L&T Technology Services Limited

rs,

mplex Bandra (East), Mumbai – 400 051. NSE Symbol: LTTS BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001 BSE Script Code: 540115 Subject: Press Release and Investor Release

15%

ary of Larsen & Toubro Limited L&T Technology Services reports 15% growth in Q1FY24 Reaffirms $1.5Bn revenue run-rate in FY25 Q1 Revenue of ₹2,301 crore, up 15% Y

₹2,301 crore

y Services reports 15% growth in Q1FY24 Reaffirms $1.5Bn revenue run-rate in FY25 Q1 Revenue of ₹2,301 crore, up 15% YoY Q1 Net profit of ₹311 crore, up 13% YoY Mumbai, July 18, 2023: L&T Technology Servic

₹311 crore

eaffirms $1.5Bn revenue run-rate in FY25 Q1 Revenue of ₹2,301 crore, up 15% YoY Q1 Net profit of ₹311 crore, up 13% YoY Mumbai, July 18, 2023: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), Ind

13%

revenue run-rate in FY25 Q1 Revenue of ₹2,301 crore, up 15% YoY Q1 Net profit of ₹311 crore, up 13% YoY Mumbai, July 18, 2023: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), India’s lea

₹23,014 million

results for the first quarter ended June 30, 2023. Highlights for Q1FY24 include: • Revenue at ₹23,014 million; growth of 15% YoY • USD Revenue at $280 million; growth of 10% YoY in constant currency • EBIT m

280 million

Highlights for Q1FY24 include: • Revenue at ₹23,014 million; growth of 15% YoY • USD Revenue at $280 million; growth of 10% YoY in constant currency • EBIT margin at 17.2% • Net profit at ₹3,111 million; gr

10%

nclude: • Revenue at ₹23,014 million; growth of 15% YoY • USD Revenue at $280 million; growth of 10% YoY in constant currency • EBIT margin at 17.2% • Net profit at ₹3,111 million; growth of 13% YoY

17.2%

of 15% YoY • USD Revenue at $280 million; growth of 10% YoY in constant currency • EBIT margin at 17.2% • Net profit at ₹3,111 million; growth of 13% YoY During the quarter, LTTS won a USD 50 million

₹3,111 million

ue at $280 million; growth of 10% YoY in constant currency • EBIT margin at 17.2% • Net profit at ₹3,111 million; growth of 13% YoY During the quarter, LTTS won a USD 50 million plus deal, and additionally five

50 million

in at 17.2% • Net profit at ₹3,111 million; growth of 13% YoY During the quarter, LTTS won a USD 50 million plus deal, and additionally five deals with TCV of more than USD 10 million each. “We had a quar

10 million

uarter, LTTS won a USD 50 million plus deal, and additionally five deals with TCV of more than USD 10 million each. “We had a quarter of strong deal wins across all five segments, the highlight being a $50M

“We maintain our USD revenue growth guidance of 20% plus in constant currency.”

“In order to realize our aspiration to reach the $1.5 billion revenue run rate in FY25, we will continue to invest in emerging technologies like AI, SDV and Cybersecurity.”

“• An American tech multinational has chosen LTTS to provide services for post Silicon validation for their upcoming Server Derivative Chips which will be used to power hyper scalers for data centres.”

“BSNL and LTTS plan to co-innovate and jointly bring to market private 5G connectivity solutions to accelerate digital transformation for enterprises in India.”

“The project hinged on the principle of “Reduce-reuse and recycle”.”

Highlights and Recognitions

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Media Contact

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For more information please contact

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Highlights and Recognitions

• LTTS has partnered with Palo Alto Networks to provide enterprises in diverse verticals with security services and solutions in 5G and Operations Technology (OT). Under the agreement, LTTS will become a Palo Alto Networks Managed Security Services Partner (MSSP), delivering a suite of security services to global customers in industrial verticals. REGISTERED OFFICE: L&T House, N.M. Marg, Ballard Estate, Mumbai - 400 001 CIN: L72900MH2012PLC232169 www.LTTS.com info@LTTS.com Copyright © L&T Technology Services • LTTS is recognized as a Great Place to WorkTM for second time in a row in India and in Poland for the first time. LTTS scored high on parameters like credibility, respect and pride as well as high overall participation from employees. • LTTS was also recognized as the Leadership Factory of India by Great Manager Institute • Rated as leaders in Manufacturing Smart Industry Services 2023 RadarView by Avasant. • LTTS received the Aveva Global Alliance partner of the Year Award for d

Media Contact

Aniruddha Basu L&T Technology Services Limited E: Aniruddha.Basu@LTTS.com T: +91-80-67675707 REGISTERED OFFICE: L&T House, N.M. Marg, Ballard Estate, Mumbai - 400 001 CIN: L72900MH2012PLC232169 www.LTTS.com info@LTTS.com Copyright © L&T Technology Services L&T TECHNOLOGY SERVICES LIMITEDENGINEERING THE CHANGEFIRST QUARTER | FY 24 RESULTSInvestor Release | Mumbai, India, July 18, 2023 SAFE HARBOUR STATEMENT Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. L&T Technology Services Limited (LTTS) does not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf. PAGE 2 L&T TECHNOLOGY SERVICES | Q1 FY 24 - QUARTERLY RESULT FINANCIAL HIGHLIGHTS Effective April 1, 2023, LTTS completed the acquisition of Smart World & Communication (SWC)

For more information please contact

Pinku Pappan Head, Investor Relations & M&A Email: pinku.pappan@LTTS.com For additional information about L&T Technology Services log on to www.LTTS.com PAGE 14 L&T TECHNOLOGY SERVICES | Q1 FY 24 - QUARTERLY RESULT Copyright © L&T Technology Services