Q1 2027 L&T Technology Services Ltd Earnings Call Transcript
Key Points
- L&T Technology Services Ltd (BOM:540115) reported a revenue of $310 million, showing a sequential growth of 1.5% and a year-on-year growth of 1.9% on a constant currency basis.
- The mobility segment demonstrated a recovery with a 2.3% sequential growth, driven by advancements in Aero, Rail, and Highway sectors.
- Sustainability remained a strong growth driver, achieving 4.3% quarter-on-quarter and 11.3% year-on-year growth, supported by continued deal wins and ramp-ups.
- The company achieved an EBIT margin expansion to 15.7%, up 50 basis points quarter-on-quarter and 200 basis points year-on-year.
- L&T Technology Services Ltd (BOM:540115) announced a strategic partnership with Anthropic to integrate AI models across engineering processes, enhancing their engineering intelligence portfolio.
- The European market showed slight moderation during the quarter, impacting overall growth.
- The tech segment experienced a decline, attributed to the conclusion of a medical program and delays in new program starts.
- Other income was lower compared to the previous quarter, primarily due to foreign exchange losses.
- The offshore mix remained steady at 53.9%, indicating limited improvement in this area.
- The company faced challenges in talent acquisition for the sustainability segment, which could have supported higher growth.
Ladies and gentlemen. Good day and welcome to the Q1 FY27 conference call of L&T Technology Services Limited.
As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.
Should you need assistance during this conference, please signal an operator by pressing then 0 on your touchtone phone.
Please note that this conference is being recorded.
I now hand the conference over to Mr. Sandesh Naik, Head of Investor Relations.
Thank you and over to you, sir.
Thank you, Darwin. Good evening. I am Sandesh and welcome you all to the earnings call of L&T Technology Services for the first quarter of FY27.
Our financial results, investor release and press release have been filed on the stock exchanges and are also available on our website. Www.ltts.com.
I hope you have had a chance to go through them. This call is for 60
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