L&T Technology Services Income Statement

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

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Operating Revenue	109,959	96,422	96,473	88,155	65,697
Other Revenue	-	-	-	-	-320
Revenue	109,959	96,422	96,473	88,155	65,377
Revenue Growth (YoY)	14.04%	-0.05%	9.44%	34.84%	18.77%
Cost of Revenue	65,467	56,769	50,216	46,991	37,122
Gross Profit	44,492	39,653	46,257	41,164	28,255
Selling, General & Admin	830	452	401	340	238
Other Operating Expenses	24,333	21,140	26,198	23,029	14,136
Operating Expenses	28,622	24,834	29,812	25,899	16,604
Operating Income	15,870	14,819	16,445	15,265	11,651
Interest Expense	-641	-565	-509	-444	-437
Interest & Investment Income	1,073	675	816	876	492
Currency Exchange Gain (Loss)	201	245	502	676	905
Other Non Operating Income (Expenses)	874	434	72	103	148
EBT Excluding Unusual Items	17,377	15,608	17,326	16,476	12,759
Gain (Loss) on Sale of Investments	239	716	520	356	294
Gain (Loss) on Sale of Assets	-175	23	163	16	5
Other Unusual Items	-695.92	46.69	29	6	34
Pretax Income	16,745	16,394	18,038	16,860	13,092
Income Tax Expense	4,445	4,495	4,975	4,696	3,486
Earnings From Continuing Operations	12,300	11,899	13,063	12,164	9,606
Earnings From Discontinued Operations	511	736	-	-	-
Net Income to Company	12,811	12,635	13,063	12,164	9,606
Minority Interest in Earnings	-19	32	-26	-43	-36
Net Income	12,792	12,667	13,037	12,121	9,570
Net Income to Common	12,792	12,667	13,037	12,121	9,570
Net Income Growth	0.99%	-2.84%	7.56%	26.66%	44.28%
Shares Outstanding (Basic)	106	106	106	106	105
Shares Outstanding (Diluted)	106	106	106	106	105
Shares Change (YoY)	0.13%	-0.15%	0.10%	0.38%	0.03%
EPS (Basic)	120.72	119.69	123.34	114.81	90.91
EPS (Diluted)	120.54	119.45	123.00	114.48	90.74
EPS Growth	0.91%	-2.88%	7.44%	26.16%	44.26%
Free Cash Flow	12,700	13,695	12,400	11,315	8,438
Free Cash Flow Per Share	119.85	129.40	117.00	106.87	80.00
Dividend Per Share	58.000	55.000	50.000	45.000	25.000
Dividend Growth	5.46%	10.00%	11.11%	80.00%	13.64%
Gross Margin	40.46%	41.13%	47.95%	46.70%	43.22%
Operating Margin	14.43%	15.37%	17.05%	17.32%	17.82%
Profit Margin	11.63%	13.14%	13.51%	13.75%	14.64%
Free Cash Flow Margin	11.55%	14.20%	12.85%	12.83%	12.91%
EBITDA	17,597	16,267	17,814	16,533	12,876
EBITDA Margin	16.00%	16.87%	18.46%	18.75%	19.70%
D&A For EBITDA	1,727	1,448	1,369	1,268	1,225
EBIT	15,870	14,819	16,445	15,265	11,651
EBIT Margin	14.43%	15.37%	17.05%	17.32%	17.82%
Effective Tax Rate	26.55%	27.42%	27.58%	27.85%	26.63%
Revenue as Reported	112,171	98,515	98,546	90,188	67,221
Advertising Expenses	560	432	359	282	203

Source: S&P Global Market Intelligence. Standard template. Financial Sources.