New Delhi, July 15 -- L&T Technology Services (LTTS) began the fiscal year on a decent note with Q1FY27 results showing the benefits of portfolio restructuring and steady execution. The stock surged nearly 9% on Wednesday.

Sequential constant currency revenue grew 1.5%, led by the sustainability segment. The vertical clocked 4.3% sequential revenue growth, aided by ramp-up of previously won deals in plant engineering and industrial products. LTTS expects the segment to clock double-digit year-on-year growth in FY27.

Despite oil price volatility and geopolitical tensions, customers in this business have not pulled back on IT spends, though there are small execution delays, the management said.

The mobility segment (up 2.3% sequentially)...