L&T Technology Services reported mixed Q3 results with consolidated net profit declining 6% year-on-year to ₹303.00 crore compared to ₹322.00 crore in the corresponding period last year. However, excluding exceptional charges related to new labour code implementation, the adjusted net profit grew 2% YoY to ₹329.00 crore. Revenue from operations showed strong momentum, increasing 10% YoY to ₹2,923.00 crore from ₹2,653.00 crore in Q3 of the previous year.

Financial Performance Overview

The company's financial metrics presented a mixed picture with strong revenue growth offset by margin pressures. Revenue in dollar terms reached $326.30 million for the quarter, declining 3.20% quarter-on-quarter but growing 4.60% year-on-year. In constant currency terms, revenue was down 2.80% QoQ and up 3.90% YoY, reflecting typical seasonal patterns and currency fluctuations. Latest quarterly data shows net profit of ₹300.00 crore compared to ₹329.00 crore in the previous quarter, while revenue stood at ₹2,900.00 crore versus ₹2,980.00 crore quarter-on-quarter.

Strong Deal Momentum Continues

L&T Technology Services sustained its impressive deal acquisition performance, marking the fifth consecutive quarter with total contract value (TCV) exceeding $200.00 million. The company secured several significant contracts during the quarter, including a major $70.00 million deal from a global original equipment manufacturer, a $30.00 million engagement, a $20.00 million programme, and five additional contracts each valued at more than $10.00 million.

Segment Performance and Strategic Focus

The sustainability segment continued its strong performance with double-digit year-on-year growth, while the mobility business showed early signs of recovery after experiencing weakness in previous quarters. Management highlighted the company's strategic positioning in high-growth areas including AI-led engineering services, digital transformation, and sustainability-focused solutions.

Innovation and Strategic Initiatives

The company's patent portfolio expanded to 1,655 patents at the end of the third quarter, with 1,007 co-authored with clients, demonstrating strong collaborative innovation capabilities. CEO & MD Amit Chadha emphasized the company's alignment with its five-year Lakshya strategy, focusing on high-growth and high-margin business areas. This strategic approach is beginning to reflect in financial performance, with EBIT margin improving by 120 basis points on a quarter-on-quarter basis.

Management Outlook

Chadha noted that the momentum in deal wins underlines the company's strong positioning in key growth areas. The management expressed confidence in the company's strategic direction, particularly highlighting the turnaround in the mobility segment and continued strength in sustainability services. The focus on Engineering Intelligence solutions and preparation for the comprehensive Lakshya strategy implementation remains a key priority for sustainable growth.

L&T Technology Services Limited has announced the superannuation of a senior management personnel, marking a significant leadership transition at the engineering and technology services company. The disclosure was made in accordance with regulatory requirements governing senior management changes.

Senior Management Transition

Ms. Seema Ghanekar, who served as Chief Segment Officer - Communications, Media, and Technology, has superannuated from the company's services effective from the close of business hours on December 31, 2025. The announcement was made through a formal disclosure to the stock exchanges as part of the company's compliance obligations.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the necessary documentation with both the National Stock Exchange of India Limited and BSE Limited, ensuring full compliance with regulatory requirements for senior management personnel changes.

The announcement was signed by Prasad Shanbhag, Company Secretary & Compliance Officer, and submitted to the exchanges on December 31, 2025. The disclosure included detailed annexures as required under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Company Information

L&T Technology Services Limited operates from its registered office at L&T House, N. M. Marg, Ballard Estate, Mumbai, and maintains its corporate office at A.M. Naik Tower in Powai, Mumbai. The company functions as a subsidiary of Larsen & Toubro Limited and trades on stock exchanges under the symbol LTTS on NSE and scrip code 540115 on BSE.

The superannuation represents a routine senior management transition as Ms. Ghanekar concludes her tenure in the Communications, Media, and Technology segment leadership role at the company.