L&T Technology Services Limited announced robust financial results for the second quarter of FY27. Revenue grew 12.1% YoY to ₹30,404 million, while Net Income surged 66.8% YoY to ₹5,482 million. The company also declared an interim dividend of ₹20 per share. Key drivers included strong performance in Engineering Intelligence solutions and significant large deal wins.
L&T Technology Services Reports Strong Q2 FY27 Performance
L&T Technology Services Limited (LTTS) has announced its financial results for the second quarter ended September 30, 2026, demonstrating significant growth in both revenue and profitability.
Financial Highlights for Q2 FY27
Revenue Growth
The company reported a total revenue of ₹30,404 million for the quarter, marking a 3.4% increase quarter-on-quarter (QoQ) and a substantial 12.1% growth year-on-year (YoY). In USD terms, revenue stood at $317.1 million, showing a 2.3% QoQ and 3.3% YoY growth. In constant currency, USD revenue grew by 2.7% QoQ and 4.8% YoY.
Profitability Surge
Earnings Before Interest and Taxes (EBIT) reached ₹4,966 million, up 7.6% QoQ and 29.8% YoY, with an EBIT margin of 16.3%. Net Income experienced an exceptional increase, growing 53.7% QoQ and 66.8% YoY to ₹5,482 million. This includes a one-time gain of ₹1,650 million from the disinvestment of the SWC business. The Net Income margin stood at a strong 18.0%.
Capital Return
In line with its commitment to shareholder value, LTTS declared an interim dividend of ₹20 per share. The record date for this dividend is set for October 27, 2026.
Key Operational Achievements
Large Deal Wins
The company recorded significant large deal wins totaling over USD 200 million in the quarter, with Al-related deals accounting for more than 50% of the total. Notable wins included deals of USD 75 Mn, USD 30+ Mn, USD 25 Mn, and six deals of USD 10+ Mn, highlighting robust demand for its Engineering Intelligence solutions.
ElOne Platform Traction
LTTS’ ElOne platform, featuring over 100 solutions, continues to gain client traction, supported by partnerships with industry leaders such as NVIDIA. The company also launched a new El Lab with NVIDIA to accelerate next-generation Physical AI-native applications. Annualized El-led revenue reached USD 120 million.
Patents and Human Resources
The patent portfolio expanded to 1,808 filings, with 1,085 co-authored with clients. Employee strength stood at 24,035 at the end of the quarter.
CEO’s Outlook
Amit Chadha, CEO & Managing Director, expressed optimism about the company’s trajectory. He highlighted the accelerated sequential growth driven by investments in Engineering Intelligence and a diversified portfolio. The company expects revenue momentum to strengthen in H2 FY27 while sustaining healthy EBIT margins, aiming for a 13-15% revenue CAGR with 16-17% EBIT margins over the next five years.
Source: BSE
