LTTS Q1 FY26 Profit Rises Slightly, Revenue Sees Mixed Trend

L&T Technology Services (LTTS) shares moved up on July 17 after posting Q1 FY26 results. Net profit rose slightly by 0.7% YoY to Rs 316 crore, supported by tax returns. Revenue grew 16% YoY to Rs 2,866 crore, but fell 4% QoQ. Dollar revenue dropped 2.9% QoQ to $335.3 million, but rose 13.6% YoY. EBIT margin stood at 13.3%, slightly better than last quarter but lower than last year. Investor View: Results are mixed—profit growth and strong tax gain are positives, but the revenue decline from the last quarter may raise concerns.