Key Decisions and Financial Results

The Board of Directors meeting held on October 19, 2026 (commencing at 1:30 PM IST and concluding at 3:35 PM IST) approved the following:

1. Unaudited Financial Results: Approved both consolidated and standalone financial results for the quarter and half year ended September 30, 2026. The Limited Review Reports issued by statutory auditors M S K A & Associates LLP were taken on record (pursuant to Regulation 33 of SEBI Listing Regulations).

2. Interim Dividend: Declared an interim dividend of ₹20 per equity share of face value ₹2 each for financial year 2026-27.

Financial Performance Highlights

Consolidated Results (Q2 FY27 vs Q2 FY26):

  • Revenue from operations: ₹30,404 million (vs ₹27,133 million)
  • Total income: ₹30,713 million (vs ₹27,790 million)
  • Employee benefits expense: ₹17,521 million (vs ₹15,852 million)
  • Profit before tax from continuing operations: ₹5,135 million (vs ₹4,324 million)
  • Net profit from continuing operations: ₹3,801 million (vs ₹3,177 million)
  • Profit from discontinued operations: ₹1,686 million (vs ₹115 million)
  • Net profit for the period: ₹5,487 million (vs ₹3,292 million)
  • Earnings per share (continuing and discontinued): ₹51.67 (basic) and ₹51.61 (diluted)

Half-Year Consolidated Performance (H1 FY27 vs H1 FY26):

  • Revenue from operations: ₹59,805 million (vs ₹53,509 million)
  • Net profit: ₹9,058 million (vs ₹6,453 million)

Segment Performance (Q2 FY27):

  • Mobility: ₹9,819 million revenue
  • Sustainability: ₹11,566 million revenue
  • Tech: ₹9,019 million revenue

Dividend Details

Tax Treatment

Dividend income is taxable in shareholders' hands per Income Tax Act, 2025 (formerly 1961 Act) read with Finance Act, 2020 provisions. The Company will deduct tax at source at prescribed rates. Members must submit requisite documents by October 27, 2026 for TDS determination.

Discontinued Operations

The Company completed the sale of its Smart World and Communication (SWC) Business unit to AMI Paradigm Solutions Private Limited on September 1, 2026, pursuant to a Business Transfer Agreement dated March 25, 2026. This resulted in:

  • Recognition of gain of ₹650 million (net of tax) for Q2 and H1 FY27 under discontinued operations
  • Profit before tax from discontinued operations: ₹1,974 million for Q2 FY27
  • Comparative financial results and segment information have been restated accordingly

Capital Structure Impact

During Q2 and H1 FY27, the Company allotted:

  • 17,675 equity shares in Q2 FY27
  • 88,125 equity shares in H1 FY27

(Total: 105,800 equity shares of ₹2 each fully paid-up on exercise of stock options by employees)

Subsidiary Information

The consolidated results include 15 subsidiaries. Interim financial information of six subsidiaries (not reviewed by their auditors) represents:

  • Total assets: ₹999 million as at September 30, 2026
  • Total revenue: ₹113 million for Q2 FY27 and ₹271 million for H1 FY27
  • Total comprehensive income: ₹20 million for Q2 FY27 and ₹36 million for H1 FY27
  • Cash inflow: ₹7 million for H1 FY27

Cash Flow Highlights (H1 FY27 Consolidated):

  • Cash from operating activities: ₹5,588 million
  • Cash used in investing activities: ₹2,472 million
  • Cash used in financing activities: ₹5,342 million
  • Net decrease in cash: ₹2,226 million
  • Cash and cash equivalents at period end: ₹14,394 million

Assets and Liabilities Position (Consolidated as at September 30, 2026):

  • Total assets: ₹103,707 million (vs ₹104,889 million as at March 31, 2026)
  • Total equity: ₹71,016 million (vs ₹64,922 million as at March 31, 2026)
  • Equity attributable to shareholders: ₹70,810 million
  • Non-controlling interest: ₹206 million

Document Availability

The standalone and consolidated unaudited financial results are available on the Company's website (www.ltts.com) and on BSE (www.bseindia.com) and NSE (www.nseindia.com) websites.