L&T Tech Q4 misses Street estimates, margin improves; ₹40 dividend declared

L&T Technology Services reported a mixed set of numbers for the March quarter on Wednesday, with revenue and profit missing Street estimates even as margins showed sequential improvement.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.Also Read: Tata Communications Q4 profit slides, margin improves; ₹17.5 dividend declared

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.

Also Read: RBI resets PPI rules: Pushes interoperability, tightens balance limits