L&T Technology Services (LTTS) reported a 16% year-over-year revenue growth in Q2FY26. The company achieved a record high large deal TCV of approximately USD 300 million. Q2 revenue reached ₹2,980 crore, reflecting a 4.0% quarter-over-quarter increase. Net profit for the quarter stood at ₹329 crore, also up by 4.1% sequentially. The company maintains a positive outlook with a focus on resilient and profitable growth.
Financial Performance Highlights
In Q2FY26 (July-September), L&T Technology Services demonstrated strong financial performance:
- Revenue: ₹29,795 million, up 15.8% year-over-year and 4.0% quarter-over-quarter.
- USD Revenue: $337.1 million, reflecting a 10.4% year-over-year growth and 1.3% quarter-over-quarter in constant currency terms.
- EBIT margin: 13.4%.
- Net profit: ₹3,287 million, a 2.8% year-over-year and 4.1% quarter-over-quarter increase.
- The board declared an interim dividend of ₹18 per share, with a record date of October 27, 2025.
Key Strategic Developments
LTTS emphasized its ‘Go Deeper to Scale’ strategy, noting double-digit annual growth in its Sustainability segment for two consecutive quarters. Key platforms and solutions launched include Qguard.ai, FusionWorld.ai, PLxAI, AiNexus, GENIQ, and TrackEi™™. The company is also deepening its AI-related partnerships with companies like SiMa.ai and NVIDIA, as well as institutions like the MIT Media Lab.
Deal Wins and Project Updates
LTTS secured several multi-million dollar deals across its business segments:
- A $100 million multi-year agreement in the Sustainability segment with a U.S.-based industrial equipment manufacturer.
- A ~$60 million multi-year program in the Tech segment with a U.S. provider of wireless telecommunications services.
- A contract to establish an Offshore Development Center (ODC) with a global leader in lifting and material-handling solutions.
Recognitions and Patents
LTTS’s patent filings have surpassed 1,600, including 216 patents in AI/Gen AI. The company also expanded its collaboration with the MIT Media Lab and was certified during Caterpillar’s 2025 Supplier Excellence Recognition (SER) event.
Source: BSE