L&T Technology Services (LTTS) kicked off FY26 with a steady bottomline performance despite a sequential revenue decline. The company in its financial report showed a consolidated net profit of Rs 315.7 crore for the quarter ended June 30, marking a 1 per cent rise compared to Rs 311 crore in Q4 FY25.
Revenue from operations was Rs 2,866 crore, a decline of 3.9 per cent QoQ compared to Rs 2,982 crore. Year-on-year, revenue rose a healthy 16 per cent indicating continued momentum across key verticals.
LTTS’ Q1 Revenue was $335.3 million, a decline of 2.9 per cent QoQ. Year-on-year, revenue grew 13.6 per cent. Revenue in constant currency was down 4.2 per cent QoQ and was up 12.8 per cent YoY.
EBIT for the quarter was Rs 381 crore and EBIT margin was flat at 13.3 per cent versus 13.2 per cent in the prior quarter. The quarter’s earnings per share (EPS) were nearly Rs 30.
Attrition ticks up; headcount dips sequentially
The company reported an attrition rate of 14.8 per cent for Q1 FY26, slightly higher than 14.3 per cent recorded in the preceding March quarter (Q4 FY25). Compared to the same quarter last year, the attrition rate remained unchanged. Total employee headcount fell by 632 employees sequentially to 23,626 in the June quarter.
However, on a year-on-year basis, LTTS added 49 employees, with total headcount standing at 23,577 in Q1 FY25
Order momentum remains strong
The company continued its large deal momentum in Q1 FY26 with over $200 million in total contract value (TCV) for the third consecutive quarter. This included one $50 million deal, three deals in the $20–30 million range, and six contracts worth over $10 million.
“In this dynamic macro environment, our multi-segment diversification strategy has proven resilient, with the Sustainability segment achieving double-digit annual growth,” said Amit Chadha, CEO and MD of LTTS.
He also announced the launch of PLxAI, the company’s proprietary AI framework designed to shorten the product development lifecycle. Initially incubated in the Mobility segment, PLxAI is now being adopted across verticals.
FY26 outlook
Buoyed by strong TCV and sustained client traction, LTTS has reiterated its guidance of double-digit revenue growth for FY26 and remains confident of achieving its medium-term goal of $2 billion revenue.
Doonited Affiliated: Syndicate News Hunt
This report has been published as part of an auto-generated syndicated wire feed. Except for the headline, the content has not been modified or edited by Doonited
