Interim report
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Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA CIN : L72900MH2012PLC232169\ Tel: +91 22 6892 5257 Fax: +91 2267525893 L&T Technology Services is a subsidiary of Larsen & Toubro Limited L&T Technology Services Limited A.M. Naik Tower,6th Floor, L&T Campus, Gate No.3, Jogeshwari-Vikhroli Link Road, Powai, Mumbai-400072. www.ltts.com October 19, 2026 National Stock Exchange of India Limited Exchange Plaza, C-1, Block G, Bandra-Kurla Complex Bandra (E), Mumbai- 400 051 NSE Symbol: LTTS BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400 001 BSE Scrip Code: 540115 Dear Sir/Madam, Subject: Outcome of Board Meeting held on October 19, 2026 Further to our letter dated September 24, 2026, and in terms of Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) read with the applicable circulars issued thereunder, we wish to inform you that the Board of Directors of the Company, at its meeting held today i.e. October 19, 2026, has inter-alia: 1. Approved the Unaudited (Consolidated and Standalone) Financial Results for the quarter and half year ended September 30, 2026, and have taken on record the Limited Review Reports issued by M S K A & Associates LLP (“Statutory Auditors”), thereon, pursuant to Regulation 33 of the SEBI Listing Regulations, 2015. Copies of the aforementioned financial results and the Limited Review Reports issued by the Statutory Auditor are enclosed as Annexure A. 2. Declared an Interim Dividend of Rs. 20/- per equity share of face value of Rs. 2/- each for the financial year 2026-27. Pursuant to Regulation 42 of the SEBI Listing Regulations, 2015, the Company has fixed Tuesday, October 27, 2026, as the “Record Date” for the purpose of determining the Members eligible to receive interim dividend.
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Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA CIN : L72900MH2012PLC232169\ Tel: +91 22 6892 5257 Fax: +91 2267525893 L&T Technology Services is a subsidiary of Larsen & Toubro Limited L&T Technology Services Limited A.M. Naik Tower,6th Floor, L&T Campus, Gate No.3, Jogeshwari-Vikhroli Link Road, Powai, Mumbai-400072. www.ltts.com Tax Deductible at Source on Dividend In compliance with the Income Tax Act, 2025 (earlier Income Tax Act, 1961) read with the provisions of the Finance Act, 2020, dividend income is taxable in the hands of shareholders w.e.f. April 1, 2020, and the Company is required to deduct tax at source from the dividend paid to shareholders at the prescribed rates. Members are requested to submit all requisite documents on or before Tuesday, October 27, 2026, to enable the Company to determine the appropriate TDS rates, as applicable. The meeting of the Board of Directors commenced at 1:30 p.m. (IST) and concluded at 3:35 p.m. (IST). Kindly take the above information on record. Thanking You, Yours sincerely, For L&T Technology Services Limited Prasad Shanbhag Company Secretary & Compliance Officer (M. No. A 30254) Encl.: As above
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Page 1of 2 HO602, Floor 6, Raheja TitaniumWestern Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E) Mumbai 400063, INDIATel: +91 22 6974 0200consolidated unaudited financial results of L&T Technology Services Limited for the quarter and year to date pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amendedTo the Board of Directors of L&T Technology Services Limited1. We have reviewed the accompanying statement of consolidated unaudited financial results of L&T Technology Services Limited (hereinafter referred to as Holding Company, its subsidiaries (the Holding Company and its subsidiaries together referred to as the Group) for the quarter ended September 30, 2026 and the year to date results for the period from April 1, 2026 to September 30, 2026) attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (Regulations).2. This Statement, which is tin accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34prescribed under Section 133 of the Companies Act, 2013read with relevant rules issued thereunderand other recognised accounting principles generally accepted in India and is in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review.3. We conducted our review of the Statement in accordance with the Standard on Review Engagements(SRE) 