{"id":76043,"date":"2026-04-23T13:03:45","date_gmt":"2026-04-23T07:33:45","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=76043"},"modified":"2026-04-23T13:03:46","modified_gmt":"2026-04-23T07:33:46","slug":"ltts-q4-fy26-results-pat-346-crore","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/","title":{"rendered":"LTTS Q4 FY26 Results: PAT \u20b9346 Crore (+24% YoY), Revenue \u20b92,858 Crore, Dividend \u20b940\/Share"},"content":{"rendered":"<p>LTTS Q4 FY26 results are out, delivering a standout profit performance for the engineering R&amp;D services major. LTTS Q4 consolidated net income surged 24% year-on-year to \u20b9346 crore, compared to \u20b9280 crore in Q4 FY25 \u2014 significantly beating estimates. On a sequential basis, LTTS Q4 PAT rose 10% from \u20b9315 crore in Q3 FY26. LTTS Q4 EBIT margin improved 40 basis points to 15.2%, the best in several quarters.<\/p><p>LTTS Q4 revenue from operations was \u20b92,858 crore, up 8.3% year-on-year from \u20b92,639 crore in Q4 FY25, and up 2.5% quarter-on-quarter. USD revenue reached $306 million in LTTS Q4. For the full year FY26, LTTS reported revenue of \u20b910,996 crore \u2014 crossing the \u20b910,000 crore milestone with 14% growth \u2014 and net income of \u20b91,282 crore, up 7.4% YoY. LTTS Q4 TCV large deal bookings crossed $850 million for the full year, marking six consecutive quarters of nearly $200 million in TCV.<\/p><p>LTTS Q4 board declared a final dividend of \u20b940 per share for FY26, with a dividend payout ratio of 48% for the year. LTTS Q4 also unveiled the Lakshya31 strategic plan targeting 13\u201315% CAGR over the next five years, with key bets on Engineering Intelligence (EI) \u2014 the convergence of engineering with AI and digital technologies. LTTS Q4 patent portfolio reached 1,706 filings, including 235+ in AI and GenAI.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#LTTS_Q4_FY26_Results_Date_and_Strategic_Announcements\" title=\"LTTS Q4 FY26 Results Date and Strategic Announcements\">LTTS Q4 FY26 Results Date and Strategic Announcements<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#Why_LTTS_Q4_FY26_Results_Matter\" title=\"Why LTTS Q4 FY26 Results Matter\">Why LTTS Q4 FY26 Results Matter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#LTTS_Q4_FY26_%E2%80%94_Actual_Financial_Results\" title=\"LTTS Q4 FY26 \u2014 Actual Financial Results\">LTTS Q4 FY26 \u2014 Actual Financial Results<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#5_Key_Factors_That_Will_Drive_LTTS_Q4_FY26_Performance\" title=\"5 Key Factors That Will Drive LTTS Q4 FY26 Performance\">5 Key Factors That Will Drive LTTS Q4 FY26 Performance<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#Engineering_Intelligence_Strategy_Differentiation\" title=\"Engineering Intelligence Strategy Differentiation\">Engineering Intelligence Strategy Differentiation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#Sustainability_Segment_Scaling_Strongly\" title=\"Sustainability Segment Scaling Strongly\">Sustainability Segment Scaling Strongly<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#Mobility_Stabilisation_and_New_Deals\" title=\"Mobility Stabilisation and New Deals\">Mobility Stabilisation and New Deals<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#Record_Patent_Portfolio_Underpinning_Pricing_Power\" title=\"Record Patent Portfolio Underpinning Pricing Power\">Record Patent Portfolio Underpinning Pricing Power<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#Free_Cash_Flow_Conversion_at_100_of_Net_Income\" title=\"Free Cash Flow Conversion at 100% of Net Income\">Free Cash Flow Conversion at 100% of Net Income<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#5_Risks_to_Watch_in_LTTS_Q4_FY26\" title=\"5 Risks to Watch in LTTS Q4 FY26\">5 Risks to Watch in LTTS Q4 FY26<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#USD_Revenue_Decline_in_Constant_Currency\" title=\"USD Revenue Decline in Constant Currency\">USD Revenue Decline in Constant Currency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#Mobility_Segment_Macro_Headwinds\" title=\"Mobility Segment Macro Headwinds\">Mobility Segment Macro Headwinds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#Competition_from_Global_Engineering_Services_Majors\" title=\"Competition from Global Engineering Services Majors\">Competition from Global Engineering Services Majors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#Client_Concentration_in_Large_Deal_TCV\" title=\"Client Concentration in Large Deal TCV\">Client Concentration in Large Deal TCV<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#Talent_Competition_for_Specialised_Engineering_Skills\" title=\"Talent Competition for Specialised Engineering Skills\">Talent Competition for Specialised Engineering Skills<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#What_was_LTTS_Q4_FY26_net_profit\" title=\"What was LTTS Q4 FY26 net profit?