• Financial performance: Full-year revenue from continuing operations reached $1.233 billion with 8.3% year-on-year growth, an EBIT margin of 14.5%, and net income of 1,282 crores. Long-term outlook is projected at a 13% to 15% CAGR over the next five years alongside expanding EBIT and EPS.
• Margin improvement outlook: Driven by AI-enabled utilization gains, operating margins are expected to expand by another 100 to 200 basis points. The company also plans a net addition of 1,000 employees over a 12-month period to support demand across core offerings.
• Deal wins composition: L&T Technology Services recorded its sixth consecutive quarter of $200 million in large deal total contract value, including a single $75 million win. AI-related transformation and automation accounted for approximately 40% of these deal wins.
• Regional growth trends: North America and Europe recorded year-on-year growth of 12% and 2.5% respectively, supported by spending on AI, data centers, and industrial automation. Management noted that the potential impact of geopolitical developments in West Asia will need to be monitored and quantified.