LTTS Q4 FY26 Results: PAT ₹346 Crore (+24% YoY), Revenue ₹2,858 Crore, Dividend ₹40/Share

Thu Apr 23 2026

LTTS Q4 FY26 results are out, delivering a standout profit performance for the engineering R&D services major. LTTS Q4 consolidated net income surged 24% year-on-year to ₹346 crore, compared to ₹280 crore in Q4 FY25 — significantly beating estimates. On a sequential basis, LTTS Q4 PAT rose 10% from ₹315 crore in Q3 FY26. LTTS Q4 EBIT margin improved 40 basis points to 15.2%, the best in several quarters.

LTTS Q4 revenue from operations was ₹2,858 crore, up 8.3% year-on-year from ₹2,639 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 ₹10,996 crore — crossing the ₹10,000 crore milestone with 14% growth — and net income of ₹1,282 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.

LTTS Q4 board declared a final dividend of ₹40 per share for FY26, with a dividend payout ratio of 48% for the year. LTTS Q4 also unveiled the Lakshya31 strategic plan targeting 13–15% CAGR over the next five years, with key bets on Engineering Intelligence (EI) — the convergence of engineering with AI and digital technologies. LTTS Q4 patent portfolio reached 1,706 filings, including 235+ in AI and GenAI.

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LTTS Q4 FY26 Results Date and Strategic Announcements

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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 — FY26 was the first year LTTS crossed ₹10,000 crore in annual revenue. LTTS Q4 earnings call featured CEO Amit Chadha’s unveiling of the Lakshya31 five-year plan focused on profitable growth through Engineering Intelligence.

Company	Q4 Results Date	Status
TCS	April 9, 2026	Declared
HCL Technologies	April 21, 2026	Declared
LTTS	April 22, 2026	Declared
Infosys	April 23, 2026	Expected

TCS Q4 FY26 results were declared April 9 — full analysis at Univest Blogs — TCS Q4 FY26 Results Preview.

Why LTTS Q4 FY26 Results Matter

LTTS Q4 is the final quarter of a landmark year — FY26 in which LTTS crossed ₹10,000 crore in revenue for the first time. LTTS Q4 PAT growth of 24% YoY demonstrates that the company has successfully navigated the engineering R&D sector headwinds that have challenged peers. The portfolio rationalisation strategy that CEO Amit Chadha executed during FY26 — divesting non-core segments to focus on profitable growth — is reflected in LTTS Q4 results.

LTTS Q4 Lakshya31 plan announcement is particularly significant: targeting 13–15% 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’s competitive positioning for the next decade.

LTTS Q4 FY26 — Actual Financial Results

LTTS Q4 FY26 results significantly beat estimates. LTTS Q4 PAT of ₹346 crore is substantially ahead of the analyst consensus expectation of ~₹320–335 crore. LTTS Q4 revenue of ₹2,858 crore was in line with estimates but above the lower end of the range. LTTS Q4 EBIT margin of 15.2% — improving 40 bps QoQ — came in at the top of the guided range of 14.5–15.5% for the year.

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Metric	Q4 FY25 (Base)	Q3 FY26	Q4 FY26 Actual	YoY Change
Revenue (₹ Cr)	2,639	2,787	2,858	+8.3%
PAT (₹ Cr)	279	315	346	+24%
EBIT Margin	%	14.8%	15.2%	+40 bps QoQ
USD Revenue	—	$302 Mn	$306 Mn	+8% YoY
FY26 TCV	—	—	$850 Mn+	6 consec qtrs ~$200 Mn
Final Dividend (₹)	38	—	40	+5%

Beyond LTTS Q4 headline numbers, investors will track the Lakshya31 plan milestones. LTTS Q4 DSO improved to 83 days from 93 days in Q3 — a significant working capital improvement. LTTS Q4 free cash flow for FY26 was ₹1,280 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.

