Overview
L&T Technology Services Limited (LTTS) announced its financial results for the first quarter of FY 2027, covering the period ended 30 June 2026.
Financial Performance
Revenue reached INR 29,401 million (≈ 2,940 crore), representing a 2.9 % increase quarter‑on‑quarter and an 11.5 % rise year‑on‑year. In constant‑currency terms, USD‑denominated revenue was $310 million, up 1.5 % QoQ and 1.9 % YoY. EBIT margin improved to 15.7 %, a gain of 50 basis points QoQ and 200 basis points YoY. Net income was INR 3,518 million (≈ 352 crore), growing 1.5 % QoQ and 17.4 % YoY.
Deal Momentum
The company reported a strong large‑deal pipeline, securing one win exceeding USD 30 million, another above USD 20 million, and four additional contracts each above USD 10 million during the quarter.
Strategic Initiatives
LTTS highlighted progress under its five‑year “Lakshya 31” plan and the six technology bets, targeting a 13‑15 % compound annual growth rate over the next five years. The Sustainability segment continued double‑digit annual growth, while the Mobility segment returned to growth despite a dynamic market environment.
Artificial Intelligence Focus
LTTS entered a partnership with Anthropic to integrate Claude and its AI‑powered Engineering Intelligence into products and industrial solutions. The firm also assists clients in assessing AI maturity using an AI Readiness Index co‑developed with MIT Media Lab. AI‑related patent filings rose to 244 during the quarter, bringing the total patent portfolio to 1,757, of which 1,059 are co‑authored with clients.
Recognitions
ISG named LTTS a “Leader” in its Provider Lens® Digital Engineering Services 2026 study for North America across Augmented Design & R&D Services, Intelligent Operations & Connected Experiences, and Integrated Platform & Application Services. LTTS also received the Excellence in Mobility Technology Solutions award at the Financial Express Mobility Awards 2026.
Human Resources & Reach
Employee strength stood at 23,845 at quarter‑end. The company operates 21 global design centres, 30 sales offices and 103 innovation labs, serving 69 Fortune 500 companies and 57 leading ER&D firms across sectors such as industrial products, medical devices, transportation, telecom, hi‑tech and process industries.
Management Commentary
CEO & Managing Director Amit Chadha stated that the strategic actions under Lakshya 31 are beginning to translate into tangible business outcomes, reflected in healthy quarterly growth and sustained margin improvement, and expressed confidence in delivering sustainable, profitable growth.