L&T Technology Services Ltd Share Price – NSE  / BSE

IT - Software, Small Cap

L&T Technology Services (LTTS) announced a strategic global partnership with Emerson (NYSE: EMR), a global automation leader and provider of advanced test and measurement solutions.

Under this engagement, LTTS will serve as a global System Integrator and technology development partner, supporting the design, deployment and lifecycle enablement of advanced systems engineering platforms across industries. The partnership also introduces joint engagement approaches for customer projects, positioning LTTS as a key system integration partner for the NI test platform. The collaboration will focus on product engineering and solution development tailored for multiple sectors including Industrial, Transportation, Semiconductors, Aerospace & Defense where system performance, resilience and sustainability are critical.

As part of the partnership, LTTS will establish a dedicated Centre of Excellence (CoE) at its Mysuru campus in India. The CoE will be based on the NI test and measurement platform and will function as a global hub for joint solution development, industrialization and applied innovation, leveraging NI software and hardware to accelerate product development and engineering, test automation and validation workflows. Key focus areas also include joint go-to-market initiatives, development of industry-specific solutions, license enablement and extended client support models.

The company?s revenue in USD terms was $305.9 million, down 1.7% QoQ. In constant currency terms, revenue contracted by 1.1% sequentially.

In Q3 FY26, cost of sales added up to Rs 1,938.4 crore (up 0.4% QoQ) while selling, general & administration expenses aggregated to Rs 398 crore (up 11.5% QoQ).

EBIT improved by 5.5% to Rs 434.9 crore in Q4 FY26 from Rs 412.4 crore recorded in Q3 FY26.

LTTS? FY26 TCV large deal bookings crossed $850 million. The company continued its large deal momentum, marking the sixth consecutive quarter of nearly $200 million in TCV. This includes one $75 million deal, two deals valued at over $20 million, one deal at over $15 million and three deals valued at over $10 million each.

At the end of Q4FY26, the patents portfolio of L&T Technology Services stood at 1,706, out of which 1,033 are co-authored with its customers and the rest are filed by LTTS.

As on 31 March 2026, LTTS? employee strength stood at 23,830.

For FY26, LTTS has reported net profit and total income of Rs 1,279.2 crore (up 1% YoY) and Rs 10,995.9 crore (up 14% YoY), respectively.

Amit Chadha, CEO & managing director, L&T Technology Services, said: Anticipating the business landscape and technology shifts over the next 5 years, we recalibrated our portfolio to focus on profitable growth business, driven by forward looking technologies.

We are also seeing encouraging momentum across key segments. Sustainability continues to scale strongly, supported by a robust pipeline of deal wins, while Mobility has stabilized with new deal wins and is poised for growth.

This overall performance is driven by a sharper, more focused organization, anchored in our approach to Engineering Intelligence (EI), where engineering converges with AI and digital technologies to deliver higher-value solutions and differentiated outcomes for our clients.

As part of our 5-year Lakshya 31-Plan, we aspire to deliver 13?15% CAGR over the next five years.

L&T Technology Services (LTTS) is a global leader in AI, Digital & ER&D consulting services. A listed subsidiary of Larsen & Toubro (L&T), the company offers design, development, testing, and sustenance services across products and processes.

The scrip fell 1.23% to currently trade at Rs 3507.90 on the BSE.

Net profit of L&T Technology Services rose 6.75% to Rs 332.10 crore in the quarter ended March 2026 as against Rs 311.10 crore during the previous quarter ended March 2025. Sales rose 8.34% to Rs 2857.90 crore in the quarter ended March 2026 as against Rs 2637.80 crore during the previous quarter ended March 2025.

For the full year,net profit rose 0.99% to Rs 1279.20 crore in the year ended March 2026 as against Rs 1266.70 crore during the previous year ended March 2025. Sales rose 14.04% to Rs 10995.90 crore in the year ended March 2026 as against Rs 9642.20 crore during the previous year ended March 2025.

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L&T Technology Services has allotted 4,250 equity shares under ESOP on 22 April 2026.