We are building a stronger H2 driven deals & sustainability

L&T Technology Services (LTTS) posted a muted first quarter earnings with revenues declining to ₹2,866 crore (down 3.9% QoQ) while profit rose 1.5% to ₹316 crore.

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Despite the slow start, the company remains bullish about a stronger second half, on the back of a robust large deal pipeline, expansion in high-margin sustainability offerings and growing demand in AI-led engineering.

CEO & MD Amit Chadha tells Ojasvi Gupta how the firm is managing near-term challenges while staying focused on its $2 billion revenue goal.

Your Q1 revenue fell while profits grew marginally. What caused the topline dip and how are you addressing it?

This quarter, we saw softness in our mobility segment and seasonal weakness in our smart world business. Despite that, our multi-vertical strategy helped maintain resilience. Sustainability, now our most profitable segment, crossed a $100 million quarterly milestone, growing 16.4% YoY and over 4% sequentially. That momentum, combined with steady growth in North America and Europe, gives us confidence. We are deepening investments in AI, digital engineering, and green innovation, all of which should translate into stronger performance in the coming quarters.

You have indicated optimism for a better H2. What's driving that confidence?