2410,Review of Interim Financial Information Performed by the Independent Auditor of the Entityissued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33 (8) of the Regulations, to the extent applicable.4. This Statement includes the results of the Holding Company and the following entities:Sr. No Name of the Entity Relationship with the Holding Company1 Wholly owned subsidiary2 L&T Technology Services (Canada) Limited Wholly owned subsidiary of LTTS LLC3 Intelliswift Software Inc Wholly owned subsidiary of LTTS LLC4 Intelliswift Software (Costa Rica) LimitadaWholly owned subsidiary of Intelliswift Software Inc5 Global Infotech CorporationWholly owned subsidiary of Intelliswift Software Inc6 Intelliswift Software (Hungary) KftWholly owned subsidiary of Intelliswift Software Inc7 Intelliswift Software (Canada) IncWholly owned subsidiary of Intelliswift Software Inc
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Page 2of 2 Sr. NoName of the EntityRelationship with the Holding Company8 P. Murphy & Associates IncWholly owned subsidiary of Intelliswift Software Inc9 L&T Thales Technology Services Private Limited Subsidiary10 L&T Technology Services Pte. Ltd. Wholly owned subsidiary11 Graphene Solutions SDN. BHD. Wholly owned subsidiary12Graphene Solutions Taiwan LimitedWholly owned subsidiary13L&T Technology Services (Shanghai) Co. LimitedWholly owned subsidiary14 L&T Technology Services Poland sp. Z o.o. Wholly owned subsidiary15 Intelliswift Software (India) Private Limited Wholly owned subsidiary5. Based on our review conducted and procedures performed as stated in paragraph 3 above,nothing has come to our attention that causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement.6. The Statement includes the interim financial information of six subsidiaries which have not been reviewed by their auditors, whose interim financial information reflects total assets of Rs. 999 million as at September 30, 2026 and total revenue of Rs. 113 million and Rs. 271 million, total net profit after tax of Rs. 19 million and Rs. 34 million and total comprehensive income of Rs. 20 million and Rs. 36million for the quarter ended September 30, 2026 and for the period from April 1, 2026 to September 30, 2026, respectively, and cash inflow of Rs. 7 million for the period from April 1, 2026 to September 30, 2026, as considered in the Statement. These interim financial information have been furnished to us by the Management and our conclusion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries is based solely on such management prepared unaudited interim financial information. According to the information and explanations given to us by the Management, these interim financial information are not material to the Group. Our conclusion is not modified in respect of the above matter with respect to our reliance on the financial information certified by the management. For M S K A & Associates LLP (Formerly known as M S K A & Associates)Chartered AccountantsICAI Firm Registration No.105047W/ W101187Nitin TiwariPartner Membership No.: 118894UDIN: 26118894UBKKBG9837Place: MumbaiDate: October 19, 2026
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AASSETS1Non-current assets (a) Property, plant and equipment 3,688 3,575 (b) Right-of-use assets 4,817 5,011 (c) Capital work-in-progress 52 117 (d) Goodwill 12,105 12,029 (e) Other Intangible assets 1,553 1,888 (f) Financial assets (i) Investments 5,853 4,679 (ii) Other financial assets 1,162 930 (g) Deferred tax assets (net) 639 907 (h) Other non-current assets 1,602 2,089 Total non-current assets 31,471 31,225 2Current assets (a) Inventories 96 58 (b) Financial assets (i) Investments 21,494 14,286 (ii) Trade receivables 21,052 20,146 (iii) Cash and cash equivalents 14,394 16,497 (iv) Other bank balances 7 8 (v) Other financial assets 4,766 2,892 (c) Other current assets 10,427 9,906 Total current assets 72,236 63,793 3Assets classified as held for sale (Refer Note 4) - 9,871 TOTAL ASSETS 103,707 104,889 BEQUITY AND LIABILITIES1Equity (a) Equity share capital 212 212 (b) Other equity 70,598 64,515 Equity attributable to equity shareholders of the Company 70,810 64,727 Non-controlling interest 206 195 Total equity 71,016 64,922 2Non-current liabilities (a) Financial liabilities (i) Lease liabilities 3,724 4,092 (ii) Other financial liabilities 2,306 3,301 (b) Deferred tax liabilities (net) 1 1 (c) Provisions 228 217 Total non-current liabilities 6,259 7,611 3Current liabilities (a) Financial liabilities (i) Trade payables Due to micro enterprises and small enterprises 183 232 Due to others 8,619 9,136 (ii) Lease liabilities 1,860 1,693 (iii) Other financial liabilities 6,053 5,929 (b) Other current liabilities 5,577 5,194 (c) Provisions 2,803 2,451 (d) Current tax liabilities (net) 1,337 1,080 Total current liabilities 26,432 25,715 4Liabilities directly associated with the assets classified as held for sale(Refer Note 4) - 6,641 TOTAL EQUITY AND LIABILITIES 103,707 104,889 L&T Technology Services LimitedRegistered Office: L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001CIN : L72900MH2012PLC232169Sr. No.Particulars As at March 31, 2026(Audited) Consolidated Unaudited Statement of Assets and Liabilities as at September 30, 2026 As at September 30, 2026(Unaudited)
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Year endedSept 30, 2026 (Unaudited)June 30, 2026(Unaudited)Sept 30, 2025(Unaudited)Sept 30, 2026 (Unaudited)Sept 30, 2025(Unaudited)Mar 31, 2026 (Audited)1 Incomea) Revenue from operations 30,404 29,401 27,133 59,805 53,509 109,959 b) Other income (net) 309 291 657 600 1,326 2,212 Total income 30,713 29,692 27,790 60,405 54,835 112,171 2 Expensesa) Employee benefits expense 17,521 17,131 15,852 34,652 31,514 64,574 b) Other expenses 7,025 6,787 6,537 13,812 12,843 26,035 c) Depreciation and amortisation expenses 893 870 920 1,763 1,726 3,452 d) Finance costs139 144 157 283 323 641 Total expenses25,578 24,932 23,466 50,510 46,406 94,702 3 Profit before exceptional items and tax from continuing operations5,135 4,760 4,324 9,895 8,429 17,469 4Exceptional item (Refer Note 3)- - - - - 724 5Profit before tax from continuing operations 5,135 4,760 4,324 9,895 8,429 16,745 6Tax expense :a) Current Tax1,427 1,226 1,007 2,653 2,070 4,374 b) Deferred Tax(93) 11 140 (82) 182 71 Total Tax expense1,334 1,237 1,147 2,571 2,252 4,445 7Net Profit from continuing operations3,801 3,523 3,177 7,324 6,177 12,300 8Discontinued operations (Refer Note 4)Profit before tax from discontinued operations1,974 65 157 2,039 376 696 Tax expense of discontinued operations288 17 42 305 100 185 Profit from discontinued operations1,686 48 115 1,734 276 511 9Net Profit for the year5,487 3,571 3,292 9,058 6,453 12,811 10Other comprehensive income (net of tax)AItems that will not be reclassified to the statement of profit and loss (net of tax)(8) 45 65 37 144 98 BItems that will be reclassified subsequently to the statement of profit or loss (net of tax)(24) 1,025 (1,089) 1,001 (1,556) (3,193) Total other comprehensive income (net of tax)(32) 1,070 (1,024) 1,038 (1,412) (3,095) 11Total comprehensive income (9+10)5,455 4,641 2,268 10,096 5,041 9,716 12Net profit attributable to :Equity shareholders of the Company5,482 3,566 3,287 9,047 6,444 12,792 Non-controlling interest5 5 5 11 9 19 13Total comprehensive income attributable to :Equity shareholders of the Company5,450 4,636 2,263 10,085 5,032 9,697 Non-controlling interest5 5 5 11 9 19 14212 212 212 212 212 212 15Other equity64,515 16Earnings per equity share (Not annualised except for the year ended March 31, 2026)For Continuing Operations35.78 33.17 29.93 68.95 58.22 115.89 35.74 33.14 29.88 68.87 58.14 115.72 For Discontinued Operations15.89 0.45 1.09 16.35 2.60 4.82 15.87 0.45 1.09 16.33 2.60 4.82 For Continuing and Discontinued Operations51.67 33.62 31.02 85.30 60.82 120.71 51.61 33.59 30.97 85.20 60.74 120.53 Year endedSept 30, 2026 (Unaudited)June 30, 2026(Unaudited)Sept 30, 2025(Unaudited)Sept 30, 2026 (Unaudited)Sept 30, 2025(Unaudited)Mar 31, 2026 (Audited)1 Segment revenueMobility 9,819 9,488 8,651 19,307 17,130 35,077 Sustainability 11,566 10,904 9,409 22,470 18,228 38,284 Tech 9,019 9,009 9,073 18,028 18,151 36,598 Revenue from operations 30,404 29,401 27,133 59,805 53,509 109,959 2 Segment resultsMobility 1,664 1,481 1,284 3,145 2,578 5,349 Sustainability 3,415 3,178 2,642 6,593 5,057 10,830 Tech 1,078 1,036 893 2,114 1,697 3,821 Total results 6,157 5,695 4,820 11,852 9,332 20,000 Less - Unallocable expenses (net) 299 212 76 511 180 650 Less - Exceptional item (Refer Note 3) - - - - - 724 Add - Other income 309 291 657 600 1,326 2,212 Less - Finance costs 139 144 157 283 323 641 Less - Depreciation