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L&T Technology Services Posts Q3 Profit of Rs 302.6 Crore as Margins Rise Despite One‑Off Expense

Management now guides to mid‑single‑digit FY26 growth following steady delivery.

Overview

  • Revenue from operations reached Rs 29,235 million, up 10.2% year on year, with USD revenue at $326.3 million, up 4.6% year on year.
  • EBIT margin improved to 14.6%, a 120 bps sequential gain, and net profit came in at Rs 3,026 million with a 10.3% net margin.
  • Profit before tax was Rs 4,601 million after a Rs 335 million exceptional item linked to India’s new labour codes, with pre‑exceptional PBT at Rs 4,936 million.
  • Large deal activity included a $70 million award from a global OEM alongside a $30 million deal, a $20 million program, and five deals above $10 million.
  • Segment revenues were Tech Rs 10,707 million, Mobility Rs 8,797 million, and Sustainability Rs 9,731 million, with Sustainability growing double digit year on year and Mobility showing early improvement.