\">What was LTTS Q4 FY26 net profit?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#What_was_LTTS_Q4_FY26_revenue\" title=\"What was LTTS Q4 FY26 revenue?\">What was LTTS Q4 FY26 revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#What_dividend_did_LTTS_declare_for_FY26\" title=\"What dividend did LTTS declare for FY26?\">What dividend did LTTS declare for FY26?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#What_is_the_LTTS_Lakshya31_plan\" title=\"What is the LTTS Lakshya31 plan?\">What is the LTTS Lakshya31 plan?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#What_was_LTTS_Q4_FY26_EBIT_margin\" title=\"What was LTTS Q4 FY26 EBIT margin?\">What was LTTS Q4 FY26 EBIT margin?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#What_were_LTTS_Q3_FY26_results\" title=\"What were LTTS Q3 FY26 results?\">What were LTTS Q3 FY26 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#When_did_TCS_and_Infosys_announce_Q4_FY26_results\" title=\"When did TCS and Infosys announce Q4 FY26 results?\">When did TCS and Infosys announce Q4 FY26 results?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/univest.in\/blogs-2\/ltts-q4-fy26-results-pat-346-crore\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"LTTS_Q4_FY26_Results_Date_and_Strategic_Announcements\"><\/span><strong>LTTS Q4 FY26 Results Date and Strategic Announcements<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Get real-time stock research and expert analysis on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><p>LTTS Q4 FY26 results were declared on April 22, 2026 at the board meeting, along with major corporate announcements including the appointment of Rajeev Gupta as CFO and Amitabh Kant as Independent Director. LTTS Q4 marks the end of an important year \u2014 FY26 was the first year LTTS crossed \u20b910,000 crore in annual revenue. LTTS Q4 earnings call featured CEO Amit Chadha&#8217;s unveiling of the Lakshya31 five-year plan focused on profitable growth through Engineering Intelligence.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Company<\/strong><\/td><td><strong>Q4 Results Date<\/strong><\/td><td><strong>Status<\/strong><\/td><\/tr><tr><td>TCS<\/td><td>April 9, 2026<\/td><td>Declared<\/td><\/tr><tr><td>HCL Technologies<\/td><td>April 21, 2026<\/td><td>Declared<\/td><\/tr><tr><td>LTTS<\/td><td>April 22, 2026<\/td><td>Declared<\/td><\/tr><tr><td>Infosys<\/td><td>April 23, 2026<\/td><td>Expected<\/td><\/tr><\/tbody><\/table><\/figure><p>TCS Q4 FY26 results were declared April 9 \u2014 full analysis at <a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">Univest Blogs \u2014 TCS Q4 FY26 Results Preview<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why_LTTS_Q4_FY26_Results_Matter\"><\/span><strong>Why LTTS Q4 FY26 Results Matter<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>LTTS Q4 is the final quarter of a landmark year \u2014 FY26 in which LTTS crossed \u20b910,000 crore in revenue for the first time. LTTS Q4 PAT growth of 24% YoY demonstrates that the company has successfully navigated the engineering R&amp;D sector headwinds that have challenged peers. The portfolio rationalisation strategy that CEO Amit Chadha executed during FY26 \u2014 divesting non-core segments to focus on profitable growth \u2014 is reflected in LTTS Q4 results.<\/p><p>LTTS Q4 Lakshya31 plan announcement is particularly significant: targeting 13\u201315% CAGR over five years, LTTS is articulating a long-term growth ambition that goes beyond quarterly numbers. LTTS Q4 six large technology bets including Engineering Intelligence, AI, and sustainability will shape the company&#8217;s competitive positioning for the next decade.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"LTTS_Q4_FY26_%E2%80%94_Actual_Financial_Results\"><\/span><strong>LTTS Q4 FY26 \u2014 Actual Financial Results<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>LTTS Q4 FY26 results significantly beat estimates. LTTS Q4 PAT of \u20b9346 crore is substantially ahead of the analyst consensus expectation of ~\u20b9320\u2013335 crore. LTTS Q4 revenue of \u20b92,858 crore was in line with estimates but above the lower end of the range. LTTS Q4 EBIT margin of 15.2% \u2014 improving 40 bps QoQ \u2014 came in at the top of the guided range of 14.5\u201315.5% for the year.