L&T Technology Services earnings calls.

L&T Technology Services delivered a solid Q1 FY27 with revenue of ₹2,940Current reported value: 2,940. No comparable prior figure is available in the source record. crore (up 11.5Current 11.5 crore vs previous available quarter 10.2 crore.% YoY) and PAT of ₹352 crore (up 17.4Current reported value: 17.4. No comparable prior figure is available in the source record.% YoY), driven by strong performance in Sustainability (11.3% YoY) and Mobility (2.3% QoQ). EBIT margin expanded 200bps YoY to 15.7%Current 15.7%. Reported change: +200bps YoY., reflecting operational discipline and favorable portfolio mix toward higher-margin segments. Management reaffirmed its 13-15% revenue CAGR aspiration over 5 years while targeting 16-17% EBIT margins, with sequential margin improvement expected through Q4 FY27 (mid-16% target). The strategic pivot to Engineering Intelligence is gaining traction with a new Anthropic partnership for Claude models, an inaugural Munich EI center, and large deal wins of ~$100 million (with some moving to early Q2). Tech segment underperformed due to a planned program conclusion and delayed start, but recovery is expected from Q2. Key risks include persistent macro headwinds in Europe, extended decision-making cycles for certain deals, and currency volatility impacting other income.