L&T Technology Services (LTTS) announced a 16% YoY growth in Q2FY26, with revenue at ₹2,980 crore, up 4.0% QoQ, and net profit at ₹329 crore, up 4.1% QoQ. The company achieved a record high large deal TCV of approximately USD 300 Mn. An interim dividend of ₹18 per share was declared, with a record date of October 27, 2025.
Key Financial Highlights
L&T Technology Services (LTTS) reported the following key financial results for Q2 FY26:
- Revenue: ₹29,795 million, a growth of 15.8% YoY and 4.0% QoQ.
- USD Revenue: $337 million, a growth of 10.4% YoY and 1.3% QoQ in constant currency.
- EBIT margin: 13.4%.
- Net profit: ₹3,287 million, a growth of 2.8% YoY and 4.1% QoQ.
- Interim Dividend: ₹18 per share, with a record date of October 27, 2025.
Strategic Wins and Initiatives
LTTS achieved a record high large deal TCV of approximately USD 300 Mn during the quarter. This reflects strong client confidence in the company’s next-generation offerings. The company’s ‘Go Deeper to Scale’ strategy has helped drive growth, with the Sustainability segment achieving double-digit annual growth for two consecutive quarters. LTTS continues to focus on building an AI-first delivery model, investing in Gen AI, Agentic AI, and Physical AI.
Business Highlights
LTTS announced a multi-year membership agreement with the MIT Media Lab. LTTS was also recertified during Caterpillar’s 2025 Supplier Excellence Recognition (SER) event. Furthermore, it was recognized as a Leader by ISG in U.S. for Medical Device Digital Services 2025 and Automotive and Mobility Services and Solutions.
Patents and Human Resources
The patents portfolio of LTTS reached 1601, with 978 co-authored with clients. The employee strength stood at 23,678 at the end of Q2FY26.
Key Deal Wins
- Signed a $100 million multi-year agreement within its Sustainability segment.
- Awarded a ~$60 million multi-year program in the Tech segment.
Source: BSE