Duyuru • Jun 01
L&T Technology Services Limited Approves Declaration of Final Dividend for the Year 2025-26 L&T Technology Services Limited approved declaration of final dividend of Rs. 40 per equity share of face value INR 2 each for financial year 2025-26, at the AGM held on June 1, 2026. Upcoming Dividend • May 15
Upcoming dividend of ₹40.00 per share Eligible shareholders must have bought the stock before 22 May 2026. Payment date: 01 July 2026. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 1.7%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (1.3%). Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 6 experienced directors. 3 highly experienced directors. Independent Director Aruna Sundararajan was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 24
L&T Technology Services Limited Recommends Final Dividend for the Financial Year Ended March 31, 2026 L&T Technology Services Limited announced that at the board meeting held on April 22, 2026, the Board of Directors has recommended a final dividend of INR 40/- per equity share of face value of INR 2/- each for the financial year ended March 31, 2026. The Company will pay the proposed Final Dividend within 30 days after approval of the shareholders in the upcoming Annual General Meeting. Pursuant to Regulation 42 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the Company has fixed May 22, 2026, as the "Record Date" for the purpose of determining the Members eligible to receive final dividend for fiscal year 2025-26. The Final Dividend, if approved at the AGM, shall be paid by the Company within 30 days of the AGM. Duyuru • Apr 23
L&T Technology Services Limited, Annual General Meeting, Jun 01, 2026 L&T Technology Services Limited, Annual General Meeting, Jun 01, 2026, at 15:30 Indian Standard Time. Reported Earnings • Apr 23
Full year 2026 earnings: EPS and revenues miss analyst expectations Full year 2026 results: EPS: ₹116 (down from ₹120 in FY 2025). Revenue: ₹112.2b (up 5.1% from FY 2025). Net income: ₹12.3b (down 3.0% from FY 2025). Profit margin: 11% (down from 12% in FY 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) also missed analyst estimates by 2.2%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Price Target Changed • Apr 09
Price target decreased by 7.3% to ₹3,815 Down from ₹4,114, the current price target is an average from 29 analysts. New target price is 14% above last closing price of ₹3,333. Stock is down 18% over the past year. The company is forecast to post earnings per share of ₹124 for next year compared to ₹120 last year. Duyuru • Apr 08
L&T Technology Services Limited to Report Q4, 2026 Results on Apr 22, 2026 L&T Technology Services Limited announced that they will report Q4, 2026 results at 4:00 PM, Indian Standard Time on Apr 22, 2026 Duyuru • Mar 27
Paradigmit Technology Services Private Limited and AM Intelligence Labs Private Limited acquired Smart World and Communication (SWC) business from L&T Technology Services Limited (NSEI:LTTS). Paradigmit Technology Services Private Limited and AM Intelligence Labs Private Limited acquired Smart World and Communication (SWC) business from L&T Technology Services Limited (NSEI:LTTS) on March 25, 2026.
Paradigmit Technology Services Private Limited and AM Intelligence Labs Private Limited completed the acquisition of Smart World and Communication (SWC) business from L&T Technology Services Limited (NSEI:LTTS) on March 25, 2026. Duyuru • Mar 16
L&T Technology Services Limited Launches NVIDIA -Powered AI Lung Digital Twin Platform L&T Technology Services Limited announced its next-generation, AI-powered digital twin platform for lung navigation, surgical planning and respiratory diagnostics. The platform combines LTTS’ expertise across medical imaging, AI-driven diagnostics, and connected healthcare systems with NVIDIA AI infrastructure to enable greater precision and enhanced outcomes. LTTS’ lung digital twin solution integrates directly with CT imaging workflows and leverages deep learning models to reconstruct a comprehensive 3D digital twin of the lungs. This redefines visualization of critical anatomical structures including airways, blood vessels, lung lobes, and lesions, enabling clinicians to explore patient-specific lung anatomy in an immersive digital environment and simulate procedural pathways for bronchoscopy and biopsy planning. The platform is powered by NVIDIA Physical AI infrastructure, including NVIDIA Omniverse and OpenUSD for interactive 3D digital twin visualization of lung anatomy and supporting immersive exploration of complex structures, NVIDIA TensorRT to drive optimized AI inference performance across high-speed clinical workflows, and NVIDIA MONAI to enable advanced medical image segmentation, enabling automated identification of airways, vessels, tumors and lung lobes. LTTS’ scalable digital twin platform transforms static CT scans into dynamic, simulation-ready lung models, allowing clinicians to analyze anatomical relationships, plan surgical pathways and navigate bronchoscopic procedures with enhanced accuracy. The framework also supports advanced visualization, automated segmentation, volumetric analysis, and navigation path planning, helping clinicians reduce pre-operative planning time and improve overall procedural safety. With respiratory diseases such as lung cancer and COPD continuing to rise globally, AI-driven digital twin technologies are expected to accelerate the shift from traditional imaging interpretation toward predictive, simulation-driven and minimally invasive intervention planning, enabling more personalized and data-driven treatment pathways. Duyuru • Jan 23
