The high-value deal wins that L&T Technology Services Ltd. secured in the October-December quarter will be the norm going forward, positioning fiscal 2026 for stronger growth than fiscal 2025, said Amit Chadha, the company's chief executive officer and managing director.
LTTS won a $50-million deal with a global network provider as a strategic partner to deliver product integration services for the North American market. Additionally, it secured two $35 million orders, two $25 million orders and three orders worth $10 million in the third quarter of the ongoing fiscal.
Talking about the order wins and the way forward, Chadha told NDTV Profit that the dollar value of large deal wins in the December quarter was “higher than what we have had in the last, maybe, 12-14 quarters”.
“Earlier large deals used to be only at a company level. Now there are large engine parts deals at one segment and each segment has its own teams,” he said.
Given the company's strong order pipeline, the top executive emphasised that securing high-dollar-value orders will become the standard for LTTS going forward, rather than being seen as a one-time achievement.
“Given that the pipeline is robust, I believe that this higher dollar value of wins we have had in Q3 will not be an abnormality but will become a norm as we move forward,” he said.
The LTTS CEO said that he is “fairly comfortable” to say that the next fiscal will be better than the current one.
“I think, at least for Q4, I am sure that we will be able to close (a large number of high dollar value deals). I am fairly comfortable to say that FY26 should be a better year than FY25,” he assured.
Talking about the January-March period of the current fiscal, Chadha mentioned that LTTS is expecting some large orders to close in the early period of the quarter.
“The current quarter is again very exciting for us. We are expecting some large closures hopefully in the earlier part of the quarter as you look ahead,” he said.
Shares of LTTS was trading 0.82% higher at Rs 5,287.20, as of 9:37 a.m., after a tepid open at 5,195 apiece. Meanwhile Nifty 50 was 0.45% lower at 23.207.75.
L&T Tech Expects A Better Q4 | Watch
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