L&T Technology Services share price
NSE: LTTSBSE: 540115IT - ServicesMid Cap
L&T Technology Services Limited · Face value ₹2 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Sep 2016 · Issue price ₹860
Last close ₹4,088.10down ₹86.10 (2.06%)BSE ₹4,088.90
Share price at the NSE close on 28 Oct 2026. Previous close ₹4,174.20.
28 Oct: open ₹4,140.00, high ₹4,151.80, low ₹4,024.30
52-week range of traded prices to 28 Oct 2026
₹3,010.00Low, 13 Mar 2026₹4,726.00High, 4 Dec 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹43,369 Cr231st largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 28.17
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 6.12
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.47%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 23.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 25.6%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 2,15,095
About L&T Technology Services
L&T Technology Services Limited is an engineering research and development (ER&D) services company that designs, develops, tests and supports products and processes for its clients.12 Its clients are in industrial products, medical devices, transportation, telecom and hi-tech, and process industries.2 Headquartered in India, it serves clients in North America, Europe, India and the rest of the world.23
It reports in 3 segments: Mobility, covering automotive, aerospace, rail, and trucks and off-highway vehicles; Sustainability, covering discrete manufacturing, industrial products and process manufacturing; and Tech, covering hi-tech, MedTech, and software and platforms.456 At the end of Sep 2026 it had 24,035 employees across 21 global design centres, 31 global sales offices and 111 innovation labs.2
It was incorporated in 2012.7 Its shares were listed on the National Stock Exchange and the Bombay Stock Exchange in 2016, after an initial public offering.8 It bought Intelliswift, a software and platforms business based in Silicon Valley, in the quarter to Mar 2025.910
Larsen & Toubro Limited, its holding company, owned 73.57% of its equity share capital at the end of Mar 2026.1
L&T Technology Services key points
Results
- In the quarter to Sep 2026, consolidated revenue was ₹30,404 million, up 12.1% from a year earlier in rupees and 4.8% in US dollars at constant currency (without exchange-rate changes), against a year-earlier quarter restated to continuing operations (businesses it still owns).1112
- In the quarter to Sep 2026, the company's EBIT (earnings before interest and tax) was ₹4,966 million, a 16.3% margin, up 220 basis points (hundredths of a percentage point) from a year earlier.13
- In the quarter to Sep 2026, the company's net income was ₹5,482 million, up 66.8% from a year earlier, including a one-time gain of ₹1,650 million from selling the Smart World and Communication business.14
- In the year to Mar 2026, consolidated revenue rose 14.0% to ₹109,959 million, with EBIT of ₹15,898 million and profit after tax of ₹12,818 million; year-earlier figures are restated to continuing operations.1516
Business segments
- Consolidated revenue and share by segment, year to Mar 20261718
Item year to Mar 2026 year to Mar 2025 Sustainability ₹38,284 million, 34.8% ₹32,167 million, 33.4% Tech ₹36,598 million, 33.3% ₹29,168 million, 30.3% Mobility ₹35,077 million, 31.9% ₹35,087 million, 36.4% - Sustainability. In the quarter to Sep 2026, Sustainability's revenue grew 13.4% from a year earlier and its segment margin (operating profit as a share of revenue, before costs not assigned to segments) was 29.5%.1920
- Mobility. In the quarter to Sep 2026, Mobility's revenue rose 2.3% from the previous quarter, led by North American automotive, aerospace, rail, and trucks and off-highway vehicles; Mobility's segment margin was 16.9%.2122
- Tech. In the quarter to Sep 2026, Tech's revenue fell 8.5% from a year earlier and 0.9% from the previous quarter; Tech's segment margin was 12%.2324
Revenue mix
- In the quarter to Sep 2026, 55.9% of revenue came from offshore work (done away from client sites) and 35.6% from fixed-price contracts (a set price rather than billing for time and materials).25
- Revenue from AI-led work (counted where AI creates a significant part of a deliverable) ran at an annualised $120 million in the quarter to Sep 2026, around 9.5% of revenue.262728
Where revenue comes from
Clients and large deals
- In the year to Mar 2026 it had 417 clients, including 57 of the world's top 100 research and development spenders, and 90% of its business was repeat business. Its customer base includes 69 Fortune 500 companies.303
