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L&T Technology Services Q4 Results Review: IDBI Capital Maintains 'Buy' On Innovation Led Growth
Despite near-term margin pressure from tariffs and macro challenges, L&T Tech is poised for recovery, with an anticipated margin improvement to mid ~16% by Q4 FY27–Q1 FY28, says IDBI Capital
25 Apr 2025, 11:04 AM IST 
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L&T Tech's sequential revenue growth was led by tech (+27.9% QoQ) and sustainability (1.9% QoQ) segments.
(Photo source: L&T Technology Services Ltd. website)
L&T Tech aims to achieve 22%, 30%, and 16% margins in mobility, sustainability, and tech respectively. Company aspires to improve offshore mix to 60% in the medium term to improve margins. Management also aspires to improve margins in 16% levels by Q4 FY27 to Q1 FY28 driven by operational efficiency, synergy benefits, higher offshore revenue mix and improved fixed price contracts.
