L&T Technology Services reports mixed Q1 results
L&T Technology Services reported Q1 FY26 revenue up 13.6% year-on-year in US dollar terms, though quarterly revenue declined 2.9% due to Smart World seasonality.
The company secured over $200m in large deal total contract value for the third consecutive quarter, including one $50m deal. EBIT margin stood at 13.3%.
The Sustainability segment grew 16.4% year-on-year, crossing the $100m quarterly milestone. Mobility experienced muted performance with program pauses and delays.
The company targets $2bn in annual revenue.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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