Integrated Filing — IndAS

General information about company
Scrip Code	540115
NSE Symbol	LTTS
MSEI Symbol	NOTLISED
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-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	24-Apr-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	31-Mar-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Half Yearly
Reporting Quarter	Yearly
Nature of report standalone or consolidated	Standalone
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	24-Apr-2025   13:30:00
End date and time of board meeting	24-Apr-2025   16:10:00
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
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	Yes
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	Yes
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2024-12-12
Indicate Company website link for updated RPT policy of the Company	https://www.ltts.com/investors/corporate-governance
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	Yes

Financial Results Ind-AS
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-Oct-2024	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	25501000000	95331000000
	Other income	493000000	2112000000
	Total income	25994000000	97443000000
2	Expenses
(a)	Cost of materials consumed	0	0
(b)	Purchases of stock-in-trade	0	0
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	0	0
(d)	Employee benefit expense	12497000000	48799000000
(e)	Finance costs	154000000	546000000
(f)	Depreciation, depletion and amortisation expense	589000000	2661000000
(f)	Other Expenses
1	Other Expenses	8489000000	28608000000
	Total other expenses	8489000000	28608000000
	Total expenses	21729000000	80614000000
3	Total profit before exceptional items and tax	4265000000	16829000000
4	Exceptional items	0	0
5	Total profit before tax	4265000000	16829000000
6	Tax expense
7	Current tax	1057000000	4535000000
8	Deferred tax	64000000	85000000
9	Total tax expenses	1121000000	4620000000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	3144000000	12209000000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	3144000000	12209000000
17	Other comprehensive income net of taxes	344000000	-321000000
18	Total Comprehensive Income for the period	3488000000	11888000000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	212000000	212000000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		57270000000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	29.69	115.37
	Diluted earnings (loss) per share from continuing operations	29.63	115.11
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	29.69	115.37
	Diluted earnings (loss) per share from continuing and discontinued operations	29.63	115.11
24	Debt equity ratio	0	0
25	Debt service coverage ratio	0	0
26	Interest service coverage ratio	0	0
27	Disclosure of notes on financial results		Explanatory notes to the statement of standalone audited financial results for the quarter and nyear ended March 31, 2025 n n1. The standalone audited financial results for the quarter and year ended March 31, 2025 have been nreviewed by Audit Committee and approved by Board of Directors at its meeting held on April 24, 2025. The nstatutory auditors of the Company have expressed an unmodified opinion on the standalone audited nfinancial results for the year ended March 31, 2025. n n2. During the quarter and year ended March 31, 2025 the Company has allotted 6,550 and 1,25,851 equity nshares of Rs. 2 each fully paid-up respectively on exercise of stock options by employees in accordance with nthe Company's stock option scheme. n n3. Effective from April 1, 2024, the Operating Segments have been reorganized by the Company to streamline nits organizational structure from five to three segments i.e. Mobility, Sustainability and Tech. n n4. The Company & its subsidiary, L&T Technology Services LLC has acquired 100% stake effective January 3, n2025 in n (i) Intelliswift Software (India) Private Limited (by the Company) ; and n (ii) Intelliswift Software Inc. (by L&T Technology Services LLC). nWith this acquisition, the company will be strengthening its portfolio of offerings across Software Product nDevelopment, Platform Engineering, Digital Integration, Data and AI. n n5. The figures for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between naudited figures in respect of the full financial year and the limited reviewed year to date figures up to the nquarters ended December 31, 2024 and December 31, 2023 respectively n n6. The Board of Directors have recommended a final dividend of Rs.38 per equity share (face value Rs. 2) for nthe year ended March 31, 2025 and final dividend is payable subject to the approval of the shareholders at nthe thirteenth annual general meeting. n n7. Figures for earlier periods have been regrouped, wherever necessary.