L&T Technology Services Limited Announces Cessation of Sudip Banerjee as Independent Director, Effective January 20, 2026 L&T Technology Services Limited announced that Mr. Sudip Banerjee has completed his second term of five years as an Independent Director on January 20, 2026, and consequently he ceases to be an Independent Director of the Company. The cessation is in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Annexure A provides details regarding the cessation of Mr. Sudip Banerjee as an Independent Director, including the reason for change and date of cessation. Reported Earnings • Jan 16
Third quarter 2026 earnings: EPS and revenues miss analyst expectations Third quarter 2026 results: EPS: ₹28.56 (down from ₹30.47 in 3Q 2025). Revenue: ₹29.6b (up 12% from 3Q 2025). Net income: ₹3.03b (down 6.1% from 3Q 2025). Profit margin: 10% (down from 12% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 9.8%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 7% per year. Duyuru • Dec 23
L&T Technology Services Limited to Report Q3, 2026 Results on Jan 15, 2026 L&T Technology Services Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Jan 15, 2026 Duyuru • Dec 01
L&T Technology Services Announces the Development of Next-Gen Ai-Powered Digital Twin Platform for Respiratory Diagnostics and Lung Navigation L&T Technology Services announced the development of a next-gen AI-powered digital twin platform for respiratory diagnostics and lung navigation. Combining LTTS' expertise in platform engineering, AI-driven diagnostics, connected health systems and advanced imaging and visualization with cutting edge NVIDIA AI infrastructure, LTTS aims to deliver scalable, low-latency solutions that enhance diagnostic precision and improve accessibility for healthcare providers worldwide. To be unveiled at the Radiological Society of North America (RSNA) 2025, the LTTS solution integrates with CT imaging and leverages deep learning models to create a 3D digital twin of lung anatomy, providing visualization of airways, blood vessels, lung lobes and lesions. Powered by NVIDIA MONAI for medical image segmentation and NVIDIA TensorRT for optimized AI inference, the biological digital twin enables interactive visualization, precise path planning and navigation support for bronchoscopy, helping clinicians navigate complex procedures with greater efficiency. LTTS' deep domain engineering expertise in medical imaging and proprietary navigation systems ensures the platform transforms the snapshots taken into living breathing models that evolve with the patient, delivering intuitive, clinically meaningful simulations that mirror real-world anatomy. This helps transform surgical planning and advancing care for serious conditions such as lung cancer, COPD and infectious diseases. Declared Dividend • Oct 22
First half dividend increased to ₹18.00 Dividend of ₹18.00 is 5.9% higher than last year. Ex-date: 27th October 2025 Payment date: 16th November 2025 Dividend yield will be 1.3%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (40% cash payout ratio). The dividend has increased by an average of 28% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 19
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: EPS: ₹31.02 (up from ₹30.20 in 2Q 2025). Revenue: ₹29.8b (up 16% from 2Q 2025). Net income: ₹3.29b (up 2.8% from 2Q 2025). Profit margin: 11% (down from 12% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.5%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Duyuru • Sep 30
L&T Technology Services Limited to Report Q2, 2026 Results on Oct 17, 2025 L&T Technology Services Limited announced that they will report Q2, 2026 results After-Market on Oct 17, 2025 Duyuru • Aug 21
