Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of L&T Technology Services Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,371 | 2,301 | 2,386 | 2,422 | 2,538 | 2,462 | 2,573 | 2,653 | 2,638 | 2,866 | 2,980 | 2,787 | 2,858 |
| Expenses + | 1,890 | 1,849 | 1,911 | 1,934 | 2,035 | 2,006 | 2,107 | 2,158 | 2,205 | 2,404 | 2,489 | 2,289 | 2,336 |
| Operating Profit | 480 | 453 | 476 | 488 | 503 | 456 | 466 | 495 | 433 | 462 | 491 | 498 | 521 |
| OPM % | 20% | 20% | 20% | 20% | 20% | 19% | 18% | 19% | 16% | 16% | 16% | 18% | 18% |
| Other Income + | 50 | 48 | 41 | 62 | 56 | 62 | 65 | 34 | 80 | 68 | 66 | 9 | 31 |
| Interest | 11 | 12 | 13 | 13 | 13 | 13 | 12 | 16 | 16 | 16 | 16 | 15 | 17 |
| Depreciation | 57 | 57 | 68 | 72 | 75 | 73 | 78 | 73 | 81 | 81 | 93 | 86 | 86 |
| Profit before tax | 462 | 431 | 436 | 466 | 471 | 433 | 441 | 440 | 416 | 432 | 448 | 406 | 449 |
| Tax % | 26% | 28% | 28% | 28% | 28% | 27% | 27% | 27% | 25% | 27% | 27% | 25% | 26% |
| Net Profit + | 341 | 312 | 316 | 337 | 341 | 314 | 320 | 320 | 310 | 316 | 329 | 303 | 333 |
| EPS in Rs | 32.20 | 29.44 | 29.84 | 31.79 | 32.24 | 29.63 | 30.20 | 30.45 | 29.38 | 29.79 | 31.01 | 28.55 | 31.33 |
Financials of L&T Technology Services Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,619 | 3,066 | 3,248 | 3,747 | 5,078 | 5,619 | 5,450 | 6,570 | 8,816 | 9,647 | 9,642 | 10,996 |
| Expenses + | 2,220 | 2,547 | 2,663 | 3,172 | 4,164 | 4,509 | 4,442 | 5,155 | 7,055 | 7,728 | 7,852 | 9,061 |
| Operating Profit | 399 | 519 | 586 | 576 | 915 | 1,110 | 1,007 | 1,415 | 1,761 | 1,919 | 1,790 | 1,935 |
| OPM % | 15% | 17% | 18% | 15% | 18% | 20% | 18% | 22% | 20% | 20% | 19% | 18% |
| Other Income + | 25 | 84 | 58 | 193 | 223 | 209 | 154 | 152 | 203 | 207 | 283 | 200 |
| Interest | 3 | 2 | 2 | 2 | 2 | 36 | 46 | 44 | 44 | 51 | 56 | 64 |
| Depreciation | 48 | 59 | 62 | 89 | 104 | 183 | 218 | 214 | 234 | 272 | 303 | 345 |
| Profit before tax | 372 | 542 | 579 | 678 | 1,031 | 1,100 | 897 | 1,309 | 1,686 | 1,804 | 1,713 | 1,726 |
| Tax % | 16% | 23% | 27% | 25% | 26% | 25% | 26% | 27% | 28% | 28% | 26% | 26% |
| Net Profit + | 311 | 419 | 425 | 507 | 768 | 822 | 666 | 961 | 1,216 | 1,306 | 1,264 | 1,281 |
| EPS in Rs | 10.36 | 55.88 | 41.78 | 49.39 | 73.61 | 78.33 | 63.14 | 90.68 | 114.77 | 123.28 | 119.64 | 120.68 |
| Dividend Payout % | 50% | 26% | 29% | 32% | 29% | 27% | 35% | 39% | 39% | 41% | 46% | 48% |
Financials of L&T Technology Services Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 300 | 300 | 20 | 20 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Reserves | 2 | 766 | 1,465 | 1,916 | 2,458 | 2,748 | 3,452 | 4,141 | 4,414 | 5,306 | 6,059 | 6,452 |
| Borrowings + | 969 | 196 | 102 | 70 | 70 | 30 | 480 | 477 | 454 | 659 | 578 | 578 |
| Other Liabilities + | 507 | 681 | 644 | 696 | 802 | 1,504 | 1,113 | 1,438 | 3,295 | 2,497 | 2,970 | 3,438 |
| Total Liabilities | 1,778 | 1,942 | 2,232 | 2,702 | 3,352 | 4,303 | 5,066 | 6,077 | 8,184 | 8,483 | 9,627 | 10,489 |
| Fixed Assets + | 569 | 621 | 614 | 709 | 780 | 1,174 | 1,282 | 1,283 | 1,303 | 1,613 | 2,245 | 2,250 |
| CWIP | 0 | 14 | 2 | 0 | 0 | 9 | 12 | 10 | 6 | 13 | 28 | 12 |
| Investments | 0 | 56 | 195 | 221 | 575 | 642 | 1,515 | 1,478 | 2,284 | 1,493 | 1,310 | 1,896 |
| Other Assets + | 1,208 | 1,252 | 1,421 | 1,772 | 1,997 | 2,479 | 2,257 | 3,307 | 4,590 | 5,365 | 6,045 | 6,330 |
| Total Assets | 1,778 | 1,942 | 2,232 | 2,702 | 3,352 | 4,303 | 5,066 | 6,077 | 8,184 | 8,483 | 9,627 | 10,489 |
Financials of L&T Technology Services Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 289 | 544 | 388 | 409 | 806 | 638 | 1,332 | 1,006 | 1,313 | 1,493 | 1,481 | 1,455 |
| Cash from Investing Activity + | -667 | -176 | -178 | -196 | -509 | -222 | -1,005 | -448 | -578 | -233 | -509 | -443 |
| Cash from Financing Activity + | 464 | -383 | -222 | -132 | -245 | -406 | -363 | -498 | -445 | -658 | -718 | -800 |
| Net Cash Flow | 86 | -15 | -12 | 81 | 52 | 10 | -36 | 60 | 290 | 602 | 254 | 213 |
| Free Cash Flow | 236 | 418 | 343 | 324 | 718 | 487 | 1,257 | 851 | 1,134 | 1,251 | 1,379 | 1,280 |
| CFO/OP | 89% | 137% | 93% | 101% | 119% | 77% | 157% | 96% | 101% | 105% | 110% | 96% |
Financials of L&T Technology Services Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 96 | 86 | 80 | 94 | 76 | 90 | 83 | 94 | 89 | 82 | 95 | 67 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 96 | 86 | 80 | 94 | 76 | 90 | 83 | 94 | 89 | 82 | 95 | 67 |
| Working Capital Days | 67 | 18 | 48 | 70 | 52 | 66 | 44 | 49 | 11 | 38 | 36 | 35 |
| ROCE % | 43% | 41% | 38% | 45% | 43% | 27% | 31% | 36% | 34% | 27% | 27% |