Analysts/Institutional Investor Meet/Con. Call Updates

L&T Technology Services Limited A.M. Naik Tower,6th Floor, L&T Campus, Gate No.3, Jogeshwari-Vikhroli Link Road, Powai, Mumbai-400072. www.ltts.com July 20, 2026 National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Bandra-Kurla Complex Dalal Street, Bandra (East), Mumbai – 400051 Mumbai- 400001 NSE Symbol: LTTS BSE Scrip Code: 540115 Dear Sir/Madam, Subject: Transcript of Q1 FY27 Earnings Conference Call held on July 14, 2026 Pursuant to Regulation 30 and 46 read with Clause 15 of Para A of Part A of Schedule III of the SEBI (Listing obligations and Disclosure Requirements) Regulations, 2015, we enclose herewith the transcript of Q1 FY27 Earnings Conference Call organized by the Company on July 14, 2026. The above information is also available on the website of the Company at https://www.ltts.com/investors/financial-information. Kindly take the above information on record. Thanking You, Yours sincerely, For L&T Technology Services Limited Prasad Shanbhag Company Secretary & Compliance Officer (M. No. A 30254) Encl: As above Registered Office: L&T House, N. M. Marg, Ballard Estate, Mumbai - 400 001. INDIA CIN: L72900MH2012PLC232169 Tel: +91 22 6892 5257 Fax: +91 2267525858 L&T Technology Services is a subsidiary of Larsen & Toubro Limited L&T Technology Services Q1 FY27 Earnings Conference Call Transcript For the Earnings Call held on July 14, 2026, 20:00hrs IST MANAGEMENT: MR. AMIT CHADHA – CEO & MD, MR. ALIND SAXENA – EXECUTIVE DIRECTOR & PRESIDENT, MR. RAJEEV GUPTA – EXECUTIVE DIRECTOR & CFO, MR. MUNJAY SINGH – CHIEF OPERATING OFFICER, MR. SANDESH NAIK – HEAD, INVESTOR RELATIONS Q1FY27 Earnings Call July 14, 2026 Disclaimer: Certain statements in this release concerning our future growth prospects are forward-looking statements, which involve number of risks, and uncertainties that could cause our actual results to differ materially from those in such forward-looking statements. L&T Technology Services Limited (LTTS) does not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf. Moderator: Ladies and gentlemen, good day, and welcome to the Q1FY27 Conference Call of L&T Technology Services Limited. As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference, please signal an operator by pressing “*” then “0” on your touch-tone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Sandesh Naik, Head of Investor Relations. Thank you, and over to you, sir. Sandesh Naik: Thank you, Dorwin. Good evening. I'm Sandesh and welcome you all to the earnings call of L&T Technology Services for the first quarter of FY27. Our “Financial Results, Investor Release and Press Release” have been filed on the stock exchanges and are also available on our website, www.ltts.com I hope you had a chance to go through them. This call is for 60 minutes. We will try to wrap up the management remarks in 20 minutes and then open up for Q&A. The audio recording of this call will be available on our website approximately 1 hour after the call ends. With that, let me introduce the leadership team present on this call. We have with us Amit Chadha – CEO and MD; Alind Saxena – Executive Director and President; Rajeev Gupta – Executive Director and CFO; and Munjay Singh – Chief Operating Officer. We will have Amit providing an overview of the company's performance and outlook with Alind sharing perspectives across our business segments. Rajeev will then walk you through the financial performance. With that, I now invite Amit to start his opening remarks. Amit Chadha: Thank you, Sandesh. Amit Chadha: Thank you all for joining us on the call today. The strategic actions initiated under our Lakshya 31 plan and continued investments across our Six Technology Bets are now delivering tangible business outcomes reflected in the healthy quarterly growth and continued margin improvement. Now for the key highlights for our Q1 performance: • Revenue came in at $ 310 Mn, growing 1.5% sequentially and 1.9% YoY on a constant currency basis Page 2 of 20 Q1FY27 Earnings Call July 14, 2026 • Mobility segment showed encouraging signs of recovery in a dynamic macro environment, recording a 2.3% sequential growth • Our most profitable segment, Sustainability, continued the growth journey at 4.3% QoQ and 11.3% YoY, continuing with its double-digit growth driven by continued deal wins and ramp-ups • North America, our major market continued to grow sequentially along with ROW and India, while Europe demonstrated slight moderation during the quarter • The enhanced growth profile, coupled with operational discipline and actions taken, contributed to a continued EBIT margin expansion to 15.7%, up 50 bps QoQ and 200 bps YoY • Our Engineering Intelligence solutions, which I'm personally very proud of, are opening up more strategic client conversations and translating into a healthy pipeline of large opportunities • In Q1, we recorded large deal TCV wins of nearly $100 Mn, with a few large deal wins that were supposed to close in Q1 having moved to early part of Q2 right now • We are confident of closing even larger engagements in the coming quarters • Further strengthening our Engineering Intelligence portfolio, we just announced a strategic partnership with Anthropic to integrate Claude models across engineering processes and LTTS' AI-powered platforms like AgenticIQ, PlxAI and others In Q1, we achieved several milestones across our Technology and Innovation Charter: • One, we inaugurated, Europe's first Engineering Intelligence Center in Munich, strengthening our ability to support AI-led engineering and manufacturing transformation globally • Two, through our consultative engagements, we are helping clients assess their AI maturity and shape future AI road map, supported by an AI Readiness Index developed by MIT Media Labs • Third, Ainfonix, our latest Engineering Intelligence platform, was launched to help the process industry clients unlock insights from engineering data. • Finally, our innovation momentum remains strong. AI patents now stand at 244, taking the total patent count to 1,757 With that said, I would request Alind to provide a detailed segment performance outlook and review. Alind, over to you. Page 3 of 20 Q1FY27 Earnings Call July 14, 2026 Alind Saxena: Thank you, Amit. Alind Saxena: First of all, good morning, good afternoon and a good evening to wherever you are. I appreciate all of you joining us today. I will now walk you through the segment-wise performance and outlook. Mobility: • Mobility delivered 2.3% sequential growth. This was broad-based, led by Aerospace & Rail and Trucks and Off-Highway • In North America, the business is seeing good traction and growth o With increase in new vehicle launch plans by OEMs, we are participating in their next-gen vehicle architecture programs o We also continue to expand into newer areas such as autonomous mobility and advanced transportation platforms • While Europe remains challenging, we believe that LTTS is well positioned to benefit from vendor consolidation and engineering outsourcing opportunities in that area • In Japan, OEMs are increasingly looking to leverage India for engineering, product localization, and supply chain optimization, where we continue to expand our presence • Across the industry, customers remain focused on reducing vehicle development timelines and cost • With improvement in our client engagements, substantial investments in SDV platform and leadership in EV solutions, our Engineering Intelligence capabilities are helping improve engineering productivity and speed to market for all our subsegments in Mobility o A leading Aerospace technology provider selected LTTS to establish engineering capability for next-gener [Showing first 8,000 characters — download PDF for full document]