| ₹ crore | Q2 FY27 | Q2 FY26 | Change |
|---|---|---|---|
| Revenue | 3,040 | 2,980 | +2.0% |
| EBITDA | 586 | 491 | +19.4% |
| EBITDA margin | 19.3% | 16.5% | +2.8 pts |
| Profit before tax | 514 | 448 | +14.6% |
| Net profit | 549 | 329 | +66.7% |
| EPS | ₹51.67 | ₹31.02 | +66.6% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 43,334 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 3,589 | 3,078 | 2,343 | 2,416 | 2,643 | ||
| 20.6 | 19.5 | 17.5 | 20.7 | 18.0 | ||
| 39,766 | — | — | — | — | ||
| 11,762 | 10,996 | 10,670 | 9,647 | 8,014 | ||
| — | +3.1% | +10.6% | +20.4% | — | ||
| 2,169 | 1,935 | 1,893 | 1,919 | 1,711 | ||
| 18.4% | 17.6% | 17.7% | 19.9% | 21.4% | ||
| 1,820 | 1,590 | 1,587 | 1,647 | 1,479 | ||
| 1,542 | 1,281 | 1,264 | 1,306 | 1,174 | ||
| 13.1% | 11.7% | 11.8% | 13.5% | 14.7% | ||
| ₹145.24 | ₹120.68 | ₹119.50 | ₹122.99 | ₹110.36 | ||
| — | +1.0% | −2.8% | +11.4% | — | ||
| — | 1,455 | 1,481 | 1,493 | 1,305 | ||
| — | −185 | −112 | −253 | −176 | ||
| 1,270 | 1,270 | 1,370 | 1,240 | 1,130 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 43,333.9 | |
| - Cash, Equiv & ST Investments | 2,643.4 | 2,415.7 | 2,343.4 | 3,078.3 | 3,588.8 | |
| + Minority Interest | 18.0 | 20.7 | 17.5 | 19.5 | 20.6 | |
| Enterprise Value | — | — | — | — | 39,765.7 | |
| Revenue | 8,013.6 | 9,647.3 | 10,670.1 | 10,995.9 | 11,761.9 | |
| Growth %, YoY | — | +20.4 | +10.6 | +3.1 | — | |
| EBITDA | 1,710.7 | 1,919.0 | 1,892.5 | 1,935.0 | 2,169.3 | |
| Margin % | 21.35 | 19.89 | 17.74 | 17.60 | 18.44 | |
| EBIT | 1,479.2 | 1,647.4 | 1,587.2 | 1,589.8 | 1,819.8 | |
| Net Income | 1,174.1 | 1,306.3 | 1,263.5 | 1,281.1 | 1,541.6 | |
| Margin % | 14.65 | 13.54 | 11.84 | 11.65 | 13.11 | |
| EPS, Adj (current shares) | 110.36 | 122.99 | 119.50 | 120.68 | 145.24 | |
| Growth %, YoY | — | +11.4 | -2.8 | +1.0 | — | |
| Cash from Operations | 1,305.1 | 1,492.8 | 1,481.1 | 1,455.1 | — | |
| Capital Expenditures | -175.5 | -252.8 | -111.6 | -185.1 | — | |
| Free Cash Flow | 1,129.6 | 1,240.0 | 1,369.5 | 1,270.0 | 1,270.0 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
L&T Technology Services (NSE: LTTS) had a market capitalisation of ₹44,336 crore at the 29 October 2026 close (₹4,182.60 a share), a PE ratio of 28.8 on the last four quarters' profit and a price-to-book ratio of 6.26. In FY26 its consolidated net profit attributable to shareholders was ₹1,279 crore on revenue of ₹10,996 crore; in Q2 FY27 (July–September 2026) it was ₹548 crore, up 66.8% year on year. It had no borrowings on 30 September 2026. Promoters held 73.51% of the shares on 30 September 2026.
LTTS's PE ratio is 28.8 at the 29 October 2026 close (₹4,182.60 a share): a market capitalisation of ₹44,336 crore divided by consolidated net profit attributable to shareholders of ₹1,540 crore over the last four quarters (Q3 FY26 to Q2 FY27). On FY26 net profit attributable to shareholders (₹1,279 crore) it is 34.7.
LTTS's price-to-book (PB) ratio is 6.26 at the 29 October 2026 close: a market capitalisation of ₹44,336 crore divided by shareholders' equity (book value) of ₹7,081 crore on 30 September 2026. That is a book value of ₹668.02 per share against a share price of ₹4,182.60.
