LTTS Q1 profit up marginally to Rs 316 crore

Mid-tier engineering and technology services company L&T Technology Services (LTTS) reported a marginal rise of 0.7% year-on-year (YoY) in net profit at Rs 315.7 crore in the first quarter of FY26 supported by a favourable tax return despite an increase in employee and other expenses.

The Mumbai-based Larsen & Toubro (L&T) subsidiary’s net profit rose 1.5% from Rs 311.1 crore in March quarter. Helped by a 1.5% growth in North America and two key verticals of sustainability and tech, its revenue jumped 16.4% to Rs 2,866 crore in the April to June quarter. Sequentially, revenue dropped 3.9% from March quarter pulled down by an 16.4% dip in India region and continued slowdown in mobility and tech segments due to seasonal weakness.