L&T Tech Q1 results: Profit remains flat at ₹315.7 crore, revenue up 16%

L&T Technology Services (LTTS) on Wednesday reported consolidated net profit of ₹315.7 crore for the quarter ended June 2025 (Q1FY26), registering a modest 0.7 per cent increase from ₹313.6 crore in the corresponding period last fiscal. On a sequential basis, profit rose 1.5 per cent from ₹311.1 crore in the March 2025 quarter (Q4FY25), the company said.

 

Revenue from operations stood at ₹2,866 crore during the quarter, up 16.4 per cent year-on-year compared to ₹2,461.9 crore in Q1FY25. However, revenue declined 3.9 per cent from ₹2,982.4 crore in the previous quarter.

 

Total expenses rose 19.6 per cent year-on-year to ₹2,501.2 crore in Q1FY26, up from ₹2,091.4 crore a year ago. On a quarter-on-quarter basis, expenses fell 4 per cent from ₹2,604.4 crore in the March quarter.

 

“We commenced the fiscal year with strong momentum in large deals, continuing the trend from previous quarters, with both Europe and US geographies growing on a sequential basis,” said Amit Chadha, managing director and chief executive officer.

 

“With AI and automation advancing rapidly, client engagements and deal wins are increasing, making AI central to our conversations and programmes. Our engineers have deployed multiple programmes for clients in AI and have filed 206 patents in this domain,” he added.

 

He also said the company expects to record double-digit growth in FY26 and reiterated its medium-term revenue outlook of $2 billion.

 

At the end of the quarter, LTTS had 1,550 patents, including 952 co-authored with clients. Its total employee count stood at 23,626.

 

Shares of L&T Tech closed at ₹4,340 each on the BSE on Wednesday. 

L&T Tech Q1 result highlights

 

• Revenue from operations: ₹2866 crore
• Net profit for the period: ₹315.7 crore
• Earnings per share (EPS): ₹29.81 (basic), ₹29.77 (diluted)