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5 Key Factors That Will Drive LTTS Q4 FY26 Performance

Engineering Intelligence Strategy Differentiation

LTTS Q4 is the first quarter where the company’s Engineering Intelligence (EI) strategy — combining traditional engineering with AI and digital technologies — has been explicitly positioned as the growth engine. LTTS Q4 CEO Amit Chadha described EI as delivering “higher-value solutions and differentiated outcomes for clients,” which translates to better pricing and stickier client relationships than commodity engineering services.

Sustainability Segment Scaling Strongly

LTTS Q4 sustainability segment continues to scale strongly — 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.

Mobility Stabilisation and New Deals

After several quarters of challenges, LTTS Q4 saw the Mobility segment (automotive, aerospace, transportation) stabilise with new deal wins. Software-defined vehicles (SDV) — a key theme for the automotive industry — require deep engineering capabilities that LTTS Q4 has been building. The company’s partnership with MIT Media Labs to explore SDV-related technologies underscores the strategic bet on mobility’s next phase.

Record Patent Portfolio Underpinning Pricing Power

LTTS Q4 patent portfolio reached 1,706, with 1,033 co-authored with customers — a distinctive model that aligns LTTS’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.

Free Cash Flow Conversion at 100% of Net Income

LTTS Q4 closes FY26 with free cash flow of ₹1,280 crore — 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.

5 Risks to Watch in LTTS Q4 FY26

USD Revenue Decline in Constant Currency

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 13–15% CAGR target’s near-term feasibility.

Mobility Segment Macro Headwinds

LTTS Q4 Mobility segment faces structural headwinds from EV adoption volatility — 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.

Competition from Global Engineering Services Majors

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&D space. LTTS Q4 must sustain its differentiation through deeper domain expertise and co-innovation.

Client Concentration in Large Deal TCV

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.

Talent Competition for Specialised Engineering Skills

LTTS Q4 headcount at 23,830 reflects controlled hiring. The specialised skills required for Engineering Intelligence — AI-trained engineers with domain expertise in automotive, aerospace, or medtech — 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.

Conclusion

LTTS Q4 FY26 results are an impressive finish to a landmark year. PAT growth of 24% YoY to ₹346 crore, EBIT margin of 15.2%, $850 million FY26 TCV, 100% free cash flow conversion, and a final dividend of ₹40/share collectively make LTTS Q4 one of the strongest in the engineering R&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.

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.

For more Q4 FY26 results analysis, visit Univest Blogs.

Frequently Asked Questions

What was LTTS Q4 FY26 net profit?

LTTS Q4 FY26 consolidated net income was ₹346 crore, up 24% year-on-year from ₹280 crore in Q4 FY25 and up 10% quarter-on-quarter from ₹315 crore in Q3 FY26.

What was LTTS Q4 FY26 revenue?

LTTS Q4 FY26 revenue was ₹2,858 crore, up 8.3% year-on-year from ₹2,639 crore in Q4 FY25. USD revenue was $306 million. For full year FY26, LTTS revenue crossed ₹10,996 crore (+14% YoY).

What dividend did LTTS declare for FY26?

LTTS declared a final dividend of ₹40 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.

What is the LTTS Lakshya31 plan?

LTTS Lakshya31 is a five-year strategic plan targeting 13–15% revenue CAGR over the next five years (FY26–FY31). The plan focuses on Engineering Intelligence — the convergence of engineering with AI and digital technologies — across Mobility, Sustainability, and Tech segments.

What was LTTS Q4 FY26 EBIT margin?

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%.

What were LTTS Q3 FY26 results?

In Q3 FY26, LTTS reported revenue of ₹2,787 crore and net income of ₹315 crore, with EBIT margin of 14.8%. LTTS Q4 showed healthy sequential improvement across all key metrics.

When did TCS and Infosys announce Q4 FY26 results?

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 Univest Blogs and the Infosys Q4 preview at Univest Blogs.