InvestorQ : How much is the IT business of the L&T group likely to contribute the group overall?
Deepa Salunkhe made post

How much is the IT business of the L&T group likely to contribute the group overall?

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Arya Nanda answered.
2 months ago
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L&T expects that its portfolio of IT services businesses comprising of LTI, LTTS and Mindtree will double revenues to Rs73,980 crore by FY26. It may be recollected that Mindtree and LTI have already announced plans to merge, while LTTS is still a separate entity.

The projections assume CAGR growth of 23% over next 3 years. The contribution of the IT business to operating income of the L&T group is expected to increase between now and 2026 from 45% to 60%. Bulk of L&T group market cap accretion in last few years has been driven by the 3 IT services companies.

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