L&T Technology Services' Q2 FY 2025-26 Quarterly Results

Result Summary

• L&T Technology Services Ltd reported a 3.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 15.4%.
• Its expenses for the quarter were up by 3.8% QoQ and 18.2% YoY.
• The net profit increased 4.1% QoQ and increased 2.9% YoY.
• The earnings per share (EPS) of L&T Technology Services Ltd stood at 30.97 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

L&T Technology Services Ltd, often abbreviated as LTTS, is a leading global engineering and research and development (R&D) services company. As a subsidiary of Larsen & Toubro Limited, a major Indian multinational conglomerate, LTTS specializes in offering a wide range of engineering solutions across various sectors. These sectors include transportation, industrial products, telecom and hi-tech, medical devices, and plant engineering. The company's service offerings encompass product design, development, and testing, leveraging cutting-edge technologies to drive innovation for its clients. While specific recent developments post-October 2023 are not available in the dataset provided, LTTS has been recognized for its expertise in digital engineering and its strategic collaborations with global enterprises to enhance its service portfolio.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), L&T Technology Services Ltd reported a total income of ₹3045.10 crores. This represents an increase of 3.8% compared to the previous quarter (Q1FY26), where the total income was ₹2933.70 crores. Year-over-year, the total income rose by 15.4% from ₹2637.90 crores in Q2FY25. These figures highlight a positive trajectory in revenue generation over the past year and quarter, underscoring the company's ability to generate consistent revenue growth.

Profitability

For Q2FY26, L&T Technology Services Ltd achieved a profit before tax of ₹448.00 crores, marking a quarter-over-quarter growth of 3.6% from ₹432.50 crores in Q1FY26 and a year-over-year increase of 1.6% from ₹440.80 crores in Q2FY25. The profit after tax was ₹329.20 crores for Q2FY26, which is a 4.1% rise from ₹316.10 crores in Q1FY26 and a 2.9% increase from ₹320.00 crores in Q2FY25. The earnings per share (EPS) for this quarter stood at ₹30.97, reflecting a 4.0% increase from the previous quarter's ₹29.77 and a 2.8% rise from the same quarter in the previous year, where EPS was ₹30.12.

Operating Metrics

During Q2FY26, L&T Technology Services Ltd reported total expenses of ₹2597.10 crores, which represents a 3.8% increase from the previous quarter's expenses of ₹2501.20 crores. Year-over-year, the total expenses have gone up by 18.2% from ₹2197.10 crores in Q2FY25. The tax expenses for Q2FY26 were ₹118.80 crores, which is a slight quarter-over-quarter increase of 2.1% from ₹116.40 crores in Q1FY26 and a year-over-year decrease of 1.7% from ₹120.80 crores in Q2FY25. These metrics indicate the company's cost management and tax efficiency over the past quarters and years.