L&T Tech Q3 earnings: Net profit down 8% QoQ to ₹303 crore; revenue in dollar terms rises to $323 million YoY

The company’s revenue from operations for the quarter under review came in at ₹2,924 crore, rising 10.2% on both a QoQ and YoY basis.

Revenue in US dollar terms stood at $326.3 million, up 4.6% YoY while down 3.2% on a quarter-on-quarter basis. In constant currency, revenue was down 2.8% QoQ while growing 4% YoY.

EBITDA, or earnings before interest, taxes, depreciation, and amortisation for the quarter, came in at ₹515 crore, up 4% QoQ. 

EBIT, or earnings before interest and taxes, for the company came in at ₹4.27 crore. EBIT margin stood at 14.6%.

LTTS reported strong deal momentum in Q3, with several large deal wins during the quarter. These included a $70 million engagement from a global OEM, a $30 million deal, a $20 million programme, and five additional deals each valued at over $10 million.

“We sustained the momentum in large deal wins, delivering an average TCV of ~$200 million for five consecutive quarters. The Sustainability segment continued to grow double-digit on a YoY basis, while Mobility is seeing a turnaround,” said Amit Chadha, CEO & Managing Director, L&T Technology Services Limited.

Chadha said the company’s AI suite of offerings is evolving with the launch of new agentic AI platforms, as it pivots towards delivering full-stack engineering intelligence solutions that integrate physical and digital AI for clients’ products and processes.

He added that, in line with the five-year Lakshya plan, the company is doubling down on value-accretive, high-growth and high-margin areas, which is already yielding results, as reflected in a 120 bps quarter-on-quarter improvement, with Q3 EBIT margins at 14.6%.

At the end of Q3 FY26, the patent portfolio of L&T Technology Services stood at 1,655, out of which 1,007 are co-authored with clients and the rest are filed by LTTS.

By the end of the reporting quarter, LTTS’ employee strength stood at 23,639.

On Wednesday, LTTS shares closed at ₹4,240 apiece on the National Stock Exchange, declining 1.8%.