Integrated Filing — IndAS



General information about company

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 22-04-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 08-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Half Yearly
Reporting Quarter Yearly
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 22-04-2026   16:15:00
End date and time of board meeting 22-04-2026   17:45:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

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 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 2,85,790.00 10,99,590.00
Other income 5,530.00 22,120.00
Total income 2,91,320.00 11,21,710.00
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 1,68,170.00 6,45,740.00
(e) Finance costs 1,700.00 6,410.00
(f) Depreciation, depletion and amortisation expense 8,650.00 34,520.00
(f) Other Expenses
1 Other Expenses 65,480.00 2,60,350.00
Total other expenses 65,480.00 2,60,350.00
Total expenses 2,44,000.00 9,47,020.00
3 Total profit before exceptional items and tax 47,320.00 1,74,690.00
4 Exceptional items (3,700.00) (7,240.00)
5 Total profit before tax 43,620.00 1,67,450.00
6 Tax expense
7 Current tax 12,180.00 43,740.00
8 Deferred tax (560.00) 710.00
9 Total tax expenses 11,620.00 44,450.00
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 32,000.00 1,23,000.00
12 Profit (loss) from discontinued operations before tax 1,730.00 6,960.00
13 Tax expense of discontinued operations 460.00 1,850.00
14 Net profit (loss) from discontinued operation after tax 1,270.00 5,110.00
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 33,270.00 1,28,110.00
17 Other comprehensive income net of taxes (16,260.00) (30,950.00)
18 Total Comprehensive Income for the period 17,010.00 97,160.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 33,210.00 1,27,920.00
Total profit or loss, attributable to non-controlling interests 60.00 190.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 16,950.00 96,970.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 60.00 190.00
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 6,45,150.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 30.14 115.89
Diluted earnings (loss) per share from continuing operations 30.09 115.71
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 1.2 4.82
Diluted earnings (loss) per share from discontinued operations 1.2 4.82
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 31.34 120.71
Diluted earnings (loss) per share from continuing and discontinued operations 31.29 120.53
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The consolidated audited financial results for the quarter and year ended March 31, 2026 have been reviewed by Audit Committee and approved by Board of Directors at its meeting held on April 22, 2026. The Statutory Auditors of the Company have carried out audit 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 opinion. 2. The consolidated audited statement of financial results of the Company 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. a 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 Group has assessed and accounted the estimated incremental impact of Rs. 354 Million as Exceptional Item in the consolidated audited statement of financial results of the Company for the quarter ended December 31, 2025 and year ended March 31, 2026. Upon notification of the related Rules, including further clarifications, to the New Labour Codes by the Government, the Group will evaluate and account for additional impact, if any, in subsequent periods. b. As a part of restructuring initiative, the Group has decided to close certain overseas business, released few resources along with closure of those overseas offices. Restructuring expense, including termination benefits, of Rs. 370 Million, are disclosed as 'Exceptional items' in the consolidated audited statement of financial results of the Company for the quarter and year ended March 31, 2026, owing to their material and non-recurring nature. c. Impact of Exceptional items as mentioned above on the Group's Financial results for the quarter ended December 31,2025, March 31, 2026 and year ended March 31, 2026 is presented below - 4. The Company entered into a Business Transfer Agreement on March 25, 2026 to transfer Smart World and Communication (SWC) Business unit of the Company, forming part of the Tech segment by way of a sale on a going concern basis to AMI Paradigm Solutions Private Limited. Accordingly, the related assets and liabilities of the said business are classified as Held for Sale and profit from the said business are shown under ‘Profit from Discontinued Operations’. The comparative financial results including segment information has been restated accordingly. 5. During the quarter and year ended March 31, 2026 the Company has allotted 8,825 and 118,450 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. 6. 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 and Media and Entertainment 7. 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 the quarter and year ended March 31, 2025. 8. The figures for the quarter ended March 31, 2026 and March 31, 2025 are the balancing figures between audited figures in respect of the full financial year and the limited reviewed year to date figures up to the quarters ended December 31, 2025 and December 31, 2024 respectively. 9. The Board of Directors have recommended a final dividend of Rs.40 per equity share (face value Rs. 2) for the year ended March 31, 2026 and final dividend is payable subject to the approval of the shareholders at the fourteenth annual general meeting. 10. Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods, if any. 11. The standalone and consolidated audited 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).



