L&T Technology Services Ltd
L&T Technology Services Q3 FY26 earnings call: Revenue & Margins
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #29 of 39 in IT - Services
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The short version
Mobility segment shows signs of turnaround, driven by ramp-up of earlier wins and SDV (Software-Defined Vehicles) investments, especially in US and Europe with expected growth ahead. Organic growth expected in mid-single digits for Q4 FY26, impacted by restructuring-related rationalization (Page 19).
From L&T Technology Services Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Mobility segment shows signs of turnaround, driven by ramp-up of earlier wins and SDV (Software-Defined Vehicles) investments, especially in US and Europe with expected growth ahead.
- Aero & Rail sub-segment within Mobility growing positively; Trucks & Off Highway currently soft but expected to improve.
- Sustainability segment consistently delivers double-digit YoY growth, fueled by Industrial and Plant Engineering sub-segments supporting LNG, Oil & Gas, and CPG projects.
- Growth momentum is expected to continue in Sustainability due to ramp-up of large deals and a robust pipeline.
- US market recovery anticipated with increased investments in SDV technology after a period of slowdown.
- Europe shifting workload to India-based teams, leading to cost advantages and growth opportunities.
2 more points from L&T Technology Services Ltd's call on revenue
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Profitability & Margins
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Capital Expenditure Plans
- Significant capex spends are occurring in Data Center build-up and Energy sectors in the US, creating follow-up opportunities in Hyperscalers and Tech Infrastructure.
- The company is investing in AI/EI (Engineering Intelligence) solutions to scale and pivot towards physical, digital, and industrial combined AI technologies.
- An Australian enterprise has engaged the company for establishing a high-value engineering center focused on engineering and digital technologies in a multi-year engagement under the Plant Engineering sub-segment.
- Expanded partnership with a leading global energy company to enhance Information Management and Capital Projects leveraging AI NLP solutions.
- Investments are focused on future technologies offering higher profitable growth and narrowing focus to specific growth areas to avoid commoditization.
2 more points from L&T Technology Services Ltd's call on capex
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Top-ranked in IT - Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
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Order Book & Pipeline
- The order book has shown year-on-year double-digit growth.
- The company has multiple deal pipelines with values of hundreds of millions of dollars.
- Specific deals in the pipeline include several worth $50 million, $20 million, and $10 million.
- Recent deal wins in Q3 included small deals less than $10 million, contributing to growth.
- The year and quarter are still "in play," indicating ongoing opportunities for closing significant deals.
2 more points from L&T Technology Services Ltd's call on order book
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L&T Technology Services Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹3.0K Cr, net profit ₹549 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What L&T Technology's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
Others in IT - Services this season
- VL E-Governance (Q3 FY26)
Year-on-year (QoQ) change: -70.54% decline in revenue for Q3 FY2025-26 compared to Q3 FY2024-25 . Key investor presentation takeaways from VL E-Governance's Q3
- ROX Hi-Tech (Q3 FY26)
Revenue for H1 FY26: ₹110.96 Cr vs ₹84.80 Cr in H1 FY25, showing a year-on-year (YoY) increase of approximately 30.9%. Key investor presentation takeaways from
- Expleo Solutions (Q3 FY26)
Q3 FY26 Operating Revenue: Rs 2,794 million, up 8.5% Year-on-Year (YoY) from Rs 2,576 million in Q3 FY25 (Page 6). Key concall takeaways from Expleo Solutions…
- IZMO (Q3 FY26)
59.11 crore, up 0.75% YoY from Rs. Key concall takeaways from IZMO Ltd's Q3 FY26 earnings call — and how it ranks against sector peers.
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were L&T Technology Services Ltd Q3 FY26 results?
Mobility segment shows signs of turnaround, driven by ramp-up of earlier wins and SDV (Software-Defined Vehicles) investments, especially in US and Europe with expected growth ahead. Organic growth expected in mid-single digits for Q4 FY26, impacted by restructuring-related rationalization (Page 19).
What is L&T Technology Services Ltd share price analysis?
L&T Technology Services Ltd currently shows a neutral. The stock trades at a P/E of 28.2 with a market cap of ₹37,926 Cr. Investors should review the full earnings analysis for detailed insights.
Is L&T Technology Services Ltd planning capital expenditure?
Significant capex spends are occurring in Data Center build-up and Energy sectors in the US, creating follow-up opportunities in Hyperscalers and Tech Infrastructure.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.