L&T Technology Services (LTTS) is targeting $2 billion topline in the medium term, leveraging growth in the global ER&D market, projected to reach $3.8–4.3 trillion by 2031. The company ended Q4FY25 with $1.4B annualized revenue, serving 57 of the top 100 global R&D spenders and maintaining 90%+ repeat business. Over the past four years, revenue grew at 14% CAGR and PAT at 18% CAGR, with free cash flow at a record 109% of net income in FY25. Growth drivers include Mobility, Sustainability, and Tech segments, large deal momentum ($200M+ TCV for three consecutive quarters), and expansion in AI/GenAI solutions with 206 AI patents. LTTS aims to lift EBIT margins to 16.5% by FY27/28 through offshore delivery and operational efficiencies. Disclaimer: This content is for informational purposes only and is not investment advice.

LTTS

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