Net profit came in at ₹332.1 crore, below the CNBC-TV18 poll estimate of ₹359.5 crore, while revenue stood at ₹2,857.9 crore against expectations of ₹3,011 crore. In dollar terms, revenue was reported at $306 million, missing estimates of $328 million, with constant currency revenue declining 1.1% during the quarter.
On the operational front, EBIT rose 5.5% sequentially to ₹434.9 crore, while margins improved to 15.2% from 14.8% in the previous quarter, coming in slightly above expectations.
Sequentially, the company saw modest growth, with profit rising 9.75% and revenue up 2.5% quarter-on-quarter, indicating some resilience despite demand softness.
The board recommended a final dividend of ₹40 per share for FY26. The company also announced the appointment of Rajeev Gupta as Chief Financial Officer, effective April 22, 2026, for a term of three years.
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Attrition remained largely stable, with voluntary attrition at 14.7% compared to 14.8% in the previous quarter.
Shares of L&T Technology Services ended at ₹3,548 on the NSE, down 2.59%, ahead of the earnings announcement, reflecting cautious sentiment around the print.
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