L&T Technology Share Price ₹3,337 | P/E 26.3

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of L&T Technology

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

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

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

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

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%

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