- By its own count it works with 6 of the top 10 automotive companies, 4 of the top 5 hyperscalers (the largest cloud computing providers) and 10 of the top 10 medical device makers.31
- Large deals signed in the quarter to Sep 2026 had a total contract value (full value over the contract's life) of $203 million, over 50% AI-led; the company said its pipeline was up more than 25% from a year earlier.3233
- In the year to Mar 2026, large deals totalled $855 million, a 40% rise in large deal value, across all 3 segments.34
Research and development
- At the end of Sep 2026 its patent portfolio stood at 1,808, of which 1,085 were co-authored with clients; its AI patent filings crossed 253.3532
- Its EIOne platform holds more than 100 solutions for Engineering Intelligence (EI, a framework that combines engineering, AI and digital technologies), with partners including Anthropic, NVIDIA and Databricks.36
What the company expects
- In its presentation of 19 Oct 2026, the company said it aspires to revenue growth of 13% to 15% a year with EBIT margins of 16% to 17% over the next 5 years.36
- On its earnings call of 19 Oct 2026, the company said it had reached its mid-16% EBIT margin aim ahead of time and aims to hold that level in the near term, including the effect of wage increases in the quarter to Dec 2026.3738
- On its earnings call of 19 Oct 2026, the company said the half year to Mar 2027 would be better than the half year to Sep 2026, year on year and sequentially, while describing the quarter then under way as muted.39
Recent events
- On 19 Oct 2026 the company announced an interim dividend of ₹20 per share, with a record date (the day that decides who receives it) of 27 Oct 2026.13
- On 1 Sep 2026 the company completed the sale of its Smart World and Communication business to AMI Paradigm Solutions Private Limited for ₹452 crore, subject to adjustments, as agreed on 25 Mar 2026.4041
- On 19 Aug 2026 the company announced a 5-year engagement worth over $75 million with a global technology company, including a dedicated engineering centre.42
Last updated
All 42 sources, each with its page
- 1. Annual report, 9 May 2026, page 359
- 2. Investor presentation, 19 Oct 2026, page 17
- 3. Annual report, 9 May 2026, page 11
- 4. Annual report, 9 May 2026, page 156
- 5. Annual report, 9 May 2026, page 139
- 6. Annual report, 9 May 2026, page 140
- 7. Annual report, 9 May 2026, page 137
- 8. Annual report, 9 May 2026, page 45
- 9. Annual report, 9 May 2026, page 12
- 10. Annual report, 9 May 2026, page 156
- 11. Investor presentation, 19 Oct 2026, page 6
- 12. Investor presentation, 19 Oct 2026, page 9
- 13. Investor presentation, 19 Oct 2026, page 6
- 14. Investor presentation, 19 Oct 2026, page 6
- 15. Annual report, 9 May 2026, page 9
- 16. Annual report, 9 May 2026, page 148
- 17. Annual report, 9 May 2026, page 398
- 18. Annual report, 9 May 2026, page 156
- 19. Earnings call, 19 Oct 2026, page 7
- 20. Earnings call, 19 Oct 2026, page 8
- 21. Earnings call, 19 Oct 2026, page 5
- 22. Earnings call, 19 Oct 2026, page 8
- 23. Investor presentation, 19 Oct 2026, page 12
- 24. Earnings call, 19 Oct 2026, page 9
- 25. Earnings call, 19 Oct 2026, page 9
- 26. Earnings call, 19 Oct 2026, page 15
- 27. Earnings call, 19 Oct 2026, page 17
- 28. Earnings call, 19 Oct 2026, page 18
- 29. Annual report, 9 May 2026, page 157
- 30. Annual report, 9 May 2026, page 35
- 31. Annual report, 9 May 2026, page 230
- 32. Earnings call, 19 Oct 2026, page 4
- 33. Earnings call, 19 Oct 2026, page 14
- 34. Annual report, 9 May 2026, page 14
- 35. Investor presentation, 19 Oct 2026, page 16
- 36. Investor presentation, 19 Oct 2026, page 7
- 37. Earnings call, 19 Oct 2026, page 9
- 38. Earnings call, 19 Oct 2026, page 16
- 39. Earnings call, 19 Oct 2026, page 16
- 40. Exchange filing, 1 Sep 2026, page 1
- 41. Exchange filing, 25 Mar 2026, page 3
- 42. Exchange filing, 19 Aug 2026, page 1
Results
Consolidated; ₹ crore.L&T Technology Services quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +2.4%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +20.5%
Quarter to Sep 2026
- Revenue
- ₹3,040 Cr
- Net profit
- ₹549 Cr
Revenue by quarter
Net profit by quarter, a loss in red
The quarters either side of a change of basis do not compare. From the quarter to Mar 2026, the company's revenue for the year to Mar 2026, ₹10,996 Cr, differs from its quarters added, ₹11,627 Cr. From the quarter to Sep 2026, the company reports a discontinued business.
