| Scrip Code | 540115 |
|---|---|
| NSE Symbol | LTTS |
| MSEI Symbol | NOTLISTED |
| ISIN | INE010V01017 |
| Name of company | L&T Technology Services Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 15-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 23-12-2025 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 15-01-2026 13:30:00 |
| End date and time of board meeting | 15-01-2026 15:50:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 2,92,350.00 | 8,76,900.00 | |
| Other income | 3,330.00 | 16,660.00 | |
| Total income | 2,95,680.00 | 8,93,560.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 0.00 | 0.00 |
| (b) | Purchases of stock-in-trade | 0.00 | 0.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 0.00 | 0.00 |
| (d) | Employee benefit expense | 1,64,250.00 | 4,83,490.00 |
| (e) | Finance costs | 1,490.00 | 4,720.00 |
| (f) | Depreciation, depletion and amortisation expense | 8,670.00 | 26,040.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 76,720.00 | 2,46,710.00 |
| Total other expenses | 76,720.00 | 2,46,710.00 | |
| Total expenses | 2,51,130.00 | 7,60,960.00 | |
| 3 | Total profit before exceptional items and tax | 44,550.00 | 1,32,600.00 |
| 4 | Exceptional items | (3,540.00) | (3,540.00) |
| 5 | Total profit before tax | 41,010.00 | 1,29,060.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 11,260.00 | 32,960.00 |
| 8 | Deferred tax | (560.00) | 1,260.00 |
| 9 | Total tax expenses | 10,700.00 | 34,220.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 30,310.00 | 94,840.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 30,310.00 | 94,840.00 |
| 17 | Other comprehensive income net of taxes | (560.00) | (14,680.00) |
| 18 | Total Comprehensive Income for the period | 29,750.00 | 80,160.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 30,260.00 | 94,700.00 | |
| Total profit or loss, attributable to non-controlling interests | 50.00 | 140.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 29,700.00 | 80,020.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 50.00 | 140.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 2,120.00 | 2,120.00 | |
| Face value of equity share capital | 2 | 2 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 28.56 | 89.38 | |
| Diluted earnings (loss) per share from continuing operations | 28.52 | 89.25 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 28.56 | 89.38 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 28.52 | 89.25 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1. The consolidated unaudited statement of financial results for the quarter and nine months ended December 31, 2025 have been reviewed by Audit Committee and approved by Board of Directors at its meeting held on January 15, 2026. The Statutory Auditors of the Company have carried out limited review on the above results in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ('the Regulation'), as amended and expressed an unmodified conclusion. 2. The consolidated unaudited statement of financial results of the Parent Company and its subsidiaries (the Group) have been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder and the other accounting principles generally accepted in India. 3. Effective November 21, 2025, the Government of India consolidated 29 existing labour regulations into four Labour codes, namely, The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the ‘New Labour Codes’. The New Labour Codes has resulted in material increase in provision for employee benefits on account of recognition of past service costs. Based on the requirements of New Labour Codes and relevant Accounting Standard, the Company has assessed and accounted the estimated incremental impact of Rs. 354 Million as Exceptional Item in the consolidated statement of profit and loss for the quarter and nine months ended December 31, 2025. Upon notification of the related Rules to the New Labour Codes by the Government and any further clarification from the Government on other aspects of the New Labour Codes, the Group will evaluate and account for additional impact if any, in subsequent periods. Impact of Exceptional item on Group's Financial results for quarter and nine months ended on December 31, 2025. Quarter ended 31st Dec, 2025 (in Rs Million) PBT before exceptional item - 4,455 PBT after exceptional item - 4,101 Tax expenses before exceptional item - 1,159 Tax expenses after exceptional item - 1,070 PAT(Excluding non-controlling interest) before exceptional item - 3,296 PAT(Excluding non-controlling interest) after exceptional item - 3,031 Nine month ended 31st Dec, 2025 (in Rs Million) PBT before exceptional item - 13,260 PBT after exceptional item - 12,906 Tax expenses before exceptional item - 3,511 Tax expenses after exceptional item - 3,422 PAT(Excluding non-controlling interest) before exceptional item - 9,749 PAT(Excluding non-controlling interest) after exceptional item - 9,484 4. During the quarter and nine months ended December 31, 2025 the Company has allotted 3,625 and 109,625 equity shares of Rs. 2 each fully paid-up respectively on exercise of stock options by employees in accordance with the Company's stock option scheme. 