| Management target | Revenue 14.0% Next 5 years |
|---|
| Revenue growth | 1.9% YoY constant currency growth. |
|---|---|
| Margins | EBIT margin up 50bps QoQ to 15.7%; targeting mid-16% by Q4. |
| Order book | Large deal TCV wins of nearly $100 Mn in Q1. |
| Demand visibility | Strong pipeline in Mobility and Sustainability; Tech recovery expected in Q2. |
| Management confidence | High, reconfirming sequential growth in revenue and margins ahead. |
Growth
Revenue grew 1.9% YoY and 1.5% QoQ in constant currency. PAT stood at ₹352 crore, up 17.4% YoY.
Outlook
Management reaffirmed 13-15% CAGR target over 5 years with 16-17% EBIT margins; Sustainability segment expected to grow double-digits in FY27.
Risks
European markets show moderation due to exposure to Asian/Chinese demand shifts; Tech segment saw temporary medical program conclusion headwinds.
Last quarter's promises, checked
Delivered
- Guided sequential margin expansion → delivered 15.7% (+50bps QoQ) (= BEAT)
- Guided sequential revenue growth → delivered 1.5% QoQ CC (= BEAT)
- Guided SWC divestment classification → delivered discontinued operations accounting (= BEAT)
Partly delivered
- Guided average $200M TCV wins → delivered nearly $100M in Q1 (= PARTIAL)
Earnings Call filed with BSE, NSE: LTTS. Summary written with AI assistance from the document.
L&T Technology Services Ltd: key numbers
- Share price
- ₹3,206.10
- Market cap
- ₹34,012 Cr
- Revenue (annual)
- ₹10,996 Cr
- Net profit (annual)
- ₹1,279 Cr
- P/E (TTM)
- 25.8×Sector 22.1×
- Promoter holding
- 73.52%-0.05% QoQ
- FII holding
- 4.13%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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