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	8326000000
	Capital work-in-progress	280000000
	Investment property	0
	Goodwill	4277000000
	Other intangible assets	142000000
	Intangible assets under development	0
	Biological assets other than bearer plants	0
	Investments accounted for using equity method	0
	Non-current financial assets
	Non-current investments	13078000000
	Trade receivables, non-current	0
	Loans, non-current	0
	Other non-current financial assets	2477000000
	Total non-current financial assets	15555000000
	Deferred tax assets (net)	0
	Other non-current assets	2864000000
	Total non-current assets	31444000000
2	Current assets
	Inventories	39000000
	Current financial asset
	Current investments	9110000000
	Trade receivables, current	22504000000
	Cash and cash equivalents	10865000000
	Bank balance other than cash and cash equivalents	1808000000
	Loans, current	0
	Other current financial assets	1802000000
	Total current financial assets	46089000000
	Current tax assets (net)	0
	Other current assets	11051000000
	Total current assets	57179000000
3	Non-current assets classified as held for sale	0
4	Regulatory deferral account debit balances and related deferred tax Assets	0
	Total assets	88623000000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	212000000
	Other equity	57270000000
	Total equity attributable to owners of parent	57482000000
	Non controlling interest
	Total equity	57482000000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	0
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises	0
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	0
	Total Trade payable	0
	Other non-current financial liabilities	4281000000
	Total non-current financial liabilities	4281000000
	Provisions, non-current	130000000
	Deferred tax liabilities (net)	756000000
	Deferred government grants, Non-current	0
	Other non-current liabilities	0
	Total non-current liabilities	5167000000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	249000000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	14854000000
	Total Trade payable	15103000000
	Other current financial liabilities	3196000000
	Total current financial liabilities	18299000000
	Other current liabilities	4886000000
	Provisions, current	1944000000
	Current tax liabilities (Net)	845000000
	Deferred government grants, Current	0
	Total current liabilities	25974000000
3	Liabilities directly associated with assets in disposal group classified as held for sale	0
4	Regulatory deferral account credit balances and related deferred tax liability	0
	Total liabilities	31141000000
	Total equity and liabilites	88623000000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Oct-2024	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Mobility	7727000000	30740000000
2	Sustainability	8540000000	31896000000
3	Tech	9234000000	32695000000
	Total Segment Revenue	25501000000	95331000000
	Less: Inter segment revenue	0	0
	Revenue from operations	25501000000	95331000000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Mobility	1478000000	6172000000
2	Sustainability	2084000000	8141000000
3	Tech	1100000000	4200000000
	Total Profit before tax	4662000000	18513000000
	i. Finance cost	154000000	154000000
	ii. Other Unallocable Expenditure net off Unallocable income	243000000	243000000
	Profit before tax	4265000000	16829000000
3	(Segment Asset - Segment Liabilities)
	Segment Asset
1	Mobility	0	0
2	Sustainability	0	0
3	Tech	0	0
	Total Segment Asset	0	0
	Un-allocable Assets	0	0
	Net Segment Asset	0	0
4	Segment Liabilities
	Segment Liabilities
1	Mobility	0	0
2	Sustainability	0	0
3	Tech	0	0
	Total Segment Liabilities	0	0
	Un-allocable Liabilities	0	0
	Net Segment Liabilities	0	0
	Disclosure of notes on segments

Other Comprehensive Income
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-Oct-2024	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	HEDGE and Retirement benefit	-34000000	-120000000
2	Items that will be reclassified subsequently to the statementnof profit or loss (net of tax)	0	0
	Total Amount of items that will not be reclassified to profit and loss	-34000000	-120000000
2	Income tax relating to items that will not be reclassified to profit or loss	9000000	-18000000
3	Amount of items that will be reclassified to profit and loss
1	Items that will be reclassified subsequently to the statement of profit or loss (net of tax)n	517000000	-292000000
	Total Amount of items that will be reclassified to profit and loss	517000000	-292000000
4	Income tax relating to items that will be reclassified to profit or loss	130000000	-73000000
5	Total Other comprehensive income	344000000	-321000000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			16829000000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			546000000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			-1029000000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			1104000000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			215000000
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			2661000000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			7000000
	Adjustments for dividend income			0
	Adjustments for interest income			675000000
	Adjustments for share-based payments			375000000
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			-277000000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			2927000000
	Net cash flows from (used in) operations			19756000000
	Dividends received			0
	Interest paid			0
	Interest received			-683000000
	Income taxes paid (refund)			4789000000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			14284000000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			7693000000
	Other cash receipts from sales of equity or debt instruments of other entities			2013000000
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			0
	Purchase of property, plant and equipment			1052000000
	Proceeds from sales of investment property			62000000
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			2629000000
	Purchase of other long-term assets			1502000000
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-5543000000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			0
	Repayments of borrowings			0
	Payments of lease liabilities			1209000000
	Dividends paid			5292000000
	Interest paid			546000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-7047000000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			1694000000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			1694000000
	Cash and cash equivalents cash flow statement at beginning of period			9162000000
	Cash and cash equivalents cash flow statement at end of period			10856000000