L&T Technology Services Q2 results, quarter to Sep 2026

NSE: LTTSBSE: 540115IT - ServicesMid Cap

L&T Technology Services Limited · Face value ₹2 · Listed Sep 2016 · Issue price ₹860

₹4,280.20₹97.60 (2.33%)BSE ₹4,279.25

Share price at the NSE close on 30 Oct 2026. Previous close ₹4,182.60.

30 Oct: open ₹4,200.00, high ₹4,297.40, low ₹4,170.00

52-week range of traded prices to 30 Oct 2026

₹3,010.00Low, 13 Mar 2026₹4,726.00High, 4 Dec 2025

Market cap: ₹45,407 Cr231st largest listed
P/E: 29.49
P/B: 6.41
Dividend yield: 1.40%
ROE: 23.2%
ROCE: 25.6%
Debt to equity: 0.00
Volume, NSE: 2,60,49245.1% delivered

L&T Technology Services filed its Q2 results for the quarter to Sep 2026 on 19 Oct 2026 at 4:32 pm, consolidated: the company and its subsidiaries together.

Q2 results, quarter to Sep 2026

₹ crore.L&T Technology Services annual results and balance sheet

Revenue: ₹3,040 Cr
Operating profit: ₹586 Cr
Net profit: ₹549 Cr
Earnings per share: ₹51.67
Operating margin: 19.3%
Net margin: Left blank

From revenue to net profit, ₹ crore

Revenue3,040
Employee costs−1,752
Other expenses−703
Operating profit586
Depreciation−89
Other income+31
Finance costs−14
Profit before tax514
Tax−133
Discontinued businesses+169
Net profit549

L&T Technology Services results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Sep 2026. Results for the quarter to Dec 2026 are due by 14 Feb 2027, 45 days after it ends. Every company's dates are on the results calendar.Results filings and date

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023	Jun 2023Q1	Sep 2023	Dec 2023Q3	Mar 2024	Jun 2024Q1	Sep 2024	Dec 2024Q3	Mar 2025Q4	Jun 2025Q1Filed 16 Jul	Sep 2025Q2Filed 17 Oct	Dec 2025Q3Filed 15 Jan	Mar 2026Q4	Jun 2026Q1	Sep 2026Q2Filed 19 Oct
Revenue from operations	1,688	1,756	1,874	1,995	2,049	2,096	2,301	2,387	2,422	2,538	2,462	2,573	2,653	2,982	2,866	2,980	2,924	2,858	2,940	3,040
	1,320	1,376	1,473	1,573	1,607	1,647	1,849	1,911	1,934	2,035	2,006	2,107	2,158	2,507	2,404	2,489	2,410	2,337	2,392	2,455
Materials and goods bought	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Employee costs	922	949	1,068	1,153	1,176	1,167	1,215	1,242	1,254	1,219	1,332	1,385	1,395	1,577	1,591	1,601	1,643	1,682	1,713	1,752
Other expenses	398	427	404	421	431	481	634	669	680	816	674	722	763	930	812	888	767	655	679	703
Operating profit before depreciation	367	381	401	422	441	449	453	476	488	503	456	466	495	476	462	491	514	521	548	586
Operating margin	21.8%	21.7%	21.4%	21.1%	21.5%	21.4%	19.7%	19.9%	20.1%	19.8%	18.5%	18.1%	18.6%	15.9%	16.1%	16.5%	17.6%	18.2%	18.6%	19.3%
Depreciation and amortisation	53	53	58	59	58	57	57	68	72	75	73	78	73	82	81	93	87	87	87	89
Other income	37	42	45	39	74	50	48	41	62	56	62	65	34	49	68	66	33	55	29	31
Finance costs	11	11	11	13	12	11	12	13	13	13	13	12	16	16	17	16	15	17	14	14
Profit before one-off items and tax	340	359	377	389	446	432	431	436	466	471	433	441	440	427	433	448	446	473	476	514
One-off items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	−35	−37	0	0
Profit before tax	340	359	377	389	446	432	431	436	466	471	433	441	440	427	433	448	410	436	476	514
	91	96	102	106	141	121	119	120	129	130	119	121	120	117	116	119	107	116	124	133
Current tax	91	96	104	106	127	112	118	121	123	110	120	113	127	116	112	105	113	122	123	143
Deferred tax	−1	0	−1	0	14	9	1	0	6	20	−1	8	−6	1	4	14	−6	−6	1	−9
Tax rate	26.7%	26.6%	27.1%	27.2%	31.6%	28.0%	27.6%	27.6%	27.6%	27.5%	27.5%	27.4%	27.4%	27.4%	26.9%	26.5%	26.1%	26.6%	26.0%	26.0%
Profit from discontinued businesses	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13	5	169
	250	263	275	283	305	311	312	316	337	341	314	320	320	310	316	329	303	333	357	549
Belonging to the company's shareholders	249	262	274	282	304	310	311	315	336	341	314	320	322	311	316	329	303	332	357	548
Belonging to outside owners of subsidiaries	1	1	1	1	1	1	1	1	1	1	0	0	−3	−1	0	1	1	1	1	1
Other comprehensive income	46	1	−49	−99	−17	19	57	−37	0	23	20	−29	−46	32	−39	−102	−6	−163	107	−3
Total comprehensive income	296	265	226	184	288	330	369	279	337	364	334	291	274	342	277	227	298	170	464	546
Net margin	14.8%	15.0%	14.7%	14.2%	14.9%	14.8%	13.6%	13.2%	13.9%	13.5%	12.8%	12.4%	12.0%	10.4%	11.0%	11.0%	10.4%	11.6%	12.1%	–
Earnings per share	₹23.61	₹24.83	₹25.98	₹26.75	₹28.75	₹29.32	₹29.45	₹29.84	₹31.80	₹32.25	₹29.65	₹30.20	₹30.47	₹29.38	₹29.81	₹31.02	₹28.56	₹31.34	₹33.62	₹51.67
Diluted earnings per share	₹23.56	₹24.78	₹25.95	₹26.68	₹28.66	₹29.22	₹29.38	₹29.76	₹31.72	₹32.16	₹29.57	₹30.12	₹30.40	₹29.32	₹29.77	₹30.97	₹28.52	₹31.29	₹33.59	₹51.61

Earnings per share in rupees, restated for later splits and bonuses. 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.