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,653 | 2,982 | 2,866 | 2,980 | 2,924 | 2,858 | 2,940 | 3,040 |
| Net profit | 320 | 310 | 316 | 329 | 303 | 333 | 357 | 549 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary | 12.0% | 10.4% | 11.0% | 11.0% | 10.4% | 11.6% | 12.1% | – |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share. Net margin is left blank for Sep 2026: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.
Year to Mar 2026, against the year before
- Revenue
- ₹10,996 Cr
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,281 Crup 1.39%
- Net margin
- 11.7%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2026, the company's revenue for that year, ₹10,996 Cr, differs from its quarters added, ₹11,627 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3,248 | 3,747 | 5,078 | 5,619 | 5,450 | 6,570 | 8,014 | 9,647 | 10,670 | 10,996 |
| Net profit | 425 | 507 | 768 | 822 | 667 | 961 | 1,174 | 1,306 | 1,264 | 1,281 |
| Net margin | 13.1% | 13.5% | 15.1% | 14.6% | 12.2% | 14.6% | 14.7% | 13.5% | 11.8% | 11.7% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- SustainabilitySustainability, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,828 Cr34.8%
- TechTech, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,660 Cr33.3%
- MobilityMobility, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,508 Cr31.9%
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2026: days before it are of the company before the change.L&T Technology Services PE ratio and valuation
Price to earnings
At or below today's level on 37% of 2,293 trading days since Jul 2017.
LowestHighest
Its median34.37Industry median18.30
Price to book
At or below today's level on 20% of 1,984 trading days since Oct 2018.
LowestHighest
Its median8.31Industry median1.65
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 89% of 2,478 trading days over the last 10 years.
LowestHighest
Its median0.99%Industry median0.85%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −28.8% | +0.8% | −31.2% | 1.9% |
| 3 years | −1.3% | +2.9% | −5.3% | 1.3% |
| 5 years | +4.5% | +13.8% | −9.2% | 1.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Mutual fund holdings
93 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 67 of the 72 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 2 more funds filed their first portfolio on record, holding it.All 93 funds holding L&T Technology Services
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 39
- CutCut. Funds that held fewer shares than at the end of the month before.
- 33
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 18
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 3
| Fund | |||
|---|---|---|---|
 Sundaram Mid Cap FundSundaram Mutual Fund | 5,40,000 | 1.26% | ₹174.3 Cr |
 SBI Midcap FundSBI Mutual Fund | 5,00,000 | 0.69% | ₹161.4 Cr |
 ICICI Prudential Technology FundICICI Prudential Mutual Fund | 4,28,511 | 1.11% | ₹138.3 Cr |
| SBI Dividend Yield FundSBI Mutual Fund | 2,84,782 | 1.14% | ₹91.9 Cr |
 HDFC Multi Cap FundHDFC Mutual Fund | 2,55,793 | 0.42% | ₹82.6 Cr |
 Canara Robeco Mid Cap FundCanara Robeco Mutual Fund | 2,48,681 | 1.61% | ₹80.3 Cr |
| SBI Technology Opportunities FundSBI Mutual Fund | 2,00,000 | 1.55% | ₹64.6 Cr |
| SBI ESG Exclusionary Strategy FundSBI Mutual Fund | 1,65,000 | 1.07% | ₹53.3 Cr |
 Tata Digital India FundTata Mutual Fund | 1,51,061 | 0.53% | ₹48.8 Cr |
| Canara Robeco Large and Mid Cap FundCanara Robeco Mutual Fund | 1,44,564 | 0.19% | ₹46.7 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 28 Oct 2025.L&T Technology Services insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 4 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
