L&T Technology Services Q2 FY27 Results
L&T Technology Services Limited (BSE: 540115, NSE: LTTS) reported revenue of INR 30,404 million for the quarter ended 30 September 2026, representing a 12.1% increase year‑on‑year and a 3.4% rise quarter‑on‑quarter. In constant‑currency terms, USD revenue reached $317 million, up 4.8% YoY and 2.7% QoQ. The company’s EBIT margin expanded to 16.3%, an improvement of 60 basis points from the prior quarter. Net income climbed to INR 5,482 million, a 66.8% YoY increase and 53.7% QoQ growth, which includes a one‑time gain of INR 1,650 million from the disinvestment of the SWC business. An interim dividend of INR 20 per share was declared, with the record date set for 27 October 2026.
The quarter saw large deal wins totaling over $200 million in total contract value, with AI‑related contracts accounting for more than half of this amount. Notable wins included a $75 million deal, a $30‑plus million deal, a $25 million deal and six contracts each exceeding $10 million. The company highlighted its Engineering Intelligence (EI) platform, EIOne, comprising 100+ solutions, and announced the launch of an EI Lab in partnership with NVIDIA to develop Physical AI‑native applications for manufacturing, robotics and supply‑chain.
AI innovation continued, with AI‑related patent filings surpassing 250 and the overall patent portfolio reaching 1,808 filings, of which 1,085 were co‑authored with clients. At quarter‑end, employee strength stood at 24,035 across 21 global design centres, 31 sales offices and 111 innovation labs. The firm received several recognitions: Gold Award for Industrial Engineering and Automation R&D at the CII Awards for Excellence in R&D 2026, Leader status in Everest Group’s PLM Services PEAK Matrix® Assessment 2026, the nasscom AI Gamechangers Award 2026 for its PLxAI solution in Manufacturing, and an honour at the 7th ET Edge Best Tech Brands Awards 2026.
Management, led by CEO and Managing Director Amit Chadha, reiterated the ambition to achieve 13‑15% revenue CAGR and maintain EBIT margins in the 16‑17% range over the next five years, citing the improving order backlog, pipeline strength and the momentum from AI‑driven deals as drivers for the second half of FY27.