Throughline

Guidance ledger · Q4 FY26

L&T Technology Services Ltd LTTS

3 revisions on record · 2 lowered · 0 raised — the strikethrough is what management used to say

mixed guidance posture · shifted across quarters
→ narrowed Mid-16% EBIT margin timing Q1 FY26 → Q4 FY26
between Q4FY27 and Q1FY28on or before Q4FY27
“we now advance our aspiration to achieve mid-16% EBIT margin levels on or before Q4FY27”
↓ lowered Combined DSO target range Q1 FY26 → Q4 FY26
110 to 115 days85-90 days
“The combined DSO is expected to be in the range of 85-90 days going forward”
↓ lowered FY26 overall revenue growth guidance Q1 FY26 → Q3 FY26
double-digit growth over FY25mid-single overall growth in FY26
“we are guiding for mid -single overall growth in FY26”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.