Mumbai, January 15, 2026: L&T Technology Services Limited reported its consolidated unaudited financial results for the quarter and nine months ended December 31, 2025. The company posted a marginal year-on-year decline in quarterly profitability amid higher costs, while maintaining a healthy revenue growth trajectory over the nine-month period.
Q3 FY26 Consolidated Financial Performance
For the quarter ended December 31, 2025, revenue from operations increased to ₹29,235 million from ₹26,530 million in the corresponding quarter last year. Total income stood at ₹29,568 million. Higher employee-related costs and operating expenses weighed on margins during the quarter.Profit before tax declined to ₹4,101 million from ₹4,399 million in Q3 FY25, while net profit fell to ₹3,031 million compared with ₹3,195 million a year ago.
Q3 FY26 vs Q3 FY25 Consolidated Results (₹ million)
| Particulars | Q3 FY26 | Q3 FY25 | YoY Change |
|---|---|---|---|
| Revenue from operations | 29,235 | 26,530 | +10.2% |
| Total income | 29,568 | 26,865 | +10.1% |
| Total expenses | 25,113 | 22,466 | +11.8% |
| Profit before tax | 4,101 | 4,399 | -6.8% |
| Net profit | 3,031 | 3,195 | -5.1% |
| Total comprehensive income | 2,975 | 2,739 | +8.6% |
| Basic EPS (₹) | 28.56 | 30.47 | -6.3% |
| Diluted EPS (₹) | 28.52 | 30.40 | -6.2% |
Nine-Month Performance Remains Steady
For the nine months ended December 31, 2025, L&T Technology Services reported strong top-line growth, driven by consistent demand for engineering and digital services. Revenue from operations rose 14.1% year-on-year to ₹87,690 million.Profit before tax stood at ₹12,906 million, while net profit came in at ₹9,484 million, marginally lower than ₹9,534 million reported in the same period last year.
Nine-Month Consolidated Results (₹ million)
| Particulars | 9M FY26 | 9M FY25 | YoY Change |
|---|---|---|---|
| Revenue from operations | 87,690 | 76,877 | +14.1% |
| Total income | 89,356 | 78,484 | +13.9% |
| Total expenses | 76,096 | 65,350 | +16.4% |
| Profit before tax | 12,906 | 13,134 | -1.7% |
| Net profit | 9,484 | 9,534 | -0.5% |
| Total comprehensive income | 8,016 | 8,992 | -10.9% |
| Basic EPS (₹) | 89.38 | 90.31 | -1.0% |
| Diluted EPS (₹) | 89.25 | 90.13 | -1.0% |
Expense Trend and Operational Overview
Employee benefits expense for Q3 FY26 increased to ₹16,425 million from ₹13,951 million in the year-ago quarter, reflecting workforce expansion and compensation revisions. Other expenses stood at ₹7,672 million, while depreciation and amortisation expenses rose to ₹867 million, indicating continued investments in infrastructure and delivery capabilities.Despite cost pressures, the company maintained stable operations with revenue growth broadly offsetting higher expenditure over the nine-month period.
Capital Structure and Shareholder Returns
The paid-up equity share capital remained unchanged at ₹212 million, with earnings attributable to equity shareholders at ₹3,026 million for Q3 FY26. Basic and diluted earnings per share for the quarter stood at ₹28.56 and ₹28.52, respectively.About the Company
L&T Technology Services Limited is a listed engineering and technology services company offering product development, digital transformation, and engineering solutions across multiple industries. It is part of the Larsen & Toubro group and is listed on Indian stock exchanges.Source:
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