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

IT - Software, Small Cap

L&T Technology Services announced that Rajkumar Ravindranathan, Chief Business Officer ? EMEA & RoW (Senior Management Personnel) of the Company has tendered his resignation from the services of the Company to pursue career opportunities outside the group from close of business hours of 31 January 2026.

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The company?s revenue in USD terms was 326.3 million, down 3.2% YoY. In constant currency terms, revenue contracted by 2.8% sequentially.

In Q3 FY26, cost of sales added up to Rs 2,046.6 crore (down 4.6% QoQ) while selling, general & administration expenses added up to Rs 363.1 crore (up 6% QoQ).

EBIT improved by 7.3% to Rs 427.1 crore in Q3 FY26 from Rs 398.2 crore recorded in Q2 FY26.

LTTS said that several large deal bookings were recorded in Q3, including large deals worth $70 million from a global OEM, along with a $30 million deal, a $20 million program, and 5 deals above $10 million.

At the end of Q3 FY26, the patents portfolio of L&T Technology Services stood at 1,655, out of which 1,007 are co-authored with clients and the rest are filed by LTTS.

As on 31 December 2025, LTTS? employee strength stood at 23,639.

Amit Chadha, CEO & managing director, L&T Technology Services, said: ?We sustained the momentum in large deal wins delivering an average TCV of $200 million for five consecutive quarters.

The Sustainability segment continued to grow double-digit on a YoY basis while Mobility is seeing a turnaround.

Our AI suite of offerings are evolving with the launch of new Agentic AI platforms, as we pivot to deliver full-stack Engineering Intelligence (EI) solutions, which integrates physical and digital AI for our clients? products and processes.

Aligning with our 5-year Lakshya plan, we are doubling down on value accretive high-growth & high margin areas. This is already yielding results, reflected in a 120 bps QoQ improvement, with Q3 EBIT margins at 14.6%,?

L&T Technology Services (LTTS) is a global leader in engineering and technology services. A listed subsidiary of Larsen & Toubro (L&T), we offer design, development, testing, and maintenance services across products and processes.

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Net profit of L&T Technology Services declined 6.14% to Rs 302.60 crore in the quarter ended December 2025 as against Rs 322.40 crore during the previous quarter ended December 2024. Sales rose 10.20% to Rs 2923.50 crore in the quarter ended December 2025 as against Rs 2653.00 crore during the previous quarter ended December 2024.

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L&T Technology Services will hold a meeting of the Board of Directors of the Company on 15 January 2026.

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