and amortisation expenses 893 870 920 1,763 1,726 3,452 Profit before tax from continuing operations 5,135 4,760 4,324 9,895 8,429 16,745 Assets and liabilities used in the Group's business are not identified to any of the reportable segment as these are used interchangeably.Unallocable expenses includes majorly corporate expenses not allocated to segments.Exceptional items is on account of impact of Labour Codes and restructuring initiative and are not allocated to segments for the year ended March 31, 2026. L&T Technology Services LimitedRegistered Office: L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001CIN : L72900MH2012PLC232169Particulars Consolidated Unaudited Segment-wise Information for the quarter and six months ended September 30, 2026 Six months endedSr. No.Consolidated Unaudited Statement of Financial Results for the quarter and six months ended September 30, 2026 ParticularsSr. No. Quarter ended Quarter ended Six months ended
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A Cash flow from operating activitiesProfit before tax from continuing operations 9,895 8,430 Profit before tax from discontinued operations 2,039 375 Profit before tax including discontinued operations 11,934 8,805 Adjustments for:Depreciation and amortisation expenses # 1,762 1,737 Interest income (732) (462) Finance Cost # 283 323 (Profit)/Loss on sale of Property, plant and equipment (net) # -* 36 Gain on de-recognition of ROU (net) - (53) Employee stock option forming part of staff expenses 240 87 Bad debts written off, allowances for bad and doubtful debts and ECL # 285 108 Investment income (514) (418) Unrealised foreign exchange loss/(gain) (net) 218 (770) Gain on transfer of discontinued operations (1,925) - Operating profit before working capital changes 11,551 9,393 Changes in working capital(Increase)/decrease in inventories, trade and other receivables (1,700) (3,571) Increase/(decrease) in trade and other payables (1,979) 537 (Increase)/decrease in working capital (3,679) (3,034) Cash generated from operations7,872 6,359 Direct taxes paid (2,284) (1,551) Net cash (used in)/from operating activities 5,588 4,808 B Cash flow from investing activitiesPurchase of property, plant and equipment and intangibles (673) (663) Sale of property, plant and equipment and intangibles 23 20 (Purchase)/ sales of current investments (net) (7,301) 1,224 (Purchase)/ sales of non-current investments (net) (356) (649) Deposits placed/loans given (net) 50 (996) Consideration paid on acquisition of Subsidiaries - (1,410) Proceeds from transfer of discontinued operations 4,932 - Income received from investments 101 128 Interest income 752 319 Net cash (used in)/from investing activities (2,472) (2,027) C Cash flow from financing activitiesEquity share capital issued -* -*Interest paid (84) (63) Interest paid on Lease Liability (199) (260) Principal repayment on Lease Liability (824) (675) Dividend paid (4,235) (4,020) Net cash (used in) / from financing activities (5,342) (5,018) Net (decrease) / increase in cash and cash equivalents(2,226) (2,237) Cash and cash equivalents at beginning of the period 16,497 13,822 Cash and cash equivalents at end of the period 14,271 11,585 Add : Unrealised exchange (gain)/loss on cash and cash equivalents (net) 123 407 Cash and cash equivalents as per balance sheet 14,394 11,992 Notes:12 L&T Technology Services Limited Statement of cash flows has been prepared under the indirect method as set out in the Ind AS 7 "Statement of Cash Flows" as specifiedinthe Companies (Indian Accounting Standards) Rules, 2015.Purchase of property, plant and equipment and intangibles represents additions to property, plant and equipment and otherintangibleassets adjusted for movement of capital work-in-progress for property, plant and equipment. Sr. No.ParticularsConsolidated Unaudited Statement of Cash Flows for the six month ended September 30, 2026CIN : L72900MH2012PLC232169Registered Office: L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001Period ended September 30, 2026(Unaudited) September 30, 2025(Unaudited)
