. Sequentially, the profit fell 8% from Rs 329 crore in the preceding quarter (Q2FY26), as per the stock exchange filing.
Revenue from operations surged by 10% year-on-year to Rs 2,923 crore, up from Rs 2,653 crore in the corresponding quarter last year. LTTS’ EBITDA for the quarter was Rs 515 crore, marking a 4% increase quarter-on-quarter. The EBIT margin saw an improvement to 14.6%, supported by enhanced operational efficiency and a 120 basis point rise from the previous quarter.
During the quarter, LTTS secured significant deals, including a $70 million engagement from a global original equipment manufacturer, along with contracts valued at $30 million, $20 million, and five additional contracts exceeding $10 million each. The company highlighted that its average total contract value has remained stable at around $200 million for the past five quarters.
CEO and Managing Director Amit Chadha noted the sustained double-digit growth in the Sustainability segment and positive signs of recovery in the Mobility business. Chadha emphasized the company’s focus on high-growth and high-margin sectors under its five-year Lakshya plan, contributing to enhanced profitability. LTTS’ patent portfolio reached 1,655 patents by the end of Q3 FY26, with 1,007 co-authored with clients. The company’s total employee count stood at 23,639, as per the exchange filing.
LTTS shares closed 1.8% lower at Rs 4,240 on the National Stock Exchange.