L&T Technology Services Launches PLxAI, Proprietary GenAI Framework to Accelerate Product Development L&T Technology Services Limited announced the launch of PLxAI, the Company's proprietary GenAI-based framework to accelerate the Product Development Life Cycle for its global clients across Mobility, Sustainability, and Tech. Developed by vastly experienced PDLC SMEs, the framework uses a combination of Generative AI & Conventional AI to provide a one-stop shop to develop scalable and reusable solutions across all PDLC stages, ranging from concept design to aftermarket services support. It incorporates advanced features like capturing and leveraging existing knowledge, including organizational and tribal knowledge, to deliver context-aware insights that enhance and optimize product engineering. PLxAI integrates smart prompting and contextual intelligence, enhancing product engineering from concept and design to validation and aftermarket support. To date, the LTTS team has already deployed over 36 use cases across various life cycle stages (in various stages of deployment), and an additional 35 use cases are in design phase across: Concept Design: Innovation assistant for competitive benchmarking and technology scouting. Component Design: Design assistant for generating specifications, diagrams, and calculations., Validation Planning: Automated creation of Design Validation Plans and DFMEA templates., Failure Mode Analysis: Customizable FMEA generation using organizational templates., Digital Twin Integration: Supports physical and virtual testing workflows, and Agentic Workflows: proactive agents that automate multi-step engineering tasks. By accelerating the rate of innovation and optimizing costs across product development, PLxAI promises to be a transformative offering, poised to redefine how businesses approach product development, unlocking new pathways for growth and efficiency. Reported Earnings • Jul 17
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: ₹29.81 (up from ₹29.65 in 1Q 2025). Revenue: ₹29.3b (up 19% from 1Q 2025). Net income: ₹3.16b (flat on 1Q 2025). Profit margin: 11% (down from 13% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) exceeded analyst estimates by 2.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. Duyuru • Jun 30
L&T Technology Services Limited to Report Q1, 2026 Results on Jul 16, 2025 L&T Technology Services Limited announced that they will report Q1, 2026 results After-Market on Jul 16, 2025 Duyuru • Jun 18
L&T Technology Services Limited Approves Final Dividend for the Financial Year 2024-25 L&T Technology Services Limited at its Annual General Meeting held on June 16, 2025, approved to declare Final Dividend of INR 38 per equity share of face value INR 2 each for the Financial Year 2024-25. Upcoming Dividend • Jun 02
Upcoming dividend of ₹38.00 per share Eligible shareholders must have bought the stock before 06 June 2025. Payment date: 16 July 2025. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 1.3%. Within top quartile of Indian dividend payers (1.3%). Higher than average of industry peers (1.1%). Reported Earnings • May 29
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹120 (down from ₹123 in FY 2024). Revenue: ₹106.7b (up 11% from FY 2024). Net income: ₹12.7b (down 2.8% from FY 2024). Profit margin: 12% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year whereas the company’s share price has increased by 7% per year. Declared Dividend • May 18
Final dividend increased to ₹38.00 Dividend of ₹38.00 is 15% higher than last year. Ex-date: 6th June 2025 Payment date: 16th July 2025 Dividend yield will be 1.2%, which is higher than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (46% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 28% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • May 16
L&T Technology Services Limited, Annual General Meeting, Jun 16, 2025 L&T Technology Services Limited, Annual General Meeting, Jun 16, 2025, at 15:00 Indian Standard Time. Price Target Changed • Apr 29
Price target decreased by 8.1% to ₹4,621 Down from ₹5,027, the current price target is an average from 29 analysts. New target price is 10% above last closing price of ₹4,184. Stock is down 9.8% over the past year. The company is forecast to post earnings per share of ₹136 for next year compared to ₹120 last year. Reported Earnings • Apr 25
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹120 (down from ₹123 in FY 2024). Revenue: ₹108.8b (up 13% from FY 2024). Net income: ₹12.7b (down 2.8% from FY 2024). Profit margin: 12% (down from 14% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.3%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jan 16
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: ₹30.47 (down from ₹31.80 in 3Q 2024). Revenue: ₹26.5b (up 9.5% from 3Q 2024). Net income: ₹3.22b (down 4.1% from 3Q 2024). Profit margin: 12% (down from 14% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 3.1%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Duyuru • Jan 04
L&T Technology Services Limited (NSEI:LTTS) completed the acquisition of Intelliswift Software, Inc. L&T Technology Services Limited (NSEI:LTTS) signed a definitive agreement to acquire Intelliswift Software, Inc. on November 11, 2024. The proposed acquisition is expected to be completed on or before 28 February 2025, subject to fulfilment of the closing conditions under the definitive agreements, or such other date, as may be mutually agreed between the parties. The aggregate consideration (including upfront and deferred consideration, retention bonus) for acquisition of the Target Entities (Intelliswift Software, Inc. and Intelliswift Software Private Limited) is up to USD 110 million.
