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Informist, Tuesday, Jul. 14, 2026

 

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--L&T Tech Apr-Jun consol net profit INR 3.57 bln
--Analysts saw L&T Tech Apr-Jun consol net profit INR 3.56 bln
--L&T Tech Apr-Jun consol revenue INR 29.40 bln
--Analysts saw L&T Tech Apr-Jun consol revenue INR 29.15 bln
--L&T Tech Apr-Jun consol net profit INR 3.57 bln vs INR 3.32 bln qtr ago
--L&T Tech Apr-Jun consol revenue INR 29.40 bln vs INR 28.58 bln qtr ago
--L&T Tech Apr-Jun consol EBIT margin 15.7%, up 50 bps on qtr
--L&T Tech Apr-Jun consol EBIT INR 4.61 bln vs INR 4.35 bln qtr ago
--L&T Tech Q1 consol revenue $309.90 mln, up 1.5% QoQ in constant currency
--L&T Tech Apr-Jun consol revenue up 1.9% on year in constant currency
--L&T Tech number of active clients 423 as of Jun 30 vs 417 qtr ago
--L&T Tech trailing 12-mo voluntary attrition 14.7% on Jun 30, unch on qtr
--L&T Tech total headcount 23,845 on Jun 30 vs 23,830 on Mar 31
--L&T Tech Apr-Jun mobility segment revenue up 2.3% on quarter
--L&T Tech Apr-Jun sustainability segment sales up 4.3% on quarter
--L&T Tech Apr-Jun tech segment sales down 3.1% on quarter
--L&T Tech Apr-Jun North America sales up 1.4% on quarter
--L&T Tech Apr-Jun Europe sales down 0.8% on quarter
--L&T Tech Apr-Jun India sales up 0.9% on quarter
--L&T Tech: Got 1 deal of over $30 mln in Q1, 1 deal of over $20 mln
--L&T Tech: Got four deals of above $10 mln in Apr-Jun

 

By Eshitva Prakash

 

MUMBAI – L&T Technology Services Ltd.'s revenue in constant currency terms rose to the higher end of analysts' projection. The company's net profit and revenue figures in rupee terms also surpassed analysts' estimates, helped by recovery in the company's mobility and sustainability segments. The Vadodara-headquartered company's earnings before interest and tax margin expanded ahead of analysts' estimates, which it attributed to its Lakshya 31 initiative.

 

L&T Technology reported a consolidated net profit of INR 3.57 billion for the June quarter, up over 7% sequentially and 13% on year. The net profit was slightly higher than the Street's estimate of INR 3.56 billion. However, bottom-line growth was weaker than in the March quarter, when the company had incurred a cost of INR 370 million towards restructuring costs. Adjusting for the one-time cost, the company's bottom line for the June quarter would have risen just 0.6% sequentially.

 

The technology company's consolidated revenue for the quarter rose almost 3% sequentially to INR 29.40 billion, a whisker higher than the consensus estimate of INR 29.15 billion. On a year-on-year basis, the company's sales increased over 11%. In dollar terms, the company's revenue rose to $310 million, also higher than $308 million seen by analysts. In constant currency terms, the company's revenue rose 1.5% sequentially. Analysts had pencilled in a growth of 0.5-1.5% in constant currency terms. Year-on-year, in constant currency, the company's revenue rose almost 2%.

 

The company's expenses edged higher during the quarter, mainly driven by a sequential rise of 2% in employee expenses and of nearly 4% on quarter in costs classified under "other expenses". A rise in tax expenses also had a small impact on the company's bottom-line growth. Total expenses for the quarter rose over 2% sequentially to INR 24.93 billion.

 

Supported by this benign rise in expenses, the company's earnings before interest and tax margin expanded 50 basis points on quarter to 15.7%. Analysts had projected L&T Technology's EBIT margin for the June quarter to expand 20 bps sequentially to 15.4%. In absolute terms, the company's EBIT rose nearly 6% on quarter to INR 4.61 billion.

 

GEOGRAPHY, SEGMENTS

Revenue from the company's sustainability segment, which contributed a little over 37% of its total sales, rose over 4% sequentially. Revenue from its technology segment fell over 3% on quarter and was the only segment to record a sequential decline. Revenue from its mobility business rose over 2% on quarter. This segment accounted for over 32% of the company's total revenues.

 

Sales to North America increased by over 1% sequentially. The region accounted for over 60% of the company's top line. India sales rose almost 1% and contributed to over 13% of revenues. Sales to the rest of the world rose over 6% sequentially while contributing to over 8% of the company's top line. Europe was the only region where the company's sales declined in the June quarter. The region contributed to 18% of the company's revenue, but revenue from the region fell almost 1%.

 

L&T Technology said its large deal momentum continues to be strong. It won one deal valued above $30 million and another valued over $20 million during the quarter. Besides other smaller deals, the company got four deals valued at $10 million each. "Our aspiration of achieving 13-15?GR (compounded annual growth rate) over the next five years reflects both the strength of our strategy and the confidence we have in our execution," Amit Chadha, chief executive officer and managing director, said in a press release. The company had a total of 423 active clients as on Jun. 30, up from 417 reported a quarter ago.

 

L&T Tech's headcount was almost unchanged at 23,845 as of Jun. 30 from 23,830 as of Mar. 31. Its 12-month voluntary attrition was also unchanged on quarter at 14.7%.

 

Tuesday, shares of the company ended at INR 3,293.10 on the National Stock Exchange, down slightly from Monday.  End

 

US$1 = INR 96.20

 

Edited by Rajeev Pai

 

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