L&T Tech Q1 FY27 Results: Net profit climbs 17.4% to ₹352 crore, revenue grows 11.5% to ₹2,940 crore on large deal wins

L&T Technology Services on Tuesday, July 14, reported its Q1 FY27 results with double-digit growth on both the top and bottom lines, aided by higher operating margins, fresh large deal wins and growth across its key business segments.

Revenue for the quarter stood at ₹2,940 crore, up 11.5% year-on-year and 2.9% sequentially. LTTS' net profit rose 17.4% from a year ago to ₹352 crore, and was up 1.5% on a quarter-on-quarter basis. In dollar terms, revenue came in at US$310 million, a rise of 1.5% sequentially and 1.9% year-on-year in constant currency terms.

EBITDA for the quarter was ₹548 crore, 5% higher than the March quarter. EBIT came in at ₹461.3 crore, with the EBIT margin at 15.68%, an improvement of 200 basis points from a year ago and 50 basis points from the previous quarter.

The company continued to see healthy traction in large deals during the quarter, securing one deal worth over US$30 million, one above US$20 million and four exceeding US$10 million.

L&T Tech Q1 FY27 Results: Management Commentary

CEO and Managing Director Amit Chadha said the company's Lakshya 31 strategy is beginning to deliver, pointing to sustained margin improvement alongside healthy business growth. He added that the Sustainability segment held on to double-digit annual growth, while the Mobility business returned to growth despite a tough market. The company is also leaning on AI-led engineering solutions to deepen client engagements and win larger contracts.

During the quarter, LTTS announced a partnership with Anthropic to bring Claude into its engineering intelligence platform for industrial and engineering applications. Its AI patent filings rose to 244, taking the overall patent portfolio to 1,757.

L&T Tech Q1 FY27 Results: Awards And Recognition

LTTS was named a Leader in the ISG Provider Lens Digital Engineering Services 2026 (North America) study across three categories: Augmented Design & R&D Services, Intelligent Operations & Connected Experiences, and Integrated Platform & Application Services. The company also picked up the Excellence in Mobility Technology Solutions award at the Financial Express Mobility Awards 2026.

L&T Tech Q1 FY27 Results: Kotak Neo Research View

Kotak Neo Research has kept a ‘REDUCE’ rating on the stock while revising its fair value to ₹3,350, down from ₹3,450 earlier. Against a current market price of ₹3,293, that leaves little on the table, and the note reads the quarter as a reasonable one delivered against an uncertain demand backdrop, with growth and margins coming in marginally higher.

On the numbers, the print ran a touch ahead of its estimates. Constant-currency revenue growth of 1.5% QoQ came in against the 1.1% it had modelled, while the 15.7% EBIT margin beat its 15.5% forecast, up 50 basis points sequentially. The note credited the growth to the sustainability vertical, up 4.4%, and mobility, up 2.3%, with the US market growing 1.3% and the rest of the world, including India, up 2.7%.

The note flagged a few soft spots as well: the technology segment slipped 3.1% in the quarter, and it pointed to weak account mining stretching over the past several quarters. It expects 5.2% constant-currency revenue growth for the continuing business in FY27E along with a 15.9% EBIT margin, having made minor tweaks to its growth and margin assumptions and factored in higher forex losses tied to long-term hedges.

L&T Tech Share Price

L&T Technology Services shares closed 0.14% lower on the National Stock Exchange on Tuesday at ₹3,293.10 apiece. The results were announced after the market had shut for the day.

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