5.Segments have been identified in accordance with Indian Accounting Standards (Ind AS) 108 on Operating Segments, considering the risk/return profiles of the business, their organisational structure and internal reporting systems. The Segment composition: Mobility segment encompasses Automotive, Trucks and Off-highway Vehicles, Aerospace and Rail Sustainability segment encompasses Process Industry and Industrial Products Tech segment encompasses Medical Technology, Software and Platforms, Media and Entertainment and Smart World 6. The Parent company and its subsidiary, L&T Technology Services LLC has acquired 100% stake effective January 3, 2025 in Intelliswift Software (India) Private Limited (by the Company) and Intelliswift Software Inc. (by L&T Technology Services LLC).The financial results of the above mentioned companies have been consolidated from the date of acquisition for year ended March 31, 2025, quarter ended June,2025, quarter ended September 30, 2025, quarter and nine months ended December 31, 2025. 7.Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods. 8. The standalone and consolidated unaudited statement of financial results are available on the website of the Company (www.ltts.com) and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com). |
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| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Mobility | 87,970.00 | 2,59,270.00 | ||||
| 2 | Sustainability | 97,310.00 | 2,79,580.00 | ||||
| 3 | Tech | 1,07,070.00 | 3,38,050.00 | ||||
| Total Segment Revenue | 2,92,350.00 | 8,76,900.00 | |||||
| Less: Inter segment revenue | 0.00 | 0.00 | |||||
| Revenue from operations | 2,92,350.00 | 8,76,900.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Mobility | 12,980.00 | 38,750.00 | ||||
| 2 | Sustainability | 28,060.00 | 78,630.00 | ||||
| 3 | Tech | 11,390.00 | 32,160.00 | ||||
| Total Profit before tax | 52,430.00 | 1,49,540.00 | |||||
| i. Finance cost | 1,490.00 | 4,720.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 9,930.00 | 15,760.00 | |||||
| Profit before tax | 41,010.00 | 1,29,060.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Mobility | 0.00 | 0.00 | ||||
| 2 | Sustainability | 0.00 | 0.00 | ||||
| 3 | Tech | 0.00 | 0.00 | ||||
| Total Segment Asset | 0.00 | 0.00 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 0.00 | 0.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Mobility | 0.00 | 0.00 | ||||
| 2 | Sustainability | 0.00 | 0.00 | ||||
| 3 | Tech | 0.00 | 0.00 | ||||
| Total Segment Liabilities | 0.00 | 0.00 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 0.00 | 0.00 | |||||
| Disclosure of notes on segments | Textual Information(2) | ||||||
| Textual Information(2) | Assets and liabilities used in the Group's business are not identified to any of the reportable segment as these are used interchangeably. Unallocable expenses includes majorly corporate expenses not allocated to segments. Exceptional items is on account of impact of Labour Codes and are not allocated to segments for the quarter and nine months ended December 31, 2025. |
|---|
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | (a) Remeasurements of the defined benefit plans (net) | (10.00) | 1,350.00 |
| Total Amount of items that will not be reclassified to profit and loss | (10.00) | 1,350.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 420.00 | 340.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | (a) Effective portion of gains and losses on hedging instruments in a cash flow hedge | (2,810.00) | (29,840.00) |
| 2 | (c) Exchange differences on the translation of foreign operation | 1,890.00 | 6,560.00 |
| 3 | (d) Debt Instruments through Other Comprehensive Income | 110.00 | 110.00 |
| 4 | (e) Income tax on debt Instruments through other comprehensive Income | (30.00) | (30.00) |
| Total Amount of items that will be reclassified to profit and loss | (840.00) | (23,200.00) | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | (710.00) | (7,510.00) |
| 5 | Total Other comprehensive income | (560.00) | (14,680.00) |
| Whether results are audited or unaudited | Unaudited |
|---|---|
| Declaration of unmodified opinion or statement on impact of audit qualification | Declaration of unmodified opinion |
| Auditor's opinion | |
| Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results | Yes |
| Sr No. | Audit firm's name | Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI | Certificate valid upto | ||
| 1 | MSKA & Associates LLP | Yes | 31-07-2027 | ||
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