L&T Technology Services Limited (NSEI:LTTS) completed the acquisition of Intelliswift Software, Inc. on January 3, 2025. Recent Insider Transactions • Dec 21
Insider recently sold ₹2.3m worth of stock On the 18th of December, Bhanu Gopalam sold around 451 shares on-market at roughly ₹5,177 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹22m. Insiders have been net sellers, collectively disposing of ₹655m more than they bought in the last 12 months. Recent Insider Transactions • Nov 21
Insider recently sold ₹2.7m worth of stock On the 12th of November, Pradeep Amirtharaj sold around 500 shares on-market at roughly ₹5,320 per share. This transaction amounted to 4.3% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹27m. Insiders have been net sellers, collectively disposing of ₹726m more than they bought in the last 12 months. Duyuru • Nov 12
L&T Technology Services Limited (NSEI:LTTS) signed a definitive agreement to acquire Intelliswift Software, Inc. L&T Technology Services Limited (NSEI:LTTS) signed a definitive agreement to acquire Intelliswift Software, Inc. on November 11, 2024. The proposed acquisition is expected to be completed on or before 28 February 2025, subject to fulfilment of the closing conditions under the definitive agreements, or such other date, as may be mutually agreed between the parties. The aggregate consideration (including upfront and deferred consideration, retention bonus) for acquisition of the Target Entities (Intelliswift Software, Inc. and Intelliswift SoftwarenPrivate Limited) is up to USD 110 million. Recent Insider Transactions • Nov 08
Insider recently sold ₹3.5m worth of stock On the 6th of November, Seema Ghanekar sold around 700 shares on-market at roughly ₹5,053 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹32m. Insiders have been net sellers, collectively disposing of ₹748m more than they bought in the last 12 months. Recent Insider Transactions • Oct 25
Insider recently sold ₹2.6m worth of stock On the 22nd of October, Seema Ghanekar sold around 500 shares on-market at roughly ₹5,261 per share. This transaction amounted to 7.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹32m. Insiders have been net sellers, collectively disposing of ₹745m more than they bought in the last 12 months. Duyuru • Oct 24
L&T Technology Services Limited Announces the Grand Opening of its LTTS Experience Zone at its Design Hub in Bengaluru L&T Technology Services Limited announced the grand opening of its LTTS Experience Zone at its design hub in Bengaluru benefitting customers in segments like Mobility and Tech. This AI-driven LTTS Experience Zone, leveraging the NVIDIA AI platform, is set to serve clients in the Mobility and Tech segments. The LTTS Experience Zone offers an immersive environment where visitors can engage with live demonstrations, interactive displays and expert consultations. It showcases the transformative power of NVIDIA AI, pushing the boundaries of AI-driven technologies to address complex challenges in critical sectors. In healthcare, LTTS' Software Defined Architectures, powered by NVIDIA Holoscan and NVIDIA IGX, are set to transform healthcare delivery with AI-based diagnostics, real-time data analysis, and precision annotation, enhancing efficiency, accuracy, and broadening access to underserved regions. The telecommunications sector stands to benefit from generative AI and NVIDIA AI solutions, which will bolster connectivity, network resilience, and 5G integration. LTTS is enhancing product engineering services by integrating 5G, network virtualization and master telco network solutions from design to deployment, thus improving communication across urban and rural landscapes. For the Mobility segment, the collaboration between NVIDIA and LTTS will offer advanced solutions for safety, automation, and predictive maintenance, optimizing operations and enhancing passenger safety and experience. With its focus on fostering dialogue and accelerating the adoption of next-gen solutions, LTTS is driving a future where technology is seamlessly integrated across industries. LTTS is upskilling over 1,000 engineers on NVIDIA software, including the NVIDIA AI Enterprise software platform. This investment in education and training will enable LTTS to accelerate AI adoption to solve complex challenges. The LTTS Experience Zone will be open to industry experts, partners, and customers for guided tours, demonstrations, and discussions. Appointments can be booked through LTTS. Duyuru • Oct 18