LTTS's net worth — shareholders' equity in its consolidated balance sheet — was ₹7,081 crore on 30 September 2026, up 14.4% from ₹6,189 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹44,336 crore at the 29 October 2026 close.
LTTS's market capitalisation was ₹44,336 crore at the 29 October 2026 close: 10.6 crore shares at ₹4,182.60 each.
Yes. LTTS had no borrowings on 30 September 2026 (consolidated balance sheet), and it held ₹3,590 crore of cash, bank balances and current investments.
LTTS's debt-to-equity ratio was 0.00 on 30 September 2026: no borrowings against total equity of ₹7,102 crore. A year earlier, on 30 September 2025, it was 0.00.
In FY26, LTTS's return on equity (ROE) was 20.4% and its return on capital employed (ROCE) was 21.8%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 22.2% and ROCE 25.2%.
LTTS's book value per share was ₹668.02 on 30 September 2026: shareholders' equity of ₹7,081 crore divided by the 10.6 crore shares in issue, up 14.4% from ₹583.87 a year earlier. The share price at the 29 October 2026 close was ₹4,182.60.
On 30 September 2026, LTTS's shares were held by promoters 73.51%, foreign portfolio investors (FII/FPI) 4.43%, domestic institutions (DII) 13.76% (including mutual funds at 3.15%) and retail and other non-institutional investors 8.29%. Over the year, FII holding was down 0.24 percentage points from 4.67% and DII holding was down 0.37 percentage points from 14.13%.
LTTS's basic earnings per share (EPS) were ₹120.71 in FY26, against ₹119.70 in FY25. Over the last four quarters (Q3 FY26 to Q2 FY27) they add up to ₹145.19.
In 2026, LTTS has declared two dividends totalling ₹60 a share: ₹40 with record date 22 May 2026 and ₹20 (interim) with record date 27 October 2026.
In FY26, LTTS generated ₹1,455 crore of cash from operations and spent ₹185 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹1,270 crore. In FY25 it was ₹1,370 crore.
LTTS's dividend yield is 1.43% at the 29 October 2026 close: dividends of ₹60 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹4,182.60. They were ₹20 on 27 October 2026 (interim) and ₹40 on 22 May 2026.
Promoters held 73.51% of LTTS on 30 September 2026, down 0.01 percentage points from 73.52% the previous quarter and down 0.07 percentage points from 73.58% a year earlier, according to the shareholding pattern filed with NSE.
LTTS's latest results are for Q2 FY27 (July–September 2026), filed on 19 October 2026: consolidated net profit attributable to shareholders ₹548 crore, up 66.8% from ₹329 crore in Q2 FY26; revenue from operations ₹3,040 crore, up 2.0% year on year.
In FY26 (April 2025–March 2026), LTTS's consolidated net profit attributable to shareholders was ₹1,279 crore, up 1.0% from ₹1,267 crore in FY25, on revenue from operations of ₹10,996 crore (up 3.1%). Over three years, from FY23, net profit was up 9.4%.
LTTS has reported Q2 FY27. Its next results, for Q3 FY27 (October–December 2026), are due by 14 February 2027 under SEBI's 45-day rule; the company notifies the board-meeting date at least two working days before.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, LTTS's PE ratio is 34.7, the highest of the three: KPIT Tech 23.3 and Cyient 28.0, a peer average of 25.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.
On FY26 consolidated figures, against KPIT Tech and Cyient: LTTS's operating margin of 14.5% is the second highest of the three (KPIT Tech 14.8%, Cyient 8.7%; peer average 11.8%); its return on equity of 20.4% is the highest of the three (KPIT Tech 19.8%, Cyient 7.8%; peer average 13.8%); its revenue growth over three years of 11.1% a year is the second highest of the three (KPIT Tech 24.3% a year, Cyient 6.5% a year; peer average 15.4% a year).
In FY26, LTTS earned net profit attributable to shareholders of ₹1,279 crore on revenue of ₹10,996 crore, against ₹637 crore on ₹6,455 crore for KPIT Tech. LTTS's operating margin was 14.5% (KPIT Tech 14.8%) and its return on equity 20.4% (KPIT Tech 19.8%). At the 29 October 2026 close, LTTS's market capitalisation was ₹44,336 crore against ₹14,819 crore for KPIT Tech, and its PE ratio on FY26 profit 34.7 against 23.3.
From L&T Technology Services' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.