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Business Standard
17-07-2025
- Business
- Business Standard
LTTS gains after Q1 PAT climbs 1% QoQ to Rs 316 cr
L&T Technology Services (LTTS) advanced 1.94% to Rs 4,429.60 after the company's consolidated net profit increased 1.48% to Rs 315.70 crore despite a 3.9% decline in net sales to Rs 2,866 crore in Q1 FY26 over Q4 FY25. On a year on year basis, the company net profit rose 0.7% while revenue from operations jumped 16.4% in Q1 FY26. Profit before tax (PBT) stood at Rs 432.50 crore in Q1 FY26, up 1.22% QoQ and up 0.05% YoY. EBITDA stood at Rs 462.4 crore in Q1 FY26, registering a decline of 2.8% QoQ and up 1.4% YoY. The EBITDA margin increased to 16.1% in Q1 FY26 from 15.9% in Q4 FY25. In dollar terms, the company's revenue stood at $335.3 million in Q4 FY25, registering de-growth of 2.9% QoQ and growth of 13.6% YoY. In constant currency terms, revenue declined by 4.2% QoQ and up 12.8% YoY. During the quarter, the company recorded several new deal bookings, including one $50 million, three deals in the $20-30 million range, and six deals exceeding $10 million. At the end of Q1FY26, the companys patents portfolio stood at 1,550, out of which 952 are co-authored with clients and the rest are filed by the company At the end of Q1FY26, the companys employee strength stood at 23,626. Amit Chadha, CEO and managing director of L&T Technology Services, said, We commenced the fiscal year with strong momentum in large deals, continuing the trend from the previous quarters with both Europe and U.S. geographies growing on a sequential basis. Our multi segment diversification strategy has proven resilient, with the Sustainability segment achieving double-digit annual growth. Meanwhile, our 'Go Deeper to Scale' approach and investments in advanced technologies are strengthening client relationships and driving robust large deals total contract value (LD TCV). With AI and automation advancing rapidly, client engagements and deal wins are increasing, making AI central to our conversations and programs. Our engineers have deployed multiple programs for clients in AI and have filed 206 patents in this domain. Additionally, we are launching PLxAI, our proprietary AI framework which accelerates product development lifecycle for global clients. PLxAI was originally incubated in the Mobility segment but has now been scaled and propagated to other segments using our multi-vertical crosspollination approach. To service the increasing demand in specific areas, we opened a new design center in Plano, Texas. The center specializes in advanced technologies, cybersecurity, and AI. This strategic investment made ahead of the curve offers higher value services with closer proximity to our clients, aligning with their future growth. Backed by an increased order book and a focus on resilience and profitable growth, we expect to clock double-digit growth in FY26 and maintain our medium-term outlook of $2 billion revenue. 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.
Time of India
17-07-2025
- Business
- Time of India
L&T Tech shares in focus after Q1 profit edges up, revenue rises 16% YoY
L&T Tech shares: Operating revenue increased by 16% year-on-year to ₹2,866 crore in Q1FY25, up from ₹2,462 crore in the same quarter last year. However, it saw a 4% decline compared to the previous quarter's ₹2,982 crore. Profit after tax (PAT) rose 1.5% quarter-on-quarter, reaching ₹311 crore in Q4FY25. Tired of too many ads? Remove Ads Management commentary Tired of too many ads? Remove Ads Guidance Shares of L&T Technology Services (LTTS) will be in focus on Thursday after the company reported a marginal 0.7% year-on-year (YoY) increase in consolidated net profit for the June 2025 quarter at Rs 316 crore, compared to Rs 314 crore in the same period last from operations rose 16% YoY to Rs 2,866 crore from Rs 2,462 crore in Q1FY25. However, revenue declined 4% sequentially from Rs 2,982 crore in the March quarter. Profit after tax (PAT) was up 1.5% quarter-on-quarter from Rs 311 crore in revenue for the quarter stood at $335.3 million, down 2.9% QoQ but up 13.6% YoY. In constant currency terms, revenue declined 4.2% QoQ and increased 12.8% YoY. EBIT stood at Rs 381 crore with an EBIT margin of 13.3%.Commenting on the company's earnings, CEO & Managing Director Amit Chadha said that LTTS exceeded $200 million in large deals TCV for the third straight quarter, continuing its deal momentum in Q1 with one $50 million win, three deals in $20-30 million range, and six over $10 million deals."In this dynamic macro environment, our multi-segment diversification strategy has proven resilient, with the Sustainability segment achieving double-digit annual growth. The 'Go Deeper to Scale' strategy and investments in new age technologies are leading to stronger partnerships with clients and a robust TCV booking," Chadha said that the company is launching PLxAI, its proprietary AI framework, which accelerates the product development lifecycle for global clients. "PLxAI combines smart prompting, contextual intelligence, and agentic workflows to significantly reduce product lifecycle. PLxAI was originally incubated in the Mobility segment, but has now been scaled and propagated to other segments using our multi-vertical cross-pollination approach," he by an increased order book and a focus on resilience and profitable growth, the company expects to clock double-digit growth in FY26 and maintains its medium-term outlook of $2 billion revenue,' said Chadha.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Mint