L&T Technology Services Limited Reaffirms Financial Guidance for the Fiscal Year 2024 L&T Technology Services Limited reaffirmed financial guidance for the fiscal year 2024. For the period, the company reaffirm guidance of 8% to 10% revenue growth in constant currency. Declared Dividend • Oct 18
First half dividend of ₹17.00 announced Dividend of ₹17.00 is the same as last year. Ex-date: 25th October 2024 Payment date: 15th November 2024 Dividend yield will be 1.0%, which is lower than the industry average of 1.1%. Sustainability & Growth Dividend is well covered by both earnings (40% earnings payout ratio) and cash flows (47% cash payout ratio). The dividend has increased by an average of 30% per year over the past 8 years. However, payments have been volatile during that time. EPS is expected to grow by 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 17
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: ₹30.20 (up from ₹29.84 in 2Q 2024). Revenue: ₹25.7b (up 7.8% from 2Q 2024). Net income: ₹3.20b (up 1.3% from 2Q 2024). Profit margin: 12% (in line with 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.7%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Oct 16
L&T Technology Services Limited Declares Interim Dividend L&T Technology Services Limited board declared an Interim Dividend of INR 17/- per equity share. The Interim Dividend shall be paid to equity shareholders of the Company whose names will appear in the Register of Members or in the records of the Depositories as Beneficial Owners of Equity shares as on October 25, 2024. Recent Insider Transactions • Oct 06
Insider recently sold ₹3.0m worth of stock On the 30th of September, Bhanu Gopalam sold around 550 shares on-market at roughly ₹5,390 per share. This transaction amounted to 5.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹32m. Insiders have been net sellers, collectively disposing of ₹743m more than they bought in the last 12 months. Recent Insider Transactions • Sep 20
CEO, MD & Whole Time Director recently sold ₹24m worth of stock On the 13th of September, Amit Pal Chadha sold around 4k shares on-market at roughly ₹5,768 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹32m. Amit Pal has been a net seller over the last 12 months, reducing personal holdings by ₹29m. Recent Insider Transactions • Aug 23
President of Medical recently sold ₹32m worth of stock On the 20th of August, Abhishek Sinha sold around 6k shares on-market at roughly ₹5,284 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹647m more than they bought in the last 12 months. Reported Earnings • Jul 20
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ₹29.65 (up from ₹29.45 in 1Q 2024). Revenue: ₹24.6b (up 7.0% from 1Q 2024). Net income: ₹3.14b (flat on 1Q 2024). Profit margin: 13% (in line with 1Q 2024). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 3.7%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 28
L&T Technology Services Limited Approves Final Dividend for the Financial Year Ended March 31, 2024 L&T Technology Services Limited at its Annual General Meeting held on June 26, 2024, approved final dividend for the financial year ended March 31, 2024, amounting to INR 33 per equity share. Recent Insider Transactions • Jun 25
Insider recently sold ₹7.0m worth of stock On the 18th of June, Snehal Oza sold around 1k shares on-market at roughly ₹4,846 per share. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹32m. Insiders have been net sellers, collectively disposing of ₹682m more than they bought in the last 12 months. Upcoming Dividend • Jun 07
Upcoming dividend of ₹33.00 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (1.3%). Duyuru • May 31
L&T Technology Services Limited, Annual General Meeting, Jun 26, 2024 L&T Technology Services Limited, Annual General Meeting, Jun 26, 2024, at 16:00 Indian Standard Time. Recent Insider Transactions • May 11
Insider recently sold ₹3.4m worth of stock On the 8th of May, Seema Ghanekar sold around 750 shares on-market at roughly ₹4,513 per share. This transaction amounted to 8.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹55m. Insiders have been net sellers, collectively disposing of ₹711m more than they bought in the last 12 months. Duyuru • Apr 27
L&T Technology Services Limited, Annual General Meeting, Apr 25, 2024 L&T Technology Services Limited, Annual General Meeting, Apr 25, 2024, at 14:00 Indian Standard Time. Agenda: To consider Audited Standalone Financial Results of the Company for the quarter and year ended March 31, 2024, along with the Report of the Auditors thereon; and to Audited Consolidated Financial Results of the Company and its subsidiaries, for the quarter and year ended March 31, 2024, along with the Report of the Auditors thereon. Reported Earnings • Apr 26
