L&T Technology Services Q1 Results FY27: PAT Rises 13% to Rs 357 Crore as Revenue Grows 11.47%
- July 15, 2026
- Posted by: Ankit Jaiswal
- Category: News
LTTS Q1 FY27: PAT Rs 357 Cr, up 13% YoY. Revenue Rs 2,940 Cr, up 11.47%. EBIT margin 15.7%, EBITDA margin 18.7%. Stock nearly flat at Rs 3,293.10 on 14 July 2026.
L&T Technology Services Q1 results FY27 were announced on Tuesday, 14 July 2026, with the Larsen & Toubro promoted engineering research and development services company reporting a consolidated net profit of Rs 357 crore, up 13% from Rs 316 crore in the year ago quarter. Revenue in the L&T Technology Services Q1 results FY27 grew 11.47% year on year to Rs 2,940 crore from Rs 2,638 crore, with growth led by a return to form in the Mobility segment and continued double digit growth in Sustainability.
Shares of L&T Technology Services were nearly flat, slipping just 0.14% to close at Rs 3,293.10, leaving the stock near the lower end of its 52 week range even after a quarter that beat on both revenue and margin expansion.
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L&T Technology Services Q1 results FY27 Financial Highlights
The June quarter delivered double digit revenue growth alongside meaningful margin expansion, a combination central to the L&T Technology Services Q1 results FY27. The table below summarises the consolidated numbers against the year ago quarter.
| Metric | Q1 FY27 | Q1 FY26 | YoY Change |
|---|---|---|---|
| Revenue | Rs 2,940 Cr | Rs 2,638 Cr | +11.47% |
| EBIT Margin | 15.7% | 13.7% | +200 bps |
| EBITDA Margin | 18.7% | 16.7% | +200 bps |
| Net Profit (PAT) | Rs 357 Cr | Rs 316 Cr | +13% |
On a dollar basis, revenue in the L&T Technology Services Q1 results FY27 came in at 309.9 million dollars, with constant currency growth of just 1.9%, meaning a meaningful part of the headline rupee growth reflects currency tailwinds rather than pure underlying business expansion.
L&T Technology Services Q1 results FY27 Performance Analysis
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The standout feature of the L&T Technology Services Q1 results FY27 is margin expansion of 200 basis points at both the EBIT and EBITDA level, with management attributing roughly 80 basis points of the gain to cost optimisation and the remainder to improved performance across the Mobility and Sustainability business segments.
The Mobility segment returned to growth during the quarter after a period of softness, while Sustainability maintained double digit annual growth, together forming the two pillars of this quarter’s performance. The Tech segment remained comparatively stable.
Constant currency growth of just 1.9% in the L&T Technology Services Q1 results FY27, well below the 11.47% reported rupee growth, highlights how much of the headline number benefited from currency movements. Investors should weight the underlying constant currency trend more heavily when assessing the durability of this quarter’s growth.
L&T Technology Services Q1 results FY27: Key Business Factors
1. Mobility Segment Recovery
After a period of relative softness, the Mobility segment returned to growth during the quarter, a meaningful contributor to the overall performance captured in the L&T Technology Services Q1 results FY27.
2. Sustained Sustainability Segment Momentum
The Sustainability segment maintained double digit annual growth, continuing to be one of the company’s most consistent performing verticals across recent quarters.
3. AI-Led Engineering Intelligence Push
The company announced a partnership with Anthropic to integrate Claude models into its engineering processes and AI-powered platforms, part of a broader Engineering Intelligence strategy that management says is driving larger deal opportunities and deeper client engagements.
Dividend Details
No dividend, buyback or bonus issue was announced along with the L&T Technology Services Q1 results FY27. The company has a history of raising its dividend for five consecutive years, and investors should watch for the next declaration at future board meetings.
L&T Technology Services Q1 results FY27 Outlook for the Full Year
Management’s Engineering Intelligence strategy and the new Anthropic partnership are aimed at deepening client engagements and winning larger deals over time. Investors should track constant currency growth trends, given the gap between reported and constant currency growth this quarter, along with continued momentum in the Mobility and Sustainability segments through the rest of FY27.
L&T Technology Services Stock Performance After the Q1 Results
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L&T Technology Services share price was little changed, slipping 0.14% to close at Rs 3,293.10 on the NSE after the L&T Technology Services Q1 results FY27, leaving the stock near the lower end of its 52 week range.
Ahead of results, brokerage Morgan Stanley had trimmed its price target on the stock to Rs 3,460, and the muted post-results reaction suggests the market had largely priced in a solid but unspectacular quarter rather than a major beat or miss.
Key Risks
Investors going through the fine print of the L&T Technology Services Q1 results FY27 should also weigh the following risks.
1. Currency-Dependent Reported Growth
With constant currency growth of just 1.9% against reported growth of 11.47% in the L&T Technology Services Q1 results FY27, a stronger rupee in future quarters could significantly dampen headline revenue growth even if underlying demand holds steady.
2. Segment Concentration in Mobility and Auto
A meaningful part of the L&T Technology Services Q1 results FY27 depends on the automotive and mobility sector, which has faced demand softness in parts of Europe, and continued weakness there could offset gains elsewhere.
3. AI-Led Pricing Pressure
As with the broader IT and engineering services sector, clients increasingly expect AI-driven productivity gains to translate into lower billing, a structural risk to the traditional revenue model.
Conclusion
L&T Technology Services Q1 results FY27 show PAT up 13% to Rs 357 crore and revenue up 11.47% to Rs 2,940 crore, with EBIT and EBITDA margins both expanding 200 basis points, even as the stock stayed nearly flat on results day. Margin expansion and the Mobility segment recovery are the highlights of the L&T Technology Services Q1 results FY27, against a wide gap between reported and constant currency growth. Investors should track underlying demand trends and consult a SEBI-registered advisor before acting on the numbers.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on L&T Technology Services Q1 results FY27
When were the L&T Technology Services Q1 results FY27 announced?
Ans. The L&T Technology Services Q1 results FY27 were announced on Tuesday, 14 July 2026, for the quarter ended 30 June 2026, with an earnings call held the same evening at 8:00 PM IST.
What is the PAT in L&T Technology Services Q1 results FY27?
Ans. The PAT in L&T Technology Services Q1 results FY27 stood at Rs 357 crore, up 13% from Rs 316 crore in Q1 FY26.
What was the revenue in L&T Technology Services Q1 results FY27?
Ans. Revenue in the L&T Technology Services Q1 results FY27 rose 11.47% year on year to Rs 2,940 crore from Rs 2,638 crore, though constant currency growth was a much more modest 1.9%.
What is the EBIT margin in L&T Technology Services Q1 results FY27?
Ans. EBIT margin in the L&T Technology Services Q1 results FY27 improved 200 basis points year on year to 15.7%, while EBITDA margin similarly expanded 200 basis points to 18.7%.
How did L&T Technology Services share price react to the Q1 results FY27?
Ans. L&T Technology Services share price was nearly flat, slipping 0.14% to close at Rs 3,293.10 on the NSE after the L&T Technology Services Q1 results FY27.
What AI partnership did LTTS announce with its Q1 results FY27?
Ans. Alongside the L&T Technology Services Q1 results FY27, the company announced a partnership with Anthropic to integrate Claude models into its engineering processes as part of its Engineering Intelligence strategy.
Is L&T Technology Services a good buy after the Q1 results FY27?
Ans. The L&T Technology Services Q1 results FY27 show solid margin expansion and revenue growth, though constant currency growth remains modest and the stock trades near its 52 week low. This article is for educational purposes only. Consult a SEBI-registered advisor before investing.
