L&T Technology Services Limited is an Indian company headquartered in Vadodara, Gujarat. It is a major player in engineering and R&D (ER&D) services globally. LTTS operates as a publicly listed subsidiary of Larsen & Toubro Limited, an Indian conglomerate with operations in 30 countries.
The market capitalisation of L&T Technology Services Limited is over ₹56,400 crores as of January 10, 2023. The share price of L&T Technology Services Limited has gained over 110% in the last three years.
Business operations
L&T Technology Services Limited's (LTTS) services include product design, analysis, prototyping, testing, embedded system design, manufacturing engineering, plant and construction engineering, asset information management and support for engineering processes. LTTS operates globally within five primary sectors: transportation, telecom and hi-tech, industrial products, plant engineering and medical devices. Across these verticals, it delivers top-notch ER&D.
The transportation segment is the company's biggest revenue contributor, accounting for 34.6% of the company's total revenue in FY23. The telecom and hi-tech segment was the second-largest, contributing 19.4% to the company's overall revenue in the same fiscal year. The industrial products segment was third in size and contributed 19% to the company's total revenue in FY23.
It has filed 1,198 patents and established 102 innovation and R&D design centres, catering to 57 of the top global R&D spenders. LTTS has a workforce of 23,800 employees worldwide, delivering the company’s services to 362 global customers. 57 customers rank among the top 100 R&D spenders globally. LTTS also maintains a 90% rate of repeat business.
L&T Technology Services collaborates with a range of top enterprises to optimise their technology investments. It provides innovative digital transformation solutions that effectively tackle intricate business obstacles. Some of the most notable names of the company's collaborators are Microsoft, Google, Intel, Qualcomm and Nvidia.
The company acquired L&T's Smart World and Communication (SWC) business unit in FY23. This strategic step aimed to merge fresh solutions in Next-Gen Communications, sustainable smart world initiatives and cybersecurity on a global scale. SWC engages in network design, planning, implementation and management. This includes setting up network operation centres, OSS work, data centres and cloud/private 5G deployment. This results in comprehensive network connectivity and contributes to public safety projects.
L&T Technology Services Limited inaugurated an engineering research & development centre in Toronto, Canada, to expand its business operations globally in 2023. It also established two new design and prototyping centres in Peoria, US, and a centre of excellence in India. It unveiled an R&D centre in Krakow, Poland, intending to serve customers in the automotive, mobility and hi-tech sectors across Europe and North America.
LTTS also opened its engineering design centre in Toulouse, France. This facility focuses on meeting the digital demands of the global aerospace and defence industries. It specialises in offering comprehensive solutions for aerospace design and manufacturing processes.
L&T Tech Financial Highlights
- Revenue: L&T Tech reported revenue of ₹11,217.10 crore in FY26 vs ₹9,851.50 crore in FY25. It showed an increase of 13.86% on a yearly basis.
- Operating Profit: L&T Tech reported an operating profit of ₹1,674.50 crore in FY26 vs ₹1,639.40 crore in FY25. It showed an increase of 2.14% on a year-on-year basis.
- Net Profit: L&T Tech reported a net profit of ₹1,281.10 crore in FY26 vs ₹1,263.50 crore in FY25. It showed an increase of 1.39% on a yearly basis.
L&T Tech Quarterly Result Highlights
- L&T Tech reported revenue of ₹2,969.20 crore in Jun 2026, compared with ₹2,913.20 crore in Mar 2026, representing an increase of 1.92% on a quarter-on-quarter (QoQ) basis.
- L&T Tech reported an operating profit of ₹476.00 crore in Jun 2026, compared with ₹436.20 crore in Mar 2026, representing an increase of 9.12% on a quarter-on-quarter (QoQ) basis.
- L&T Tech reported a profit of ₹357.10 crore in Jun 2026, compared with ₹332.70 crore in Mar 2026, reflecting an increase of 7.33% on a QoQ basis.
- The earnings per share (EPS) of L&T Tech stood at ₹120.71 during Jun 2026.
Data Source: BSE, Company announcements
Securities shown are illustrative, not recommendations. Past performance does not guarantee future results.