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full year 2024 results: EPS: ₹123 (up from ₹111 in FY 2023). Revenue: ₹98.5b (up 23% from FY 2023). Net income: ₹13.0b (up 11% from FY 2023). Profit margin: 13% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 20% per year whereas the company’s share price has increased by 21% per year. Duyuru • Apr 26
L&T Technology Services Limited Recommends Final Dividend L&T Technology Services Limited at its board meeting held on April 25, 2024 recommended a final dividend of INR 33 per equity share, subject To Approve the shareholders of the Company, which if approved, shall be paid/dispatched within thirty days from the conclusion of the Annual General Meeting of the Company. The Record date for the purpose of final dividend shall be intimated later. Recent Insider Transactions • Mar 28
Chief Marketing Officer recently sold ₹27m worth of stock On the 26th of March, Samir Bagga sold around 5k shares on-market at roughly ₹5,359 per share. This transaction amounted to 35% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹55m. Insiders have been net sellers, collectively disposing of ₹704m more than they bought in the last 12 months. Duyuru • Mar 07
L&T Technology Services Limited Announces Change of Company Secretary L&T Technology Services Limited informed that Ms. Prajakta Powle, Company Secretary and Compliance Officer of the Company has tendered her resignation and shall cease to be the Company Secretary and Compliance Officer of the Company with effect from close of business hours of April 30, 2024. Upon the recommendation of the Nomination and Remuneration Committee, the Board of Directors in its meeting held on March 7, 2024, has approved the appointment of Mr. Prasad Shanbhag as Company Secretary and Compliance Officer of the Company (Membership No. A 30254) with effect from May 1, 2024. Mr. Prasad Shanbhag is a qualified Chartered Accountant, Company Secretary and Cost Accountant and has been with Larsen & Toubro Limited (L&T) for more than 28 years. He is currently the Joint Company Secretary at L&T and has around 17 years' experience in the corporate secretarial function handling compliance with corporate laws. He has expertise in handling issues related to Companies Act, SEBI and RBI /FEMA regulations. He has also been involved in advising on governance aspects to business teams, administering the Insider Trading Regulations & Policy and conducting internal workshops on the various governance policies of L&T. Prior to joining the Secretarial department at L&T in 2007, Mr. Prasad has been associated with the Accounts function of a business unit as well as the Corporate Finance department of L&T where he handled Budgets, Financial Accounting, Management Information Systems and Treasury operations. Recent Insider Transactions • Feb 24
Whole Time Director & COO recently sold ₹55m worth of stock On the 19th of February, Abhishek Sinha sold around 10k shares on-market at roughly ₹5,472 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Abhishek has been a net seller over the last 12 months, reducing personal holdings by ₹76m. Recent Insider Transactions • Feb 08
Insider recently sold ₹5.0m worth of stock On the 2nd of February, Amit Kulkarni sold around 900 shares on-market at roughly ₹5,600 per share. This transaction amounted to 10.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹45m. Insiders have been net sellers, collectively disposing of ₹564m more than they bought in the last 12 months. Price Target Changed • Jan 18
Price target increased by 7.4% to ₹4,808 Up from ₹4,476, the current price target is an average from 24 analysts. New target price is 11% below last closing price of ₹5,407. Stock is up 59% over the past year. The company is forecast to post earnings per share of ₹123 for next year compared to ₹111 last year. Reported Earnings • Jan 17
Third quarter 2024 earnings: EPS in line with expectations, revenues disappoint Third quarter 2024 results: EPS: ₹31.80 (up from ₹28.75 in 3Q 2023). Revenue: ₹24.8b (up 21% from 3Q 2023). Net income: ₹3.36b (up 11% from 3Q 2023). Profit margin: 14% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.3%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Dec 19
