L&T Technology Services Limited — Q1FY27 earnings call summary

Filed 20 July 2026 · Official transcript

Revenue $310 Mn, +1.5% sequentially, +1.9% YoY constant currency in Q1 FY27
Mobility segment grew 2.3% QoQ; Sustainability grew 4.3% QoQ and 11.3% YoY with double-digit growth guidance for FY27
Tech segment faced softness but expected to grow from Q2; strong pipeline and new telecom deal in early Q2
EBIT margin expanded to 15.7%, +50 bps QoQ and +200 bps YoY; free cash flow at 153% of net income
Large deal TCV wins near $100 Mn; strategic AI partnerships including Anthropic integration
Offshore mix steady at 53.9%; attrition at 14.7%; DSO improved to 77 days
Management confident of 13-15% CAGR over 5 years with EBIT margins 16-17%