<\/p><p>Access premium research and live data on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q4 FY25 (Base)<\/strong><\/td><td><strong>Q3 FY26<\/strong><\/td><td><strong>Q4 FY26 Actual<\/strong><\/td><td><strong>YoY Change<\/strong><\/td><\/tr><tr><td>Revenue (\u20b9 Cr)<\/td><td>2,639<\/td><td>2,787<\/td><td>2,858<\/td><td>+8.3%<\/td><\/tr><tr><td>PAT (\u20b9 Cr)<\/td><td>279<\/td><td>315<\/td><td>346<\/td><td>+24%<\/td><\/tr><tr><td>EBIT Margin<\/td><td>%<\/td><td>14.8%<\/td><td>15.2%<\/td><td>+40 bps QoQ<\/td><\/tr><tr><td>USD Revenue<\/td><td>\u2014<\/td><td>$302 Mn<\/td><td>$306 Mn<\/td><td>+8% YoY<\/td><\/tr><tr><td>FY26 TCV<\/td><td>\u2014<\/td><td>\u2014<\/td><td>$850 Mn+<\/td><td>6 consec qtrs ~$200 Mn<\/td><\/tr><tr><td>Final Dividend (\u20b9)<\/td><td>38<\/td><td>\u2014<\/td><td>40<\/td><td>+5%<\/td><\/tr><\/tbody><\/table><\/figure><p>Beyond LTTS Q4 headline numbers, investors will track the Lakshya31 plan milestones. LTTS Q4 DSO improved to 83 days from 93 days in Q3 \u2014 a significant working capital improvement. LTTS Q4 free cash flow for FY26 was \u20b91,280 crore at 100% of net income, demonstrating exceptional cash conversion. LTTS Q4 patent portfolio at 1,706 (including 235+ AI patents) signals strong IP creation capability.<\/p><p>Screen <a href=\"https:\/\/univest.in\/screeners\">LTTS live fundamentals<\/a> on the Univest Screener.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Key_Factors_That_Will_Drive_LTTS_Q4_FY26_Performance\"><\/span><strong>5 Key Factors That Will Drive LTTS Q4 FY26 Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Engineering_Intelligence_Strategy_Differentiation\"><\/span><strong>Engineering Intelligence Strategy Differentiation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS Q4 is the first quarter where the company&#8217;s Engineering Intelligence (EI) strategy \u2014 combining traditional engineering with AI and digital technologies \u2014 has been explicitly positioned as the growth engine. LTTS Q4 CEO Amit Chadha described EI as delivering &#8220;higher-value solutions and differentiated outcomes for clients,&#8221; which translates to better pricing and stickier client relationships than commodity engineering services.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Sustainability_Segment_Scaling_Strongly\"><\/span><strong>Sustainability Segment Scaling Strongly<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS Q4 sustainability segment continues to scale strongly \u2014 supported by a robust pipeline of deal wins in energy transition, renewable energy infrastructure, and industrial decarbonisation. LTTS Q4 sustainability growth is driven by global corporate net-zero commitments and regulatory ESG requirements, creating long-duration project opportunities. This segment is expected to be a key growth driver under the Lakshya31 plan.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mobility_Stabilisation_and_New_Deals\"><\/span><strong>Mobility Stabilisation and New Deals<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>After several quarters of challenges, LTTS Q4 saw the Mobility segment (automotive, aerospace, transportation) stabilise with new deal wins. Software-defined vehicles (SDV) \u2014 a key theme for the automotive industry \u2014 require deep engineering capabilities that LTTS Q4 has been building. The company&#8217;s partnership with MIT Media Labs to explore SDV-related technologies underscores the strategic bet on mobility&#8217;s next phase.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Record_Patent_Portfolio_Underpinning_Pricing_Power\"><\/span><strong>Record Patent Portfolio Underpinning Pricing Power<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS Q4 patent portfolio reached 1,706, with 1,033 co-authored with customers \u2014 a distinctive model that aligns LTTS&#8217;s innovation directly with client needs. LTTS Q4 has crossed 235 AI and GenAI patents specifically, positioning the company as an IP-led engineering services provider. This patent depth justifies premium pricing in contract negotiations versus commodity-focused engineering firms.