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	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	24-Apr-2025   13:30:00
End date and time of board meeting	24-Apr-2025   15:30:00
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
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	Consolidated	Consolidated
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	29824000000	106701000000
	Other income	493000000	2100000000
	Total income	30317000000	108801000000
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	15766000000	56885000000
(e)	Finance costs	159000000	565000000
(f)	Depreciation, depletion and amortisation expense	816000000	3053000000
(f)	Other Expenses
1	Other expenses	9303000000	30891000000
	Total other expenses	9303000000	30891000000
	Total expenses	26044000000	91394000000
3	Total profit before exceptional items and tax	4273000000	17407000000
4	Exceptional items	0	0
5	Total profit before tax	4273000000	17407000000
6	Tax expense
7	Current tax	1160000000	4757000000
8	Deferred tax	11000000	15000000
9	Total tax expenses	1171000000	4772000000
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	3102000000	12635000000
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	3102000000	12635000000
17	Other comprehensive income net of taxes	321000000	-221000000
18	Total Comprehensive Income for the period	3423000000	12414000000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent	3111000000	12667000000
	Total profit or loss, attributable to non-controlling interests	-9000000	-9000000
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent	3432000000	12446000000
	Total comprehensive income for the period attributable to owners of parent non-controlling interests	-9000000	-32000000
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		60588000000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	29.38	119.7
	Diluted earnings (loss) per share from continuing operations	29.32	119.44
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	29.38	119.7
	Diluted earnings (loss) per share from continuing and discontinued operations	29.32	119.44
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 consolidated audited financial results for the quarter and nyear ended March 31, 2025 n n1. The consolidated 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, n2025. The statutory auditors of the Company have expressed an unmodified opinion on the nconsolidated audited financial results for the year ended March 31, 2025. n2.During the quarter and year ended March 31, 2025 the Company has allotted 6,550 and 1,25,851 nequity shares of Rs. 2 each fully paid-up respectively on exercise of stock options by employees in naccordance with the Company's stock option scheme. n3. Effective from April 1, 2024, the Operating Segments have been reorganized by the Company to nstreamline its organizational structure from five to three segments i.e. Mobility, Sustainability and nTech. n4. The Company & its subsidiary, L&T Technology Services LLC has acquired 100% stake effective nJanuary 3, 2025 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 nProduct Development, Platform Engineering, Digital Integration, Data and AI. nThe income and expenses of above mentioned companies have, accordingly, been consolidated and nincluded in the financials for the year ended March 31, 2025 from the date of acquisition. nResultantly, the figures for the current periods are not comparable with the previous periods. n5. The standalone audited financial results are available on the website of the Company nwww.ltts.com and on the websites of BSE www.bseindia.com and NSE www.nseindia.co n6. The figures for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures nbetween audited figures in respect of the full financial year and the limited reviewed year to date nfigures up to the quarters ended December 31, 2024 and December 31, 2023 respectively n7. The Board of Directors have recommended a final dividend of Rs.38 per equity share face value Rs. n2for the year ended March 31, 2025 and final dividend is payable subject to the approval of the nshareholders at the thirteenth annual general meeting. n8. 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		Consolidated
	Assets
1	Non-current assets
	Property, plant and equipment	8782000000
	Capital work-in-progress	280000000
	Investment property	0
	Goodwill	11327000000
	Other intangible assets	2340000000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	3493000000
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	2515000000
	Total non-current financial assets	6008000000
	Deferred tax assets (net)	164000000
	Other non-current assets	2893000000
	Total non-current assets	31794000000
2	Current assets
	Inventories	39000000
	Current financial asset
	Current investments	9603000000
	Trade receivables, current	25126000000
	Cash and cash equivalents	13831000000
	Bank balance other than cash and cash equivalents	1827000000
	Loans, current	1786000000
	Other current financial assets	12429000000
	Total current financial assets	64602000000
	Current tax assets (net)
	Other current assets
	Total current assets	64641000000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	96435000000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	212000000
	Other equity	60588000000
	Total equity attributable to owners of parent	60800000000
	Non controlling interest	175000000
	Total equity	60975000000
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
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	4583000000
	Total non-current financial liabilities	4583000000
	Provisions, non-current	219000000
	Deferred tax liabilities (net)	758000000
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	5560000000
	Current liabilities
	Current financial liabilities
	Borrowings, current	0
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	250000000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	15973000000
	Total Trade payable	16223000000
	Other current financial liabilities	5261000000
	Total current financial liabilities	21484000000
	Other current liabilities	5493000000
	Provisions, current	1999000000
	Current tax liabilities (Net)	924000000
	Deferred government grants, Current	0
	Total current liabilities	29900000000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	35460000000
	Total equity and liabilites	96435000000
	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		Consolidated	Consolidated
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
1	Mobility	8727000000	35087000000
2	Sustainability	8583000000	32167000000
3	Tech	12514000000	39447000000
	Total Segment Revenue	29824000000	106701000000
	Less: Inter segment revenue	0	0
	Revenue from operations	29824000000	106701000000
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
1	Mobility	1645000000	6702000000
2	Sustainability	1989000000	8054000000
3	Tech	1268000000	4768000000
	Total Profit before tax	4902000000	19524000000
	i. Finance cost	159000000	159000000
	ii. Other Unallocable Expenditure net off Unallocable income	470000000	470000000
	Profit before tax	4273000000	17407000000
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	Textual Information(2)

Text Block

Textual Information(2)

Notes for segment information na. Segments have been identified in accordance with Indian Accounting Standards 108 on Operating Segments, considering the risk or return profiles of the business, their organisational structure and internal reporting systems. nb.Property, plant and equipment used and liabilities contracted for performing the Group's business have not been identified to any of the above reported segments as the property, plant and equipment and services are used interchangeably among segments. n

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	Consolidated	Consolidated
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	HEDGE and Retirement benefit	-31000000	-117000000
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	-31000000	-117000000
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 statementnof profit or loss (net of tax)	491000000	-195000000
	Total Amount of items that will be reclassified to profit and loss	491000000	-195000000
4	Income tax relating to items that will be reclassified to profit or loss	130000000	-73000000
5	Total Other comprehensive income	321000000	-221000000

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			Consolidated
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			17407000000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			565000000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			-834000000
	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			611000000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			3053000000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			219000000
	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			-273000000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			3048000000
	Net cash flows from (used in) operations			20455000000
	Dividends received			0
	Interest paid			0
	Interest received			-716000000
	Income taxes paid (refund)			4928000000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			14811000000
	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			7364000000
	Other cash receipts from sales of equity or debt instruments of other entities			1997000000
	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			1116000000
	Proceeds from sales of investment property			98000000
	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			2527000000
	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			266000000
	Net cash flows from (used in) investing activities	-5094000000
	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			1325000000
	Dividends paid			5292000000
	Interest paid			565000000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			-7182000000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			2535000000
	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			2535000000
	Cash and cash equivalents cash flow statement at beginning of period			11288000000
	Cash and cash equivalents cash flow statement at end of period			13823000000