16-07-2025
- Business
- Mint
L&T Tech Q1 Results: Net profit rises just 1% YoY to ₹316 crore; revenue jumps 16.4%
L&T Tech Q1 Results: L&T Technology Services Ltd, a listed subsidiary of Larsen & Toubro (L&T), declared the April to June quarter results for fiscal 2025-26 (Q1FY26) on Wednesday, July 16. The company reported a 0.7 per cent marginal increase in consolidated net profit at ₹ 316.1 crore compared to ₹ 313.9 crore in the same quarter of the previous year. The company's revenue from operations for the quarter ended on June 30, 2025 rose by 16.4 per cent to ₹ 2,866 crore from ₹ 2,461 crore in the corresponding period last year. The total expenses of L&T Tech for the first quarter of FY26 surged by 19.5 per cent to ₹ 2,501 crore compared to ₹ 2,091 crore in the same period a year ago. The earnings per share (EPS) per share stood at ₹ 29.06. L&T Tech aims to report a double-digit growth for the fiscal year 2025-26. "Backed by an increased order book and a focus on resilience and profitable growth, we expect to clock double-digit growth in FY26 and maintain our medium-term outlook of USD 2 billion revenue,' said Amit Chadha, CEO and Managing Director of L&T Technology Services. 'We are launching PLxAI, our proprietary AI framework which accelerates product development lifecycle for global clients. PLxAI was originally incubated in the Mobility segment but has now been scaled and propagated to other segments using our multi-vertical crosspollination approach,' he added.
Time of India
16-07-2025
- Business
- Time of India
L&T Tech Q1 Results: Cons PAT up marginally YoY, revenue surges 16%
L&T Technology Services reported a marginal 0.7% increase in its June quarter consolidated net profit at Rs 316 crore versus Rs 314 crore reported by the company in the year ago period. Company's revenue from operations in Q1FY26 stood at Rs 2,866 crore compared to Rs 2,462 crore in the corresponding quarter of the last financial year, jumping by 16%. The profit after tax (PAT) was up by 1.5% on the quarter-on-quarter basis versus Rs 311 crore reported in Q4FY25 while the topline fell 4% versus Rs 2,982 crore in the January-March quarter. Explore courses from Top Institutes in Select a Course Category Healthcare Design Thinking Management PGDM Public Policy Data Science Finance MBA Others Leadership Technology Project Management healthcare Degree Artificial Intelligence others Operations Management Digital Marketing CXO Data Science MCA Product Management Data Analytics Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo LTTS' dollar revenue stood at $335.3 million for the quarter under review, declining 2.9% QoQ while rising by 13.6% YoY. In constant currency terms, revenue was down 4.2% QoQ and up 12.8% YoY. The Earnings Before Interest, Taxes, Depreciation and Amortisation (EBIT) was reported at Rs 381 crore in the quarter gone by while EBIT margin stood at 13.3%. Management commentary Commenting on company's earnings, CEO & Managing Director Amit Chadha said that LTTS exceeded $200 million in large deals TCV for the third straight quarter, continuing its deal momentum in Q1 with one $50 million win, three deals in $20-30 million range, and six in excess of $10 million deals. Live Events "In this dynamic macro environment, our multi-segment diversification strategy has proven resilient, with the Sustainability segment achieving double-digit annual growth. The 'Go Deeper to Scale' strategy and investments in new age technologies are leading to stronger partnerships with clients and a robust TCV booking," Chadha said. Chadha said that the company is launching PLxAI, its proprietary AI framework, which accelerates product development lifecycle for global clients. "PLxAI combines smart prompting, contextual intelligence, and agentic workflows to significantly reduce product lifecycle. PLxAI was originally incubated in the Mobility segment, but has now been scaled and propagated to other segments using our multi-vertical cross pollination approach," he informed. Guidance Backed by an increased order book and a focus on resilience and profitable growth, the company expects to clock double-digit growth in FY26 and maintains its medium-term outlook of $2 billion revenue,' said Chadha.
