L&T Technology Services Limited (NSE:LTTS)

L&T Technology Services Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	117,514	106,701	96,473	88,155	65,697	54,497
Other Revenue	1	1	-	-	-320	548
Revenue	117,515	106,702	96,473	88,155	65,377	55,045
Revenue Growth (YoY)	14.93%	10.60%	9.44%	34.84%	18.77%	-3.64%
Cost of Revenue	64,999	57,769	50,216	46,991	37,122	34,144
Gross Profit	52,516	48,933	46,257	41,164	28,255	20,901
Selling, General & Admin	453	453	401	340	238	175
Other Operating Expenses	32,473	29,390	26,198	23,029	14,136	9,896
Operating Expenses	36,557	33,107	29,812	25,899	16,604	12,519
Operating Income	15,959	15,826	16,445	15,265	11,651	8,382
Interest Expense	-631	-565	-509	-444	-437	-455
Interest & Investment Income	674	674	816	876	492	282
Currency Exchange Gain (Loss)	243	243	502	676	905	409
Other Non Operating Income (Expenses)	502	443	72	103	148	113
EBT Excluding Unusual Items	16,747	16,621	17,326	16,476	12,759	8,731
Gain (Loss) on Sale of Investments	716	716	520	356	294	188
Gain (Loss) on Sale of Assets	23	23	163	16	5	-3
Other Unusual Items	-307.31	46.69	29	6	34	57
Pretax Income	17,179	17,407	18,038	16,860	13,092	8,973
Income Tax Expense	4,594	4,772	4,975	4,696	3,486	2,308
Earnings From Continuing Operations	12,585	12,635	13,063	12,164	9,606	6,665
Minority Interest in Earnings	-5	32	-26	-43	-36	-32
Net Income	12,580	12,667	13,037	12,121	9,570	6,633
Net Income to Common	12,580	12,667	13,037	12,121	9,570	6,633
Net Income Growth	-2.98%	-2.84%	7.56%	26.66%	44.28%	-18.97%
Shares Outstanding (Basic)	106	106	106	106	105	105
Shares Outstanding (Diluted)	106	106	106	106	105	105
Shares Change (YoY)	0.07%	0.07%	0.10%	0.38%	0.03%	0.09%
EPS (Basic)	118.76	119.69	123.34	114.81	90.91	63.32
EPS (Diluted)	118.56	119.44	123.00	114.48	90.74	62.90
EPS Growth	-3.03%	-2.89%	7.44%	26.16%	44.26%	-19.05%
Free Cash Flow	-	13,695	12,400	11,315	8,438	12,554
Free Cash Flow Per Share	-	129.12	117.00	106.87	80.00	119.05
Dividend Per Share	56.000	55.000	50.000	45.000	25.000	22.000
Dividend Growth	12.00%	10.00%	11.11%	80.00%	13.64%	4.76%
Gross Margin	44.69%	45.86%	47.95%	46.70%	43.22%	37.97%
Operating Margin	13.58%	14.83%	17.05%	17.32%	17.82%	15.23%
Profit Margin	10.71%	11.87%	13.51%	13.75%	14.64%	12.05%
Free Cash Flow Margin	-	12.83%	12.85%	12.83%	12.91%	22.81%
EBITDA	17,467	17,274	17,814	16,533	12,876	9,650
EBITDA Margin	14.86%	16.19%	18.46%	18.75%	19.70%	17.53%
D&A For EBITDA	1,507	1,448	1,369	1,268	1,225	1,268
EBIT	15,959	15,826	16,445	15,265	11,651	8,382
EBIT Margin	13.58%	14.83%	17.05%	17.32%	17.82%	15.23%
Effective Tax Rate	26.74%	27.41%	27.58%	27.85%	26.63%	25.72%
Revenue as Reported	119,673	108,801	98,546	90,188	67,221	56,034
Advertising Expenses	-	433	359	282	203	150

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.