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Free_Cash_Flow_Conversion_at_100_of_Net_Income\"><\/span><strong>Free Cash Flow Conversion at 100% of Net Income<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS Q4 closes FY26 with free cash flow of \u20b91,280 crore \u2014 exactly 100% of net income. This exceptional cash conversion demonstrates that LTTS Q4 profitability is fully backed by cash generation, with no significant working capital deterioration. The improving DSO (83 days vs 93 days in Q3) further validates the quality of earnings in LTTS Q4.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Risks_to_Watch_in_LTTS_Q4_FY26\"><\/span><strong>5 Risks to Watch in LTTS Q4 FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"USD_Revenue_Decline_in_Constant_Currency\"><\/span><strong>USD Revenue Decline in Constant Currency<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS Q4 USD revenue of $306 million was down 1.7% QoQ and contracted 1.1% sequentially in constant currency terms. This suggests that while YoY growth is healthy, there is some near-term sequential softness. If LTTS Q4 constant currency decline persists into Q1 FY27, it could raise questions about the Lakshya31 13\u201315% CAGR target&#8217;s near-term feasibility.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mobility_Segment_Macro_Headwinds\"><\/span><strong>Mobility Segment Macro Headwinds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS Q4 Mobility segment faces structural headwinds from EV adoption volatility \u2014 major automotive clients have been revising their EV investment plans globally. LTTS Q4 stabilisation in mobility is encouraging but not yet a confirmed recovery. A further delay in automotive engineering spend could weigh on LTTS Q4 pipeline conversion into FY27.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Competition_from_Global_Engineering_Services_Majors\"><\/span><strong>Competition from Global Engineering Services Majors<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS Q4 competes with Tata Elxsi, Cyient, KPIT, and global engineering services firms from Europe and the US. As AI becomes more central to engineering services, larger technology firms (Accenture, Capgemini) are also expanding into the ER&amp;D space. LTTS Q4 must sustain its differentiation through deeper domain expertise and co-innovation.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Client_Concentration_in_Large_Deal_TCV\"><\/span><strong>Client Concentration in Large Deal TCV<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS Q4 TCV of $850 million for FY26 is concentrated in large deals ($75 million+) and deals above $10 million. While large deal wins provide revenue visibility, they also create client concentration risk. LTTS Q4 dependency on a small number of mega-deals means any delay in ramp-up could disproportionately impact near-term revenues.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Talent_Competition_for_Specialised_Engineering_Skills\"><\/span><strong>Talent Competition for Specialised Engineering Skills<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS Q4 headcount at 23,830 reflects controlled hiring. The specialised skills required for Engineering Intelligence \u2014 AI-trained engineers with domain expertise in automotive, aerospace, or medtech \u2014 are in short supply globally. LTTS Q4 must invest in upskilling and talent acquisition to build the capabilities required to deliver on the Lakshya31 commitments.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>LTTS Q4 FY26 results are an impressive finish to a landmark year. PAT growth of 24% YoY to \u20b9346 crore, EBIT margin of 15.2%, $850 million FY26 TCV, 100% free cash flow conversion, and a final dividend of \u20b940\/share collectively make LTTS Q4 one of the strongest in the engineering R&amp;D sector. The Lakshya31 five-year plan provides a clear strategic roadmap, and LTTS Q4 PAT beat demonstrates that the company is executing well on its profitability improvement journey.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE\/BSE filings and exchange announcements. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><p>For more Q4 FY26 results analysis, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_LTTS_Q4_FY26_net_profit\"><\/span><strong>What was LTTS Q4 FY26 net profit?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS Q4 FY26 consolidated net income was \u20b9346 crore, up 24% year-on-year from \u20b9280 crore in Q4 FY25 and up 10% quarter-on-quarter from \u20b9315 crore in Q3 FY26.