CSR Head recently sold ₹10m worth of stock On the 15th of December, Kamalapuram Prabhakaran sold around 2k shares on-market at roughly ₹5,133 per share. This transaction amounted to 29% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹24m. Insiders have been net sellers, collectively disposing of ₹399m more than they bought in the last 12 months. Recent Insider Transactions • Dec 14
Insider recently sold ₹9.4m worth of stock On the 5th of December, Sonal Vaidya sold around 2k shares on-market at roughly ₹4,683 per share. This transaction amounted to 31% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹24m. Insiders have been net sellers, collectively disposing of ₹386m more than they bought in the last 12 months. Recent Insider Transactions • Nov 22
Insider recently sold ₹11m worth of stock On the 17th of November, Seema Ghanekar sold around 3k shares on-market at roughly ₹4,406 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹24m. Insiders have been net sellers, collectively disposing of ₹346m more than they bought in the last 12 months. Recent Insider Transactions • Nov 12
Insider recently sold ₹7.7m worth of stock On the 9th of November, Seema Ghanekar sold around 2k shares on-market at roughly ₹4,254 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹24m. Insiders have been net sellers, collectively disposing of ₹348m more than they bought in the last 12 months. Upcoming Dividend • Oct 20
Upcoming dividend of ₹17.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 27 October 2023. Payment date: 16 November 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (1.4%). Duyuru • Oct 18
L&T Technology Services Limited Declares an Interim Dividend L&T Technology Services Limited at its board meeting held on October 17, 2023, declared an Interim Dividend of INR 17 per equity share. The Interim Dividend shall be paid to equity shareholders of the Company whose names willappear in the Register of Members or in the records of the Depositories as Beneficial Owners of Equity shares as on October 27, 2023, which is the Record Date fixed for the aforesaid purpose. Reported Earnings • Oct 18
Second quarter 2024 earnings: Revenues and EPS in line with analyst expectations Second quarter 2024 results: EPS: ₹29.84 (up from ₹26.75 in 2Q 2023). Revenue: ₹24.3b (up 22% from 2Q 2023). Net income: ₹3.15b (up 12% from 2Q 2023). Profit margin: 13% (down from 14% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Sep 20
Insider recently sold ₹12m worth of stock On the 18th of September, Parameswaran Ramakrishnan sold around 3k shares on-market at roughly ₹4,652 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹40m. Insiders have been net sellers, collectively disposing of ₹340m more than they bought in the last 12 months. Recent Insider Transactions • Sep 12
Insider recently sold ₹4.0m worth of stock On the 4th of September, Amit Kulkarni sold around 900 shares on-market at roughly ₹4,487 per share. This transaction amounted to 9.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹40m. Insiders have been net sellers, collectively disposing of ₹318m more than they bought in the last 12 months. Recent Insider Transactions • Aug 04
Non-Executive Director recently sold ₹40m worth of stock On the 31st of July, Keshab Panda sold around 10k shares on-market at roughly ₹4,036 per share. This transaction amounted to 14% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹291m more than they bought in the last 12 months. Recent Insider Transactions • Jul 27
CEO, MD & Whole Time Director recently sold ₹12m worth of stock On the 24th of July, Amit Pal Chadha sold around 3k shares on-market at roughly ₹4,019 per share. This transaction amounted to 2.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹25m. Amit Pal has been a net seller over the last 12 months, reducing personal holdings by ₹32m. Duyuru • Jul 22
L&T Technology Services Limited Approves Final Dividend for the Financial Year Ended March 31, 2023 L&T Technology Services Limited at its AGM held on July 18, 2023, approved to declare Final Dividend for the Financial Year ended March 31, 2023, amounting to INR 30/- per equity share. Upcoming Dividend • Jun 30
Upcoming dividend of ₹30.00 per share at 1.1% yield Eligible shareholders must have bought the stock before 07 July 2023. Payment date: 17 August 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.1%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (1.6%). Reported Earnings • Jun 29
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: ₹111 (up from ₹90.91 in FY 2022). Revenue: ₹80.1b (up 23% from FY 2022). Net income: ₹11.7b (up 22% from FY 2022). Profit margin: 15% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jun 24