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123456789 For and on behalf of the Board of Directorsof L&T Technology Services LimitedMumbai, IndiaAmit ChadhaOctober 19, 2026Chief Executive Officer and Managing Director Explanatory notes to the Consolidated Unaudited Statement of Financial Results for the quarter and six months ended September 30, 2026The consolidated unaudited statement of financial results for the quarter and six months ended September 30, 2026 have been reviewed by Audit Committee and approved byBoard of Directors at its meeting held on October 19, 2026. The Statutory Auditors of the Company have carried out limited review on the above results in terms of Regulation 33 ofthe SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ('the Regulation'), as amended and expressed an unmodified conclusion.The consolidated unaudited statement of financial results of the Company and its subsidiaries ("the Group") have been prepared in accordance with the recognition andmeasurement principles laid down in the Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013 read with the relevant rules issuedthereunder and the other accounting principles generally accepted in India.impact of New Labour Codes.The Company had entered into a Business Transfer Agreement ("BTA") on March 25, 2026 to transfer Smart World and Communication ("SWC") Business unit of the Company, formingpart of the Tech segment by way of a sale on a going concern basis to AMI Paradigm Solutions Private Limited. Accordingly, the related assets and liabilities of the said businesswere classified as "Held for Sale" for the year ended March 31, 2026. The profit from the said business are shown underfrom Discontinuedand the comparativefinancial results including segment information have been restated accordingly.On September 1, 2026, the Company has concluded the sale and transferred SWC Business unit in terms of the BTA and recognized a gain of1650 Million (net of tax) for thequarter and six months ended September 30, 2026, under discontinued operations.During the quarter and six months ended September 30, 2026 the Company has allotted 17,675 and 88,125 equity shares of Rs. 2 each fully paid-up respectively on exercise of stock options by employees in accordance with the Company's stock option scheme.Segments have been identified in accordance with Indian Accounting Standards ("Ind AS") 108 on Operating Segments, considering the risk/return profiles of the business, theirorganisational structure and internal reporting systems.The Segment composition:Mobility segment encompasses Automotive, Trucks and Off-highway Vehicles, Aerospace and RailSustainability segment encompasses Process Industry and Industrial ProductsTech segment encompasses Medical Technology, Software and Platforms and Media and TechThe Board of Directors at its meeting held on October 19, 2026, have declared an interim dividend of Rs. per equity share.Figures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods, if any.The standalone and consolidated unaudited statement of financial results are available on the website of the Company (www.ltts.com) and on the websites of BSE (www.bseindia.com) and NSE (www.nseindia.com).
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HO602, Floor 6, Raheja TitaniumWestern Express Highway, Geetanjali Railway Colony, Ram Nagar, Goregaon (E) Mumbai 400063, INDIATel: +91 22 6974 0200standalone unaudited financial results of L&T Technology Services Limited for the quarter and year to date pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.To the Board of Directors of L&T Technology Services Limited1. We have reviewed the accompanying statement of standalone unaudited financial results of L&T Technology Services Limited (hereinafter referred to as for the quarter ended September 30, 2026 and the year to-date results for the period from April 1, 2026 to September 30, 2026attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (Regulations).2. This Statement, which is the responsibility of and has been approved prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34 , prescribed under Section 133 of the Companies Act, 2013read with relevant rules issued thereunderand other recognised accounting principles generally accepted in India and is in compliance with the Regulations. Our responsibility is to express a conclusion on the Statement based on our review.3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410,Review of Interim Financial Information Performed by the Independent Auditor of the Entityissued by the Institute of Chartered Accountants of India. