L&T Technology Services Ltd (LTTS), a global provider of AI, digital and engineering R&D (ER&D) services, reported a 23.6% increase in net profit at ₹3,467 million for the March-ended quarter of FY26 over the corresponding period last year.
Revenue for the quarter rose 8.3% to ₹28,579 million. USD revenue grew 0.3% to $306 million.
Full-year performance, deal wins
For FY26, revenue grew 14% to ₹1,09,959 million, while net income increased 7.4% to ₹12,818 million. The board has declared a final dividend of ₹40 per share.
The company’s total contract value (TCV) of large deal bookings crossed $850 million during the year, with LTTS sustaining momentum by marking its sixth consecutive quarter of over $200 million in TCV.
Strategy and growth focus
L&T Technology Services, Chief Executive Officer & Managing Director Amit Chadha, said: “Anticipating the business landscape and technology shifts over the next five years, we recalibrated our portfolio to focus on profitable growth business, driven by forward-looking technologies. Our continued operations (excluding divested business) posted FY26 growth of 8.3% at $1,233 million.
“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 stabilised with new deal wins and is poised for growth,” he said.
AI, innovation and outlook
Chadha said the company’s performance is being driven by a sharper and more focused organisation anchored in its Engineering Intelligence (EI) approach, where engineering converges with AI and digital technologies.
He said the company has surpassed 235 AI patents, taking its total patent portfolio to over 1,700.
“As part of our five-year Lakshya 31 plan, we aspire to deliver 13–15% CAGR over the next five years. We believe we will continue to grow faster than the industry supported by strong core capabilities and execution discipline,” he said.