L&T Technology Services Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
L&T Technology Services reported Q1 FY27 revenue of $310 million, up 1.5% sequentially and 1.9% YoY in constant currency, with EBIT margin expanding to 15.7%. Sustainability grew 4.3% QoQ and 11.3% YoY as the fastest-growing segment, Mobility grew 2.3% sequentially, while Tech declined amid delayed deal closures and a paused medical program. Management discussed its Lakshya 31 strategy, Engineering Intelligence platforms, a new Anthropic partnership, and reiterated a five-year revenue and margin aspiration.
L&T Technology Services reported Q4FY26 revenue of $306 Mn from continuing operations, up 0.3% year-on-year but down 1.7% sequentially, which management attributed to a deliberate exit from low-margin and nonstrategic business. EBIT margin expanded 40 basis points sequentially to 15.2%, the second consecutive quarterly improvement, while the company completed the disinvestment of its SWC business and reclassified it as discontinued operations. Management also outlined a new 5-year Lakshya 31 strategic plan built around six technology bets and announced leadership changes including Rajeev Gupta's elevation to the Board as CFO.