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_LTTS_Q4_FY26_revenue\"><\/span><strong>What was LTTS Q4 FY26 revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS Q4 FY26 revenue was \u20b92,858 crore, up 8.3% year-on-year from \u20b92,639 crore in Q4 FY25. USD revenue was $306 million. For full year FY26, LTTS revenue crossed \u20b910,996 crore (+14% YoY).<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_dividend_did_LTTS_declare_for_FY26\"><\/span><strong>What dividend did LTTS declare for FY26?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS declared a final dividend of \u20b940 per share for FY26, with a dividend payout ratio of 48% for the year. This is subject to shareholder approval at the AGM scheduled for June 1, 2026.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_LTTS_Lakshya31_plan\"><\/span><strong>What is the LTTS Lakshya31 plan?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS Lakshya31 is a five-year strategic plan targeting 13\u201315% revenue CAGR over the next five years (FY26\u2013FY31). The plan focuses on Engineering Intelligence \u2014 the convergence of engineering with AI and digital technologies \u2014 across Mobility, Sustainability, and Tech segments.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_was_LTTS_Q4_FY26_EBIT_margin\"><\/span><strong>What was LTTS Q4 FY26 EBIT margin?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>LTTS Q4 FY26 EBIT margin was 15.2%, improving 40 basis points from Q3 FY26. For the full year FY26, EBIT margin was 14.5%.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_were_LTTS_Q3_FY26_results\"><\/span><strong>What were LTTS Q3 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>In Q3 FY26, LTTS reported revenue of \u20b92,787 crore and net income of \u20b9315 crore, with EBIT margin of 14.8%. LTTS Q4 showed healthy sequential improvement across all key metrics.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"When_did_TCS_and_Infosys_announce_Q4_FY26_results\"><\/span><strong>When did TCS and Infosys announce Q4 FY26 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>TCS Q4 FY26 results were declared on April 9, 2026. Infosys Q4 FY26 results are expected on April 23, 2026. Read the TCS Q4 analysis and Infosys Q4 preview on Univest Blogs. Read the TCS Q4 analysis at <a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">Univest Blogs<\/a> and the Infosys Q4 preview at <a href=\"https:\/\/univest.in\/blogs\/infosys-q4-results-2026-date-preview\">Univest Blogs<\/a>.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE\/BSE filings and exchange announcements. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/zuari-agro-chemicals-q4-results-2026\">Zuari Agro Chemicals Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/zota-health-care-q4-results-2026\">Zota Health Care Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/zodiac-energy-q4-results-2026\">Zodiac Energy Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/zodiac-clothing-company-q4-results-2026\">Zodiac Clothing Company Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/zim-laboratories-q4-results-2026\">Zim Laboratories Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>LTTS Q4 FY26 results are out, delivering a standout profit performance for the engineering R&amp;D services major. LTTS Q4 consolidated net income surged 24% year-on-year to \u20b9346 crore, compared to \u20b9280 crore in Q4 FY25 \u2014 significantly beating estimates. On a sequential basis, LTTS Q4 PAT rose 10% from \u20b9315 crore in Q3 FY26. LTTS<\/p>\n","protected":false},"author":23,"featured_media":76202,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[4027],"class_list":["post-76043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-q4-fy26-results"],"metadata":{"_edit_lock":["1776929687:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"amazonS3_cache":["a:2:{s:63:\"\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/04\/image-1310.jpeg\";a:2:{s:2:\"id\";i:76045;s:11:\"source_type\";s:13:\"media-library\";}s:95:\"\/\/univest-blog.storage.googleapis.com\/blogs\/wp-content\/uploads\/2026\/04\/23115115\/image-1310.jpeg\";a:2:{s:2:\"id\";i:76045;s:11:\"source_type\";s:13:\"media-library\";}}"],"rank_math_primary_category":["842"],"rank_math_seo_score":["76"],"rank_math_robots":["a:2:{i:0;s:8:\"nofollow\";i:1;s:7:\"noindex\";}"],"rank_math_title":["LTTS Q4 FY26 Results: PAT \u20b9346 Crore +24% YoY, Revenue \u20b92,858 Crore, Dividend \u20b940"],"rank_math_description":["LTTS Q4 FY26 results declared April 22, 2026. 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