L&T Technology Services (LTTS), a prominent player in AI, Digital & ER&D Consulting Services, has achieved a significant milestone by securing Caterpillar's Supplier Excellence Recognition (SER) for the second consecutive year. This recertification, announced at Caterpillar's Supplier Excellence Recognition event, underscores LTTS' commitment to maintaining high standards in its strategic partnership within the Mobility segment.

Key Highlights of the Recognition

• Consecutive Achievement: LTTS has been recertified, following its initial certification in the previous year.
• Strategic Partnership: As a key supplier to Caterpillar Inc., LTTS provides advanced engineering services supporting Caterpillar's global supply chain and sustainability initiatives.
• Recognition Criteria: Caterpillar's SER is awarded to select suppliers meeting stringent standards in quality assurance, timely delivery, innovation, and alignment with Caterpillar's values.

Impact on LTTS' Position

The recertification reinforces LTTS' standing as a reliable and innovative partner in the engineering services sector. Alind Saxena, Executive Director and President of Mobility and Tech at LTTS, emphasized the significance of this achievement, stating, "Being SER-certified two years in a row is a testament not just to our team's dedication, but also to the strength of our relationship with Caterpillar."

LTTS at a Glance

This recognition not only highlights LTTS' consistent performance but also its ability to meet the evolving needs of industry giants like Caterpillar. As the company continues to drive innovation and excellence in engineering services, this accolade is likely to strengthen its position in the global market and potentially attract more high-profile partnerships in the future.

The recertification serves as a strong indicator of LTTS' operational excellence and its alignment with the long-term vision of its strategic partners. For investors and industry observers, this consecutive recognition may signal LTTS' sustained growth trajectory and its potential for continued success in the competitive field of engineering and R&D services.

L&T Technology Services (L&T Tech) has unveiled its strategic vision, setting a revenue target of USD 2.00 billion for the fiscal year 2026 (FY26). This projection indicates the company's confidence in its growth trajectory and ability to capitalize on emerging opportunities in the technology services sector.

Growth Expectations

L&T Tech's management has expressed optimism about the company's growth prospects. The USD 2.00 billion revenue target for FY26 represents a significant increase from the company's current financial position, suggesting:

• Expansion plans
• Potential market share gains
• Anticipated increase in demand for its services

Financial Projections

In addition to its revenue target, L&T Tech has provided insights into its financial expectations:

• The company expects EBIT margins to be in the mid-16% range for Q4 FY'27 to Q1 FY'28.
• L&T Tech is targeting at least USD 200.00 million in deal wins for Q3 FY'26, which would be lower than Q2's USD 300.00 million in deal wins.

Strategic Implications

This forward-looking statement from L&T Tech carries several implications:

1. Market Confidence: The target suggests that L&T Tech's leadership has a positive outlook on both the company's capabilities and the overall market conditions.

2. Investment in Capabilities: To achieve such growth, L&T Tech may need to invest in:

   • Expanding its service offerings
   • Enhancing technological capabilities
   • Strengthening its workforce

3. Client Acquisition and Retention: The growth target likely involves strategies for:

   • Acquiring new high-value clients
   • Deepening relationships with existing clients
   • Possibly exploring new geographical markets

4. Industry Positioning: This goal positions L&T Tech as an ambitious player in the technology services sector, potentially attracting attention from investors and clients.

It's important to note that achieving such targets depends on various factors, including market conditions, global economic trends, and the company's execution capabilities. The projected deal wins for Q3 FY'26, being lower than the previous quarter, suggest potential fluctuations in the business environment.