L&T Technology Services competitors and peers
IT Enabled Services, 115 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to L&T Technology Services in market cap.IT companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 Inventurus Knowledge SolutionsIKS | 29,044 | 38.03 | 10.37 | – | – | 33.3% | 29.6% | 0.00% |
 Tata TechnologiesTATATECH | 26,538 | 47.14 | 6.92 | +21.9% | −18.8% | 15.2% | 17.6% | 1.79% |
 Netweb Technologies IndiaNETWEB | 26,180 | 71.55 | 12.44 | +174.9% | +170.6% | 27.3% | 20.5% | 0.07% |
 SagilitySAGILITY | 21,202 | 20.66 | 2.07 | +28.5% | +28.5% | 10.7% | 12.9% | 0.33% |
 Affle 3iAFFLE | 20,123 | 42.12 | 5.51 | +19.8% | +19.2% | 14.5% | 13.8% | 0.00% |
 ESDS Software SolutionESDS | 14,906 | – | – | – | – | – | – | 0.00% |
 Black BoxBBOX | 14,415 | 63.78 | 11.20 | +12.2% | +5.1% | 22.1% | 23.1% | 0.12% |
 CyientCYIENT | 12,117 | 32.57 | 2.38 | +10.3% | −35.2% | 7.0% | 9.1% | 1.04% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.L&T Technology Services dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹58.00 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 27 Oct 2026 | Interim | ₹20.00 |
| 22 May 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹40.00 |
| 27 Oct 2025 | Interim | ₹18.00 |
| 6 Jun 2025 | Final | ₹38.00 |
| 25 Oct 2024 | Interim | ₹17.00 |
| 14 Jun 2024 | Final | ₹33.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.L&T Technology Services announcements
Oct 2026
19 Oct · Disclosure
L&T Technology Services share price by year
Each calendar year to 2025.L&T Technology Services share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 4,462.20 | −5.8% | 5,615.45 | 3,987.10 |
| 2024 | 4,737.40 | −9.8% | 5,829.00 | 4,359.00 |
| 2023 | 5,254.95 | +42.7% | 5,329.15 | 3,230.70 |
| 2022 | 3,683.55 | −34.2% | 5,916.30 | 2,955.25 |
| 2021 | 5,598.95 | +139.3% | 5,675.50 | 2,348.60 |
| 2020 | 2,339.60 | +59.3% | 2,389.00 | 1,018.25 |
| 2019 | 1,468.45 | −14.0% | 1,774.60 | 1,413.10 |
| 2018 | 1,708.35 | +66.1% | 1,761.65 | 983.85 |
| 2017 | 1,028.25 | +30.5% | 1,105.20 | 717.05 |
| 2016 | 787.90 | – | 870.65 | 753.00 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2016 is from its first session, 23 Sep 2016.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 4,035.50 | 4,190.00 | 3,995.10 | 4,174.20 | 4,118.43 | 3,71,312 | 33.4% |
| 26 Oct 2026 | 3,900.00 | 4,059.00 | 3,885.40 | 4,035.60 | 4,011.68 | 4,57,096 | 18.5% |
| 23 Oct 2026 | 3,975.50 | 4,041.00 | 3,890.00 | 3,910.30 | 3,930.88 | 5,99,040 | 29.5% |
| 22 Oct 2026 | 3,960.90 | 4,050.00 | 3,841.00 | 3,954.80 | 3,935.31 | 14,33,236 | 12.9% |
| 21 Oct 2026 | 3,830.70 | 4,143.00 | 3,787.50 | 3,996.30 | 3,987.37 | 82,08,436 | 8.0% |
| 19 Oct 2026 | 3,704.70 | 3,735.60 | 3,580.00 | 3,611.30 | 3,663.06 | 1,04,714 | 37.2% |
| 16 Oct 2026 | 3,679.00 | 3,785.00 | 3,650.00 | 3,714.60 | 3,719.87 | 87,070 | 28.4% |
| 15 Oct 2026 | 3,628.90 | 3,745.00 | 3,562.80 | 3,686.80 | 3,666.68 | 1,81,007 | 39.5% |
| 14 Oct 2026 | 3,415.10 | 3,630.00 | 3,398.00 | 3,613.40 | 3,566.18 | 1,82,370 | 42.5% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- LTTS
- BSE code
- 540115
- ISIN
- INE010V01017
- Industry
- IT - Services
- Website
- www.ltts.com
- CIN
- L72900MH2012PLC232169
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2012
- Registered office
- L&T House,, N.M. Marg,, Ballard Estate, Mumbai 400001, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
In BSE 200, Nifty 500, BSE 500, Nifty Midcap 150, BSE 150 MidCap Index, BSE MidCap