L&t Technology Services Ltd. · NSE:LTTS
L&t Technology Services — Q1 FY26 Earnings Presentation
17 slides from L&t Technology Services's earnings presentation, Jul 16, 2025
Slide 1: Cover letter to stock exchanges
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 July 16, 2025 National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra-Kurla Complex Phiroze Jeejeebhoy Towers, Bandra (East), Mumbai
Slide 2: L&T Technology Services reports 16% growth in Q1FY26
L&T Technology Services reports 16% growth in Q1FY26 Third consecutive quarter of USD 200+ Mn large deals TCV Q1 Revenue of ₹2,866 crore, up 16% YoY Q1 Net profit of ₹316 crore, up 1% YoY Mumbai, July 16, 2025: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s leading pure-play engin
Slide 3: Highlights and Recognitions
Highlights and Recognitions: • Inducted into John Deere Supplier Hall of Fame for Five Consecutive Years of Excellence. • Rated as Leaders in Engineering Research and Development Service Providers, 2025 by HFS • Rated as Leaders in Aerospace and Defense Services and Solutions 2025 – Overall Ecosyste
Slide 4: First Quarter FY26 Results
ENGINEERING THE CHANGE L&T TECHNOLOGY SERVICES LIMITED FIRST QUARTER | FY26 RESULTS Investor Release | Mumbai, India, July 16, 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 ₹28,660 million for for the quarter; down 3.9% QoQ and up 16.4% YoY REVENUE IN USD • Revenue of $335.3 million for the quarter; down 2.9% QoQ and up 13.6% YoY; in constant currency down 4.2% QoQ and up 12.8% YoY PROFIT IN INR • EBIT of ₹3,813 million
Slide 7: Message from the CEO & Managing Director
MESSAGE FROM THE CEO & MANAGING DIRECTOR For the third straight quarter, LTTS exceeded USD 200 Mn in Large Deals TCV, continuing its deal momentum in Q1 with one USD 50 Mn win, three deals in USD 20-30 Mn range, and six USD 10+ Mn deals. In this dynamic macro environment, our multi-segment diversifi
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: • thyssenkrupp Steering has selected LTTS as a strategic partner to establish a state-of-the-art software development center in Pune, India,
Slide 9: Financial Performance
FINANCIAL PERFORMANCE INCOME STATEMENT (CONSOLIDATED) Amount in ₹ million Q1 FY25 Q4 FY25 Q1 FY26 QoQ YoY Revenue 24,619 29,824 28,660 -3.9% 16.4% Cost of sales 17,403 21,540 20,625 Gross Profit 7,216 8,284 8,035 -3.0% 11.3% Selling, General & Administration Expenses 2,654 3,529 3,411 EBITDA 4,562 4
Slide 10: Other Income
Amount in ₹ million OTHER INCOME Q1 FY25 Q4 FY25 Q1 FY26 Income from investments, net 373 301 305 Foreign exchange gains/(loss) 83 21 344 Others 35 12 -137 Total 491 334 512 PAGE 7 L&T TECHNOLOGY SERVICES | Q1 FY 26 - QUARTERLY RESULT
Slide 11: Balance Sheet and Cash Flow Summary
Amount in ₹ million BALANCE SHEET (CONSOLIDATED) FY25 Q1 FY26 Assets Property and equipment 9,063 8,736 Intangible Assets and Goodwill 13,667 13,519 Accounts Receivable 29,165 33,487 Unbilled Revenues 5,953 5,689 Investments 13,096 10,087 Cash and Cash equivalents 15,658 13,138 Other current assets
Slide 12: Operational Performance
OPERATIONAL PERFORMANCE QoQ YoY In Constant Currency Q1 FY25 Q4 FY25 Q1 FY26 Growth Growth QoQ Growth YoY Growth Revenue (USD Mn) 295.2 345.1 335.3 -2.9% 13.6% -4.2% 12.8% REVENUE BY SEGMENT Q1 FY25 Q4 FY25 Q1 FY26 QoQ Growth YoY Growth Mobility 35.2% 29.2% 29.6% -1.5% -4.4% Sustainability 30.0% 28.
Slide 13: Revenue Mix, Project Type, Client Profile
REVENUE MIX Q1 FY25 Q4 FY25 Q1 FY26 Onsite 41.1% 44.2% 43.9% Offshore 58.9% 55.8% 56.1% REVENUE BY PROJECT TYPE Q1 FY25 Q4 FY25 Q1 FY26 Fixed Price 36.9% 39.9% 37.8% Time and Material Contract 63.1% 60.1% 62.2% CLIENT PROFILE Q1 FY25 Q4 FY25 Q1 FY26 Number of Active Clients 378 421 459 30 Million do
Slide 14: Client Contribution, Employee Statistics, Exchange Rate
CLIENT CONTRIBUTION TO REVENUE Q1 FY25 Q4 FY25 Q1 FY26 Top 5 Clients 15.0% 15.1% 15.1% Top 10 Clients 26.3% 25.8% 25.1% Top 20 Clients 41.3% 39.4% 38.2% Client contribution is based on LTM (Last Twelve Months) revenue EMPLOYEE STATISTICS Q1 FY25 Q4 FY25 Q1 FY26 Total Headcount 23,577 24,258 23,626 B
Slide 15: Industry Recognitions and Other Highlights
INDUSTRY RECOGNITIONS • Inducted into John Deere Supplier Hall of Fame for Five Consecutive Years of Excellence. • Ashish Khushu, CTO, LTTS has been named as one of the Most Influential People in Tech and Innovation in MIT Sloan Management Review India’s TECH 100 list. • Rated as Leaders in Engineer
Slide 16: Patents and Corporate Social Responsibility
PATENTS At the end of Q1FY26, the patents portfolio of L&T Technology Services stood at 1,550, out of which 952 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
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