BSE IT Technology Sector Regulatory Filings — July 14, 2026

14-07-2026

L&T Technology Services reported consolidated revenue from operations of ₹29,401 million for Q1 FY26 (June 2026), up 11.5% YoY from ₹26,375 million in Q1 FY25. Consolidated net profit (PAT) rose 13.0% YoY to ₹3,571 million from ₹3,161 million. However, the Tech segment revenue was nearly flat YoY at ₹9,009 million (up only 0.1% from ₹9,078 million), and the segment's profit declined 9.4% YoY, indicating mixed performance across segments.

• · Consolidated revenue from operations for Q1 FY26 was ₹29,401 million, compared to ₹28,579 million in Q4 FY26 (sequential growth of 2.9%).
• · Consolidated PAT for Q1 FY26 was ₹3,571 million, compared to ₹3,327 million in Q4 FY26 (sequential growth of 7.3%).
• · Standalone revenue from operations for Q1 FY26 was ₹24,690 million, up 12.5% YoY from ₹21,955 million.
• · Standalone PAT for Q1 FY26 was ₹3,329 million, up 8.2% YoY from ₹3,078 million.
• · The Company transferred its Smart World and Communication (SWC) business unit (part of Tech segment) to AMI Paradigm Solutions Private Limited via a Business Transfer Agreement dated March 25, 2026; profit from this business is shown under 'Discontinued Operations'.
• · Exceptional items of ₹370 million (Q4 FY26) and ₹724 million (FY26) were recorded for restructuring costs and impact of New Labour Codes.
• · Six subsidiaries' interim financial information (total revenue ₹159 million, net profit ₹15 million, comprehensive income ₹16 million for Q1 FY26) was not reviewed by their auditors but was relied upon by the statutory auditors as management-prepared and not material to the Group.
• · Auditors expressed an unmodified conclusion on both standalone and consolidated financial results.

14-07-2026

L&T Technology Services reported Q1FY27 revenue of INR 2,940 crore, up 11.5% YoY, and net profit of INR 352 crore, up 17.4% YoY. EBIT margin improved 200 bps YoY to 15.7%, driven by operational efficiencies and large deal wins. However, USD revenue growth was modest at 1.9% YoY in constant currency, and the Tech segment declined 10.6% YoY, while the Sustainability segment grew 11.3% YoY.

• · Large deal wins: one USD 30+ Mn, one USD 20+ Mn, and four deals above USD 10 Mn.
• · Free Cash Flow for Q1FY27 was INR 5,396 million, representing 153% of Net Income.
• · Cash and cash equivalents decreased from INR 16,505 million (Mar 31, 2026) to INR 14,858 million (Jun 30, 2026).
• · Accounts Receivable decreased from INR 23,764 million to INR 19,922 million sequentially.
• · Voluntary attrition remained flat at 14.7% (LTM).
• · Onsite revenue mix declined to 46.1% from 47.6% a year ago; offshore increased to 53.9%.
• · Fixed price projects increased to 35.1% of revenue from 32.4% a year ago.
• · Top 5 client concentration was 16.0%, top 10 at 26.8%, top 20 at 40.7%.
• · LTTS recognized as 'Leader' in ISG Provider Lens Digital Engineering Services 2026 (North America).
• · Partnership with Anthropic to leverage Claude for AI-powered Engineering Intelligence.

14-07-2026

L&T Technology Services reported Q1 FY27 consolidated revenue of INR 29,401 million (₹29,401 million / INR 2,940 crore), up 11.5% YoY and 2.9% QoQ, and net income from continuing operations of INR 3,518 million (₹3,518 million / INR 352 crore) up 17.4% YoY but only 1.5% QoQ. EBIT margin improved to 15.7% (up 200 bps YoY and 50 bps QoQ) and EBITDA rose 24.4% YoY to INR 5,483 million; however, USD revenue was essentially flat (USD 309.9 million, +0.4% YoY, +1.3% QoQ) and the Tech segment declined by 10.6% YoY while Sustainability grew 11.3% YoY and Mobility returned to growth.