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.

Segment results by quarter

Consolidated, ₹ crore, quarters to Sep 2026.L&T Technology Services segment results by year

Sustainability
Revenue, ₹ crore
740
792
826
858
882
941
973
1,033
1,090
1,157
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
201
201
205
199
242
264
281
297
318
342
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Tech
Revenue, ₹ crore
856
868
969
1,251
1,136
1,174
1,071
910
901
902
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
108
100
142
127
102
106
114
114
104
108
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Mobility
Revenue, ₹ crore
866
912
858
873
848
865
880
915
949
982
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26
Profit, ₹ crore
163
178
165
165
129
128
130
147
148
166
Dec 23Mar 24Jun 24Sep 24Dec 24Mar 25Jun 25Sep 25Dec 25Mar 26Jun 26Sep 26

₹ crore	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Revenue of all businesses	2,422	2,538	2,462	2,573	2,653	2,982	2,866	2,980	2,924	2,858	2,940	3,040
Company revenue, as in its results	2,422	2,538	2,462	2,573	2,653	2,982	2,866	2,980	2,924	2,858	2,940	3,040
Revenue	–	–	740	792	826	858	882	941	973	1,033	1,090	1,157
Revenue growth	–	–	–	–	–	–	19.1%	18.8%	17.8%	–	–	–
Profit	–	–	201	201	205	199	242	264	281	297	318	342
Profit growth	–	–	–	–	–	–	20.3%	31.3%	37.2%	–	–	–
Margin	–	–	27.1%	25.4%	24.8%	23.2%	27.4%	28.1%	28.8%	28.7%	29.1%	29.5%
Revenue	–	–	856	868	969	1,251	1,136	1,174	1,071	910	901	902
Revenue growth	–	–	–	–	–	–	32.8%	35.1%	10.5%	–	–	–
Profit	–	–	108	100	142	127	102	106	114	114	104	108
Profit growth	–	–	–	–	–	–	−6.1%	6.3%	−19.9%	–	–	–
Margin	–	–	12.6%	11.5%	14.7%	10.1%	8.9%	9.0%	10.6%	12.6%	11.5%	12.0%
Revenue	–	–	866	912	858	873	848	865	880	915	949	982
Revenue growth	–	–	–	–	–	–	−2.1%	−5.2%	2.6%	–	–	–
Profit	–	–	163	178	165	165	129	128	130	147	148	166
Profit growth	–	–	–	–	–	–	−20.7%	−27.9%	−21.1%	–	–	–
Margin	–	–	18.8%	19.5%	19.2%	18.8%	15.2%	14.8%	14.8%	16.1%	15.6%	16.9%
Revenue	804	811	–	–	–	–	–	–	–	–	–	–
Revenue growth	9.4%	12.0%	–	–	–	–	–	–	–	–	–	–
Profit	164	162	–	–	–	–	–	–	–	–	–	–
Profit growth	9.7%	30.1%	–	–	–	–	–	–	–	–	–	–
Margin	20.4%	20.0%	–	–	–	–	–	–	–	–	–	–
Revenue	416	401	–	–	–	–	–	–	–	–	–	–
Revenue growth	6.6%	−0.9%	–	–	–	–	–	–	–	–	–	–
Profit	123	128	–	–	–	–	–	–	–	–	–	–
Profit growth	4.0%	7.8%	–	–	–	–	–	–	–	–	–	–
Margin	29.7%	32.0%	–	–	–	–	–	–	–	–	–	–
Revenue	339	360	–	–	–	–	–	–	–	–	–	–
Revenue growth	6.4%	7.5%	–	–	–	–	–	–	–	–	–	–
Profit	92	91	–	–	–	–	–	–	–	–	–	–
Profit growth	4.0%	−3.9%	–	–	–	–	–	–	–	–	–	–
Margin	27.1%	25.2%	–	–	–	–	–	–	–	–	–	–
Revenue	248	222	–	–	–	–	–	–	–	–	–	–
Revenue growth	13.4%	−5.1%	–	–	–	–	–	–	–	–	–	–
Profit	67	71	–	–	–	–	–	–	–	–	–	–
Profit growth	−7.0%	−13.5%	–	–	–	–	–	–	–	–	–	–
Margin	27.2%	31.8%	–	–	–	–	–	–	–	–	–	–
Revenue	–	744	–	–	–	–	–	–	–	–	–	–
Profit	–	80	–	–	–	–	–	–	–	–	–	–
Margin	–	10.8%	–	–	–	–	–	–	–	–	–	–
Revenue	615	–	–	–	–	–	–	–	–	–	–	–
Revenue growth	59.1%	–	–	–	–	–	–	–	–	–	–	–
Profit	61	–	–	–	–	–	–	–	–	–	–	–
Profit growth	32.7%	–	–	–	–	–	–	–	–	–	–	–
Margin	10.0%	–	–	–	–	–	–	–	–	–	–	–

Profit is before tax and finance costs, the way companies report their segments.

Q2 results, quarter to Sep 2026

From revenue to net profit, ₹ crore

L&T Technology Services results by quarter

Revenue and net profit by quarter, ₹ crore

Operating and net margin by quarter, per cent

Segment results by quarter

Sustainability

Tech

Mobility