LTTS Records Strong Deal Wins in Q1, Diversifies Portfolio

L&T Technology Services (LTTS) reported a healthy revenue growth for Q1 FY26, clocking ₹2,866 crore, a 16.4% year-on-year (YoY) increase. In dollar terms, the revenue stood at approximately ₹2,799.75 crore, up 13.6% YoY, signalling consistent growth momentum.

However, despite the topline growth, profitability improved slightly. EBIT margin slipped to 13.3%, down from 15.6% in Q1FY25, indicating cost pressures or changes in revenue mix. Net profit for the quarter came in at ₹315.7 crore, growing just 0.7% YoY, suggesting limited bottom-line expansion amid rising operational intensity.

In comparison, the same quarter last year reported revenue of ₹2,461.9 crore and a net profit of ₹313.6 crore, indicating that while LTTS has accelerated its revenue momentum, margin protection remained a challenge.

The Q1 performance also underlined LTTS’s continued strength in large deal wins. The company secured multiple strategic engagements, including a $50 million deal, three in the $20–30 million range, and six valued at over $10 million. 

“We commenced the fiscal year with strong momentum in large deals, continuing the trend from the previous quarters with both Europe and US geographies growing on a sequential basis,” Amit Chadha, CEO and MD of LTTS, said in the statement. “Our multi-segment diversification strategy has proven resilient, with the Sustainability segment achieving double-digit annual growth.” 

Meanwhile, he added that the company’s 'Go Deeper to Scale' approach, and investments in advanced technologies are strengthening client relationships, besides driving robust large deals. 


“With AI and automation advancing rapidly, client engagements and deal wins are increasing, making AI central to our conversations and programs,” he added. 

Mentioning that the company’s engineers have deployed multiple programs for clients in AI and have filed 206 patents in this domain, Chadha informed that they are launching PLxAI, a proprietary AI framework to accelerate product development lifecycle for global clients. 

To cater to the increasing demand in specific areas, the company has opened a new design centre in Plano, Texas. The centre specialises in advanced technologies, cybersecurity, and AI, he said. 

“Backed by an increased order book and a focus on resilience and profitable growth, we expect to clock double-digit growth in FY26 and maintain our medium-term outlook of $2 billion revenue,” Chadha said. 

At the end of Q1, LTTS’s patent portfolio stood at 1,550, out of which 952 were co-authored with clients, and the rest were filed by the company.

Its employee strength stood at 23,626 at the end of the first quarter.