L&t Technology Services Ltd. · NSE:LTTS
L&t Technology Services — Q2 FY26 Earnings Presentation
17 slides from L&t Technology Services's earnings presentation, Oct 18, 2025
Slide 1: Cover letter to stock exchanges: Press Release and Investor Presentation
L&T Technology Services Limited A.M. Naik Tower,6th Floor, L&T Campus, Gate No.3, Jogeshwari-Vikhroli Link Road, Powai, Mumbai-400072. www.ltts.com October 17, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex Dala
Slide 2: L&T Technology Services reports 16% YoY growth in Q2FY26
L&T Technology Services reports 16% YoY growth in Q2FY26 Record High Large Deal TCV of ~USD 300 Mn Q2 Revenue of ₹2,980 crore, up 4.0% QoQ Q2 Net profit of ₹329 crore, up 4.1% QoQ Mumbai, October 17, 2025: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engineerin
Slide 3: Highlights and Recognitions
Highlights and Recognitions: • LTTS announced a multi-year membership agreement with the MIT Media Lab to collaborate on AI-led innovations in its Mobility, Sustainability and Tech segments • LTTS has once again been certified during Caterpillar’s 2025 Supplier Excellence Recognition (SER) event, fo
Slide 4: Second Quarter | FY26 Results
ENGINEERING THE CHANGE L&T TECHNOLOGY SERVICES LIMITED SECOND QUARTER | FY26 RESULTS Investor Release | Mumbai, India, October 17, 2025
Slide 5: Safe Harbour Statement
SAFE HARBOUR STATEMENT Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. L&T Technology Ser
Slide 6: Financial Highlights
FINANCIAL HIGHLIGHTS REVENUE IN INR • Revenue of ₹29,795 million for the quarter; up 4.0% QoQ and up 15.8% YoY REVENUE IN USD • Revenue of $337.1 million for the quarter; up 0.5% QoQ and up 9.9% YoY; in constant currency up 1.3% QoQ and up 10.4% YoY PROFIT IN INR • EBIT of ₹3,982 million for the qua
Slide 7: Message from the CEO & Managing Director
MESSAGE FROM THE CEO & MANAGING DIRECTOR LTTS’ strong momentum of large deal wins continued with a record high TCV of near-USD 300 Mn in the quarter which reflects the confidence our global clients have in our next-gen offerings. We delivered growth of 1.3% sequentially and 10.4% annually in CC term
Slide 8: Performance Highlights: Key Deal Wins
PERFORMANCE HIGHLIGHTS KEY DEAL WINS LTTS closed several multi-million dollar projects from global customers across segments. The major wins are listed below: • LTTS signed a $100 million multi-year agreement in its Sustainability segment with a U.S.-based industrial equipment manufacturer operating
Slide 9: Financial Performance
FINANCIAL PERFORMANCE INCOME STATEMENT (CONSOLIDATED) Amount in ₹ million Q2 FY25 Q1 FY26 Q2 FY26 QoQ YoY Revenue 25,729 28,660 29,795 4.0% 15.8% Cost of sales 18,192 20,625 21,462 Gross Profit 7,537 8,035 8,333 3.7% 10.6% Selling, General & Administration Expenses 2,877 3,411 3,425 EBITDA 4,660 4,6
Slide 10: Other Income
Amount in ₹ million OTHER INCOME Q2 FY25 Q1 FY26 Q2 FY26 Income from investments, net 333 305 272 Foreign exchange gains/(loss) 251 344 60 Others -53 -137 166 Total 531 512 498 PAGE 7 L&T TECHNOLOGY SERVICES | Q2 FY 26 - QUARTERLY RESULT
Slide 11: Balance Sheet and Cash Flow Summary (Consolidated)
Amount in ₹ million BALANCE SHEET (CONSOLIDATED) FY25 Q2 FY26 Assets Property and equipment 9,063 9,362 Intangible Assets and Goodwill 13,667 13,673 Accounts Receivable 29,165 31,987 Unbilled Revenues 5,953 6,838 Investments 13,096 13,846 Cash and Cash equivalents 15,658 14,918 Other current assets
Slide 12: Operational Performance
OPERATIONAL PERFORMANCE QoQ YoY In Constant Currency Q2 FY25 Q1 FY26 Q2 FY26 Growth Growth QoQ Growth YoY Growth Revenue (USD Mn) 306.7 335.3 337.1 0.5% 9.9% 1.3% 10.4% REVENUE BY SEGMENT Q2 FY25 Q1 FY26 Q2 FY26 QoQ Growth YoY Growth Mobility 35.5% 29.6% 29.0% -1.4% -10.1% Sustainability 30.8% 30.8%
Slide 13: Revenue Mix, Project Type and Client Profile
REVENUE MIX Q2 FY25 Q1 FY26 Q2 FY26 Onsite 41.7% 43.9% 43.6% Offshore 58.3% 56.1% 56.4% REVENUE BY PROJECT TYPE Q2 FY25 Q1 FY26 Q2 FY26 Fixed Price 37.5% 37.8% 38.1% Time and Material Contract 62.5% 62.2% 61.9% CLIENT PROFILE Q2 FY25 Q1 FY26 Q2 FY26 Number of Active Clients 373 459 450 30 Million do
Slide 14: Client Contribution, Employee Statistics, Exchange Rate
CLIENT CONTRIBUTION TO REVENUE Q2 FY25 Q1 FY26 Q2 FY26 Top 5 Clients 15.0% 15.1% 15.1% Top 10 Clients 26.5% 25.1% 25.0% Top 20 Clients 41.5% 38.2% 38.1% Client contribution is based on LTM (Last Twelve Months) revenue EMPLOYEE STATISTICS Q2 FY25 Q1 FY26 Q2 FY26 Total Headcount 23,698 23,626 23,678 B
Slide 15: Industry Recognitions and Other Highlights
INDUSTRY RECOGNITIONS • LTTS has once again been certified during Caterpillar’s 2025 Supplier Excellence Recognition (SER) event, following its certification in 2024 • Rated as Leaders by ISG in U.S.: • Medical Device Digital Services 2025 for Digital Engineering and Product Development, Post-Market
Slide 16: Patents and Corporate Social Responsibility
PATENTS At the end of Q2FY26, the patents portfolio of L&T Technology Services stood at 1,601, out of which 978 are co-authored with its customers and the rest are filed by LTTS. CORPORATE SOCIAL RESPONSIBILITY CORPORATE SOCIAL RESPONSIBILITY As part of its Social Responsibility mandate, LTTS undert
Slide 17: About L&T Technology Services
ABOUT L&T TECHNOLOGY SERVICES 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 sustenance services across products and processes. Purposeful. Agile. Innovation. is how we
L&t Technology Services — Q2 FY26 Earnings Presentation on 6ix