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Act and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attentionthat causes us to believe that the accompanying Statement prepared in accordance with the recognition and measurement principles laid down in Ind AS 34 and other recognised accounting principles generally accepted in India has not disclosed the information required to be disclosed in terms of the Regulations, including the manner in which it is to be disclosed, or that it contains any material misstatement. For M S K A & Associates LLP(Formerly known as M S K A & Associates)Chartered AccountantsICAI Firm Registration No.105047W/ W101187Nitin TiwariPartner Membership No.: 118894UDIN: 26118894BFHXKS7202Place: MumbaiDate: October 19, 2026
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AASSETS1Non-current assets (a) Property, plant and equipment 3,617 3,492 (b) Right-of-use assets 4,587 4,716 (c) Capital work-in-progress 52 117 (d) Goodwill 4,277 4,277 (e) Other Intangible assets 73 99 (f) Financial assets (i) Investments 16,088 14,914 (ii) Other financial assets 1,119 887 (g) Deferred tax assets (net) 362 620 (h) Other non-current assets 1,571 2,056 Total non-current assets 31,746 31,178 2Current assets (a) Inventories 96 58 (b) Financial assets (i) Investments 20,471 13,543 (ii) Trade receivables 18,850 17,106 (iii) Cash and cash equivalents 9,341 13,204 (iv) Other bank balances 7 7 (v) Other financial assets 4,188 2,485 (c) Other current assets 9,875 9,473 Total current assets 62,828 55,876 3Assets classified as held for sale (Refer Note 4)- 9,871 TOTAL ASSETS 94,574 96,925 BEQUITY AND LIABILITIES1Equity (a) Equity share capital 212 212 (b) Other equity 64,453 59,059 Total equity 64,665 59,271 2Non-current liabilities (a) Financial liabilities (i) Lease liabilities 3,588 3,883 (ii) Other financial liabilities 2,300 3,295 (b) Provisions 152 147 Total non-current liabilities 6,040 7,325 3Current liabilities (a) Financial liabilities (i) Trade payables Due to micro enterprises and small enterprises 175 224 Due to others 7,612 8,513 (ii) Lease liabilities 1,702 1,528 (iii) Other financial liabilities 5,504 5,463 (b) Other current liabilities 5,279 4,744 (c) Provisions 2,498 2,273 (d) Current tax liabilities (net) 1,099 943 Total current liabilities 23,869 23,688 4Liabilities directly associated with the assets classified as held for sale(Refer Note 4) - 6,641 TOTAL EQUITY AND LIABILITIES 94,574 96,925 L&T Technology Services LimitedRegistered Office: L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001CIN : L72900MH2012PLC232169Standalone Unaudited Statement of Assets and Liabilities as at September 30, 2026Sr. No.Particulars As at September 30, 2026(Unaudited) As at March 31, 2026(Audited)
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Year endedSept 30, 2026 (Unaudited)June 30, 2026(Unaudited)Sept 30, 2025(Unaudited)Sept 30, 2026 (Unaudited)Sept 30, 2025(Unaudited)Mar 31, 2026 (Audited)1Incomea) Revenue from operations25,872 24,690 22,699 50,562 44,653 92,071 b) Other income (net)260 270 641 530 1,317 2,152 Total income26,132 24,960 23,340 51,092 45,970 94,223 2Expensesa) Employee benefits expense14,276 13,753 12,651 28,029 25,111 51,660 b) Other expenses6,385 5,976 5,800 12,361 11,211 22,843 c) Depreciation and amortisation expenses690 667 716 1,357 1,323 2,661 d) Finance costs121 127 145 248 302 596 Total expenses21,472 20,523 19,312 41,995 37,947 77,760 3Profit before exceptional items and tax from continuing operations4,660 4,437 4,028 9,097 8,023 16,463 4Exceptional item (Refer Note 3)- - - - - 724 5Profit before tax from continuing operations 4,660 4,437 4,028 9,097 8,023 15,739 6Tax expense :a) Current Tax1,269 1,142 914 2,411 1,952 4,024 b) Deferred Tax(75) 14 158 (61) 197 164 Total Tax expense1,194 1,156 1,072 2,350 2,149 4,188 7Net Profit from continuing operations3,466 3,281 2,956 6,747 5,874 11,551 8Discontinued operations (Refer Note 4)Profit before tax from discontinued operations1,974 65 157 2,039 376 696 Tax expense of discontinued operations289 17 42 306 100 185 Profit from discontinued operations1,685 48 115 1,733 276 511 9Net Profit for the year5,151 3,329 3,071 8,480 6,150 12,062 10Other comprehensive income (net of tax)AItems that will not be reclassified to the statement of profit and loss (net of tax)(8) 45 65 37 144 65 BItems that will be