Q3 2025 L&T Technology Services Ltd Earnings Call Transcript
Key Points
- Revenue grew by 3.1% in constant currency, with significant contributions from the Tech and Sustainability segments.
- The company achieved its highest ever large deal bookings in Q3, including a $50 million deal and multiple deals over $10 million.
- EBIT margin improved by 110 basis points to 16.2%, excluding non-operational expenses related to M&A.
- The acquisition of Intelliswift is expected to enhance AI, digital, and software product engineering capabilities.
- Strong growth in the Sustainability segment, with a 4% increase driven by process and industry sectors.
- The Mobility segment experienced a decline of 5.2% in constant currency due to challenges in the automotive sector.
- Select OEMs and Tier 1s are facing challenges, leading to project pauses and spending reductions.
- Weak demand in the agriculture and construction sectors due to tariff uncertainties.
- The Intelliswift acquisition is expected to impact EBIT margin by approximately 150 basis points in Q4.
- Automotive sector is anticipated to remain under stress for the next couple of quarters, affecting growth in the Mobility segment.
Ladies and gentlemen, good day, and welcome to Q3 FY25 earnings conference call of L&T Services. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Pinku Pappan. Thank you, and over to you, Mr. Pappan.
Thanks. Hello, everyone, and welcome to the earnings call of L&T Technology Services for the third quarter of FY25. I'm Pinku. Our financial results, investor release, and press release have been filed on the stock exchanges and are also available on our website, www.ltts.com. I hope you have had a chance to go through them.
This call is for 60 minutes. We will try to wrap up the management remarks in 20 minutes and then open up for Q&A. The audio recording of this call will be available on our website approximately one hour after the call ends.
With that, let me introduce the leadership team present on this call. We
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