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 85,860.00
Capital work-in-progress 1,170.00
Investment property 0.00
Goodwill 1,20,290.00
Other intangible assets 18,880.00
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method
Non-current financial assets
Non-current investments 46,790.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets
1 Other non-current financial assets 9,300.00
Total of other non-current financial assets 9,300.00
Total non-current financial assets 56,090.00
Deferred tax assets (net) 9,070.00
Other non-current assets
1 Other non-current assets 20,890.00
Total of other non-current assets 20,890.00
Total non-current assets 3,12,250.00
2 Current assets
Inventories 580.00
Current financial asset
Current investments 1,42,860.00
Trade receivables, current 2,01,460.00
Cash and cash equivalents 1,64,970.00
Bank balance other than cash and cash equivalents 80.00
Loans, current 0.00
Other current financial assets
Total of other current financial assets 28,920.00
Total current financial assets 5,38,290.00
Current tax assets (net)
Other current assets
1 Other current assets 99,060.00
Total of other current assets 99,060.00
Total current assets 6,37,930.00
3 Non-current assets classified as held for sale 98,710.00
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 10,48,890.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 2,120.00
Other equity 6,45,150.00
Total equity attributable to owners of parent 6,47,270.00
Non controlling interest 1,950.00
Total equity 6,49,220.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 0.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Other non-current financial liabilities 73,930.00
Total of other non-current financial liabilities 73,930.00
Total non-current financial liabilities 73,930.00
Provisions, non-current 2,170.00
Deferred tax liabilities (net) 10.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 0.00
Total of other non-current liabilities 0.00
Total non-current liabilities 76,110.00
Current liabilities
Current financial liabilities
Borrowings, current 0.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 2,320.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 91,360.00
Total Trade payable 93,680.00
Other current financial liabilities
1 Other current financial liabilities 76,220.00
Total of other current financial liabilities 76,220.00
Total current financial liabilities 1,69,900.00
Other current liabilities 51,940.00
1 Other current liabilities 51,940.00
Total of other current liabilities 51,940.00
Provisions, current 24,510.00
Current tax liabilities (Net) 10,800.00
Deferred government grants, Current 0.00
Total current liabilities 2,57,150.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 66,410.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 3,99,670.00
Total equity and liabilites 10,48,890.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Mobility 91,500.00 3,50,770.00
2 Sustainability 1,03,260.00 3,82,840.00
3 Tech 91,030.00 3,65,980.00
Total Segment Revenue 2,85,790.00 10,99,590.00
Less: Inter segment revenue 0.00 0.00
Revenue from operations 2,85,790.00 10,99,590.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Mobility 14,740.00 53,490.00
2 Sustainability 29,660.00 1,08,300.00
3 Tech 11,430.00 38,210.00
Total Profit before tax 55,830.00 2,00,000.00
i. Finance cost 1,700.00 6,410.00
ii. Other Unallocable Expenditure net off Unallocable income 10,510.00 26,140.00
Profit before tax 43,620.00 1,67,450.00
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)



Text Block

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 restructuring initiative and are not allocated to segments for the quarter ended December 31 2025 March 31 2026 and year ended March 31 2026.



Other Comprehensive Income

Amount in (Lakhs)

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 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
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 Remeasurements of the defined benefit plans (net) (30.00) 1,320.00
Total Amount of items that will not be reclassified to profit and loss (30.00) 1,320.00
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 340.00
3 Amount of items that will be reclassified to profit and loss
1 Effective portion of gains and losses on hedging instruments in a cash flow hedge (31,350.00) (61,200.00)
2 Debt Instruments through Other Comprehensive Income 30.00 140.00
3 Exchange differences on the translation of foreign operation 7,210.00 13,760.00
Total Amount of items that will be reclassified to profit and loss (24,110.00) (47,300.00)
4 Income tax relating to items that will be reclassified to profit or loss (7,880.00) (15,370.00)
5 Total Other comprehensive income (16,260.00) (30,950.00)



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 1,67,450.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 6,420.00
Adjustments for decrease (increase) in inventories 0.00
Adjustments for decrease (increase) in trade receivables, current (36,850.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current 29,640.00
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 34,750.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (10,200.00)
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 1,660.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 6,960.00
Other adjustments for non-cash items (2,460.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 29,920.00
Net cash flows from (used in) operations 1,97,370.00
Dividends received 0.00
Interest paid 0.00
Interest received (10,730.00)
Income taxes paid (refund) 41,130.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 1,45,510.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 14,100.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 1,020.00
Purchase of property, plant and equipment 18,510.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 9,030.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (21,720.00)
Net cash flows from (used in) investing activities (44,280.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings 0.00
Payments of lease liabilities 19,240.00
Dividends paid 59,280.00
Interest paid 1,430.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities (79,950.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 21,280.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 5,460.00
Net increase (decrease) in cash and cash equivalents 26,740.00
Cash and cash equivalents cash flow statement at beginning of period 1,38,230.00
Cash and cash equivalents cash flow statement at end of period 1,64,970.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
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 (formely known as MSKA & Associates) Yes 31-07-2027