reclassified subsequently to the statement of profit or loss (net of tax)(197) 1,076 (1,510) 879 (2,023) (4,569) Total other comprehensive income (net of tax)(205) 1,121 (1,445) 916 (1,879) (4,504) 11Total comprehensive income (9+10)4,946 4,450 1,626 9,396 4,271 7,558 12212 212 212 212 212 212 13Other equity59,059 14Earnings per equity share (Not annualised except for the year ended March 31, 2026)For Continuing Operations32.68 30.94 27.89 63.61 55.45 109.01 32.64 30.91 27.85 63.54 55.37 108.85 For Discontinued Operations15.89 0.45 1.09 16.35 2.60 4.82 15.87 0.45 1.09 16.33 2.60 4.82 For Continuing and Discontinued Operations48.57 31.39 28.98 79.96 58.05 113.83 48.51 31.36 28.94 79.87 57.97 113.66 Year endedSept 30, 2026 (Unaudited)June 30, 2026(Unaudited)Sept 30, 2025(Unaudited)Sept 30, 2026 (Unaudited)Sept 30, 2025(Unaudited)Mar 31, 2026 (Audited)1Segment revenueMobility 8,506 8,300 7,640 16,806 15,190 31,126 Sustainability 11,493 10,825 9,396 22,319 18,209 38,214 Tech 5,873 5,565 5,663 11,437 11,254 22,731 Revenue from operations 25,872 24,690 22,699 50,562 44,653 92,071 2Segment resultsMobility 1,360 1,291 1,178 2,651 2,386 4,684 Sustainability 3,409 3,154 2,611 6,563 5,041 10,771 Tech 717 677 513 1,393 1,055 2,537 Total results 5,486 5,122 4,303 10,607 8,482 17,992 Less - Unallocable expenses (net) 275 161 55 435 151 424 Less - Exceptional item (Refer Note 3) - - - - - 724 Add - Other income 260 270 641 530 1,317 2,152 Less - Finance costs 121 127 145 248 302 596 Less - Depreciation and amortisation expenses 690 667 716 1,357 1,323 2,661 Profit before tax from continuing operations 4,660 4,437 4,028 9,097 8,023 15,739 Assets and liabilities used in the Company's business are not identified to any of the reportable segment as these are used interchangeably.Unallocable expenses includes majorly corporate expenses not allocated to segments.Exceptional items is on account of impact of New Labour Codes and restructuring initiative and are not allocated to segments for the year ended March 31, 2026.Quarter ended L&T Technology Services Limited Standalone Unaudited Segment-wise Information for the quarter and six months ended September 30, 2026 Registered Office: L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001 Sr. No.Particulars Sr. No.ParticularsStandalone Unaudited Statement of Financial Results for the quarter and six months ended September 30, 2026CIN : L72900MH2012PLC232169Quarter endedSix months ended Six months ended
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A Cash flow from operating activitiesProfit before tax from continuing operations 9,097 8,023 Profit before tax from discontinued operations 2,039 376 Profit before tax including discontinued operations 11,136 8,399 Adjustments for:Depreciation and amortisation # 1,357 1,334 Interest income (703) (454) Finance cost # 248 303 (Profit)/ loss on sale of Property, plant and equipment (net) # -* 36 Gain on de-recognition of ROU (net) - (53) Employee stock option forming part of staff expenses 240 87 Bad debts written off, allowances for bad and doubtful debts and ECL # 196 64 Investment income (483) (405) Unrealised foreign exchange loss/(gain) (net) 218 (762) Gain on transfer of discontinued operations (1,925) - Operating profit before working capital changes 10,284 8,549 Changes in working capital(Increase)/decrease in inventories, trade and other receivables (2,240) (3,858) Increase/(decrease) in trade and other payables (2,438) 914 (Increase)/decrease in working capital (4,678) (2,944) Cash generated from operations5,606 5,605 Direct taxes paid (2,143) (1,410) Net cash (used in)/from operating activities 3,463 4,195 B Cash flow from investing activitiesPurchase of property, plant and equipment and intangibles (669) (665) Sale of property, plant and equipment and intangibles 23 19 (Purchase)/ sale of current investments (net) (7,058) 1,117 (Purchase)/ sale of non-current investments (net) (334) (648) Deposits placed/loans given (net) 50 (1,000) Investment in subsidiaries - (649) Proceeds from transfer of discontinued operations 4,932 - Income received from investments 99 128 Interest income 731 311 Net cash (used in)/from investing activities (2,226) (1,387) C Cash flow from financing activitiesEquity share capital issued -* -*Interest paid (57) (56) Interest paid on Lease Liability (191) (247) Principal repayment