Revenue from operations rose 16% YoY to Rs 2,866 crore from Rs 2,462 crore in Q1FY25. However, revenue declined 4% sequentially from Rs 2,982 crore in the March quarter. Profit after tax (PAT) was up 1.5% quarter-on-quarter from Rs 311 crore in Q4FY25.
Dollar revenue for the quarter stood at $335.3 million, down 2.9% QoQ but up 13.6% YoY. In constant currency terms, revenue declined 4.2% QoQ and increased 12.8% YoY. EBIT stood at Rs 381 crore with an EBIT margin of 13.3%.
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Management commentary
Commenting on the company’s earnings, CEO & Managing Director Amit Chadha said that LTTS exceeded $200 million in large deals TCV for the third straight quarter, continuing its deal momentum in Q1 with one $50 million win, three deals in $20-30 million range, and six over $10 million deals.
“In this dynamic macro environment, our multi-segment diversification strategy has proven resilient, with the Sustainability segment achieving double-digit annual growth. The ‘Go Deeper to Scale’ strategy and investments in new age technologies are leading to stronger partnerships with clients and a robust TCV booking,” Chadha said.
Chadha said that the company is launching PLxAI, its proprietary AI framework, which accelerates the product development lifecycle for global clients. “PLxAI combines smart prompting, contextual intelligence, and agentic workflows to significantly reduce product lifecycle. PLxAI was originally incubated in the Mobility segment, but has now been scaled and propagated to other segments using our multi-vertical cross-pollination approach,” he informed.
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Guidance
Backed by an increased order book and a focus on resilience and profitable growth, the company expects to clock double-digit growth in FY26 and maintains its medium-term outlook of $2 billion revenue,” said Chadha.
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