L&T Technology Services

L&T Technology Services reported Q4 FY26 revenue of ₹2,858 croreCurrent reported value: ₹2,858 crore. No comparable prior figure is available in the source record. (+8.3Current reported value: 8.3. No comparable prior figure is available in the source record.% YoY) with EBIT margins expanding 40bps QoQ to 15.2%Current reported value: 15.2%. No comparable prior figure is available in the source record., driven by portfolio rationalization and operational efficiencies. The sustainability segment grew 11% YoYCurrent reported value: 11% YoY. No comparable prior figure is available in the source record., while mobility stabilized with early signs of recovery in North American automotive. Large deal wins remained robust at $182 millionCurrent $182 million. Reported change: +40% YoY. in Q4, contributing to a full-year TCV of $855 million (+40% YoY). Management guided for 13-15% CAGR over five years (Lakshya 31) with EBIT margins of 16-17%, and expects to reach mid-16% margins by Q4 FY27 or earlier. The divestiture of the SWC business and exit from $19 million of low-margin revenue have strengthened the business baseline. Key risks include potential volatility in Middle East operations and slower-than-expected recovery in European automotive.