on Lease Liability (740) (624) Dividend paid (4,235) (4,019) Net cash (used in) / from financing activities (5,223) (4,946) Net (decrease) / increase in cash and cash equivalents (3,986) (2,138) Cash and cash equivalents at beginning of the period 13,204 10,856 Cash and cash equivalents at end of the period 9,218 8,718 Add : Unrealised exchange (gain)/loss on cash and cash equivalents (net) 123 407 Cash and cash equivalents as per balance sheet 9,341 9,125 Notes:12 L&T Technology Services LimitedRegistered Office: L&T House, N.M. Marg, Ballard Estate, Mumbai 400 001CIN : L72900MH2012PLC232169Standalone Unaudited Statement of Cash Flows for the six months ended September 30, 2026Sr. No.Particulars Period ended September 30, 2026(Unaudited) September 30, 2025(Unaudited) Statement of cash flows has been prepared under the indirect method as set out in the Ind AS 7 "Statement of Cash Flows" as specified in the Companies (Indian Accounting Standards) Rules, 2015.Purchase of property, plant and equipment and intangibles represents additions to property, plant and equipment and other intangible assets adjusted for movement of capital work-in-progress for property, plant and equipment.
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12345678 For and on behalf of the Board of Directorsof L&T Technology Services LimitedMumbai, IndiaAmit ChadhaOctober 19, 2026Chief Executive Officer and Managing Director Explanatory notes to the Standalone Unaudited Statement of Financial Results for the quarter and six months ended September 30, 2026The standalone unaudited financial results for the quarter and six months ended September 30, 2026 have been reviewed by Audit Committee andapproved by Board of Directors at its meeting held on October 19, 2026. The Statutory Auditors of the Company have carried out limited review onthe above results in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 ('the Regulation'), asamended and expressed an unmodified opinion.The standalone unaudited statement of financial results of the Company have been prepared in accordance with the recognition and measurementprinciples laid down in the Indian Accounting Standards (Ind AS) as prescribed under section 133 of the Companies Act, 2013 read with the relevantrules Issued thereunder and the other accounting principles generally accepted in India.The standalone financial results for the year ended March 31, 2026 included the impact of exceptional items amounting to724 Million, pertaining torestructuring costs and impact of New Labour Codes.The Company had entered into a Business Transfer Agreement ("BTA") on March 25, 2026 to transfer Smart World and Communication ("SWC") Businessunit of the Company, forming part of the Tech segment by way of a sale on a going concern basis to AMI Paradigm Solutions Private Limited.Accordingly, the related assets and liabilities of the said business were classified as "Held for Sale" for the year ended March 31, 2026. The profitfrom the said business are shown underfrom Discontinuedand the comparative financial results including segment informationhave been restated accordingly.On September 1, 2026, the Company has concluded the sale and transferred SWC Business unit in terms of the BTA and recognized a gain of1650Million (net of tax) for the quarter and six months ended September 30, 2026, under discontinued operations.During the quarter and six months ended September 30, 2026 the Company has allotted 17,675 and 88,125 equity shares of Rs. 2 each fully paid-uprespectively on exercise of stock options by employees in accordance with the Company's stock option scheme.Segments have been identified in accordance with Indian Accounting Standards ("Ind AS") 108 on Operating Segments, considering the risk/returnprofiles of the business, their organisational structure and internal reporting systems.The Segment composition:Mobility segment encompasses Automotive, Trucks and Off-highway Vehicles, Aerospace and RailSustainability segment encompasses Process Industry and Industrial ProductsTech segment encompasses Medical Technology, Software and Platforms and Media and TechThe Board of Directors at its meeting held on October 19, 2026, have declared an interim dividenFigures for the previous periods have been regrouped/reclassified to conform to the classification of the current periods, if any.