• · EBITDA for Q1 FY27 was ₹5,483 million, up 24.4% YoY but only +5.2% QoQ.
• · USD revenue in Q1 FY27 was $309.9 million (+0.4% YoY reported; in constant currency +1.9% YoY).
• · Tech segment revenue share declined to 30.6% in Q1 FY27 (–10.6% YoY), while Sustainability rose to 37.1% (+11.3% YoY).
• · Gross margin slipped slightly QoQ to 31.7% from 32.2% in Q4 FY26 despite YoY improvement (29.2% in Q1 FY26 → 31.7% Q1 FY27).
• · Foreign exchange reported a loss in Q1 FY27 of ₹458 million versus a gain of ₹339 million in Q1 FY26 (Other income volatility impacted total other income which fell to ₹147 million).
• · Free Cash Flow to Net Income was stated at 153% for Q1 FY27 (versus 100% in FY26).

14-07-2026

L&T Technology Services reported consolidated revenue of ₹29,401 million for Q1 FY26 (June 30, 2026), up 11.5% YoY from ₹26,375 million, and net profit of ₹3,571 million, up 13.0% YoY from ₹3,161 million. However, sequential revenue growth was modest at 2.9% from ₹28,579 million in Q4 FY26, and the Tech segment revenue remained nearly flat at ₹9,009 million (down 1.0% QoQ). The Board also noted the completion of Mr. Narayanan Kumar's term as Independent Director and approved the re-appointment of Mr. Luis Miranda for a second term.

• · The Board approved the re-classification of Nabha Power Limited from 'Promoter Group' to 'Public' category, subject to regulatory approvals.
• · Mr. Narayanan Kumar ceased as Independent Director effective July 14, 2026, after completing his second five-year term.
• · Mr. Luis Miranda's re-appointment as Independent Director for a second term (Oct 19, 2026 to Oct 18, 2031) is subject to shareholder approval.
• · Six subsidiaries (with total revenue of ₹159 million) were not reviewed by auditors; their financials were certified by management.
• · The company reported an exceptional item of ₹370 million in Q4 FY26 (restructuring and New Labour Codes impact), but none in Q1 FY26.
• · Earnings per share (basic, continuing operations) improved to ₹33.17 in Q1 FY26 from ₹28.29 in Q1 FY25.

14-07-2026

L&T Technology Services reported Q1 FY26 (June 2026) consolidated revenue from operations of ₹29,401 million, a 11.5% increase YoY from ₹26,375 million in Q1 FY25, while net profit from continuing operations rose 17.4% YoY to ₹3,523 million. However, the Tech segment revenue remained nearly flat YoY at ₹9,009 million (only 0.2% growth) and revenue from discontinued operations declined. The board also noted the cessation of independent director Narayanan Kumar (after five years) and approved re-appointment of Luis Miranda for a second term, plus a request from Nabha Power Limited for reclassification from promoter to public category.

• · Other income declined sharply: ₹291 million in Q1 FY26 vs ₹553 million in Q4 FY25 (sequential) and vs ₹670 million in Q1 FY25 (YoY).
• · Employee benefits expense grew 11.9% YoY to ₹17,131 million (vs ₹15,662 million), outpacing revenue growth of 11.5%.
• · Depreciation & amortization rose 7.9% YoY to ₹870 million from ₹806 million.
• · Mobility segment revenue grew 11.9% YoY; Sustainability segment revenue grew 23.7% YoY, outperforming; Tech segment revenue declined 0.8% YoY.
• · Exceptional item in Q4 FY25 was ₹370 million (impact of New Labour Codes and restructuring); no exceptional item in Q1 FY26.
• · Basic EPS from continuing operations improved to ₹33.17 from ₹28.29 YoY (17.2% increase).
• · Board approved reclassification request of Nabha Power Limited from promoter to public category, subject to exchange and regulatory approvals.

14-07-2026

TCS has been named the strategic technology and innovation partner for the New Terminal One at JFK Airport, part of the Port Authority's $19 billion transformation of JFK. TCS will provide digital infrastructure, AI-driven IT operations, and cybersecurity services to enhance guest experience and airline cost efficiencies. No financial terms of the partnership were disclosed.

• · TCS will support all technology systems at the terminal, including passenger processing systems, AI-driven IT operations, infrastructure management, enterprise application support, and cybersecurity services.
• · The partnership aims to help New Terminal One obtain a top 5-star Skytrax rating.
• · TCS sponsors 14 of the world’s most prestigious marathons and endurance events.