India's L&T Technology misses quarterly revenue estimates, targets double-digit FY26 growth
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 16 2025
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Source: Reuters
Revenue Growth Expectations: L&T Technology Services anticipates double-digit revenue growth for fiscal year 2026, aiming for a medium-term revenue target of $2 billion, despite reporting first-quarter revenue below analyst expectations due to challenges in the global auto sector.
Impact of Market Conditions: The company's mobility segment, which constitutes about 30% of its total revenue, experienced a decline, reflecting broader market slowdowns as clients reassess spending amid issues like U.S. tariffs and sluggish EV adoption.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
