LTTS Q1FY27 Revenue Grows 11.5% YoY to ₹2,940 Crore; Net Profit Up 17.4%
L&T Technology Services reported Q1FY27 revenue of ₹2,940 crore, up 11.5% YoY. Net profit rose 17.4% YoY to ₹352 crore. EBIT margin improved to 15.7%. The company secured multiple large deals and reiterated its five-year aspiration of 13-15% CAGR with EBIT margins of 16-17%.
The announcement details significant financial performance improvements and positive future outlook, which are material to investors and stakeholders. The mention of large deal wins and strategic partnerships also indicates a substantial impact on the company's business trajectory.
The company reported strong year-on-year growth in both revenue and net profit, along with improved EBIT margins. Positive commentary from the CEO regarding strategic actions and future outlook, along with significant deal wins and industry recognitions, further supports a positive sentiment.
L&T Technology Services Limited (LTTS) announced its financial results for the first quarter ended June 30, 2026, reporting a year-on-year (YoY) revenue growth of 11.5% to ₹2,940 crore (29,401 million). Net profit for the quarter surged by 17.4% YoY to ₹352 crore (3,518 million). The company's EBIT margin improved by 200 basis points YoY to 15.7%. Revenue in USD terms was $309.9 million, with a YoY growth of 1.9% in constant currency.
LTTS secured significant large deals, including one exceeding USD 30 million, another above USD 20 million, and four deals worth over USD 10 million. The CEO & Managing Director, Amit Chadha, highlighted that strategic actions under the 'Lakshya 31' agenda are yielding positive business outcomes, with healthy quarterly growth and sustained margin improvement. The company is experiencing resilience in its diversified portfolio, with the Sustainability segment maintaining double-digit annual growth and the Mobility segment returning to growth. LTTS has partnered with Anthropic to leverage AI for products, services, and industrial solutions, and its AI patent filings have increased to 244, with the overall patent portfolio reaching 1,757.
The company remains confident in its 'Lakshya 31' five-year plan, aspiring to achieve a 13-15% CAGR over the next five years while maintaining EBIT margins of 16-17%. LTTS also received recognition as a 'Leader' in the ISG Provider Lens Digital Engineering Services 2026 study (North America) and was awarded 'Excellence in Mobility Technology Solutions' at the Financial Express Mobility Awards 2026. As of June 30, 2026, LTTS had a total headcount of 23,845 employees.
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L&T Technology Services Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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