CEO, MD & Whole Time Director recently sold ₹16m worth of stock On the 22nd of June, Amit Pal Chadha sold around 4k shares on-market at roughly ₹3,965 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹25m. Amit Pal has been a net seller over the last 12 months, reducing personal holdings by ₹20m. Duyuru • Jun 13
L&T Technology Services Limited, Annual General Meeting, Jul 18, 2023 L&T Technology Services Limited, Annual General Meeting, Jul 18, 2023. Board Change • Jun 08
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Director Luis Miranda was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Jun 02
Insider recently sold ₹2.7m worth of stock On the 29th of May, Bhanu Gopalam sold around 700 shares on-market at roughly ₹3,865 per share. This transaction amounted to 5.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹25m. Insiders have been net sellers, collectively disposing of ₹166m more than they bought in the last 12 months. Recent Insider Transactions • May 27
Insider recently sold ₹1.2m worth of stock On the 19th of May, Rajendra Lingwal sold around 306 shares on-market at roughly ₹3,815 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹25m. Insiders have been net sellers, collectively disposing of ₹163m more than they bought in the last 12 months. Recent Insider Transactions • May 10
Insider recently sold ₹3.3m worth of stock On the 4th of May, Seema Ghanekar sold around 900 shares on-market at roughly ₹3,716 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹18m. Insiders have been net sellers, collectively disposing of ₹157m more than they bought in the last 12 months. Reported Earnings • Apr 27
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: ₹111 (up from ₹90.91 in FY 2022). Revenue: ₹82.2b (up 26% from FY 2022). Net income: ₹11.7b (up 22% from FY 2022). Profit margin: 14% (in line with FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 07
Insider recently sold ₹1.2m worth of stock On the 31st of March, Rajendra Lingwal sold around 350 shares on-market at roughly ₹3,500 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹3.7m. Insiders have been net sellers, collectively disposing of ₹138m more than they bought in the last 12 months. Recent Insider Transactions • Mar 11
CEO, MD & Whole Time Director recently sold ₹3.7m worth of stock On the 9th of March, Amit Pal Chadha sold around 1k shares on-market at roughly ₹3,717 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Amit Pal has been a net seller over the last 12 months, reducing personal holdings by ₹20m. Recent Insider Transactions • Feb 28
Insider recently sold ₹1.7m worth of stock On the 21st of February, Prabhu Suresh sold around 460 shares on-market at roughly ₹3,742 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹2.4m. Insiders have been net sellers, collectively disposing of ₹253m more than they bought in the last 12 months. Reported Earnings • Jan 20
Third quarter 2023 earnings released: EPS: ₹28.75 (vs ₹23.61 in 3Q 2022) Third quarter 2023 results: EPS: ₹28.75 (up from ₹23.61 in 3Q 2022). Revenue: ₹21.2b (up 23% from 3Q 2022). Net income: ₹3.04b (up 22% from 3Q 2022). Profit margin: 14% (in line with 3Q 2022). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Professional Services industry in India. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Jan 04
Insider recently sold ₹1.9m worth of stock On the 28th of December, K. Giri sold around 500 shares on-market at roughly ₹3,701 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹15m. Insiders have been net sellers, collectively disposing of ₹297m more than they bought in the last 12 months. Duyuru • Jan 03
L&T Technology Services Limited to Report Q3, 2023 Results on Jan 19, 2023 L&T Technology Services Limited announced that they will report Q3, 2023 results After-Market on Jan 19, 2023 Recent Insider Transactions • Dec 27
Insider recently sold ₹1.4m worth of stock On the 21st of December, H. Muralidhara sold around 348 shares on-market at roughly ₹4,000 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹15m. Insiders have been net sellers, collectively disposing of ₹350m more than they bought in the last 12 months. Recent Insider Transactions • Nov 30
Insider recently sold ₹1.8m worth of stock On the 28th of November, Sonal Vaidya sold around 452 shares on-market at roughly ₹3,901 per share. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹15m. Insiders have been net sellers, collectively disposing of ₹512m more than they bought in the last 12 months. 
