Mumbai, October 19, 2026: L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a worldwide provider of Engineering Intelligence Solutions and ER&D Consulting Services, has published its financial performance for the second quarter that concluded on September 30, 2026.
Highlights for Q2FY27 include:
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Revenue reached ₹30,404 million, marking a 3.4% increase quarter-on-quarter and a 12.1% rise year-on-year.
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USD Revenue stood at $317 million, representing growth of 2.7% sequentially and 4.8% annually in constant currency terms.
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EBIT margin registered at 16.3%, showing a 60 basis points improvement from the previous quarter.
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Net Income totaled ₹5,482 million, up 53.7% QoQ and 66.8% YoY (incorporating a one-time gain of INR 1,650 million stemming from the disinvestment of the SWC business).
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An interim dividend of ₹20 per share has been declared, with October 27, 2026, set as the record date.
During the second quarter, LTTS secured large deal total contract value (TCV) wins exceeding USD 200 million, with artificial intelligence-related agreements representing over half of that total. Notable wins consisted of one USD 75 million contract, one USD 30+ million contract, one USD 25 million contract, alongside six individual contracts valued at USD 10 million or more.
“With our investments in Engineering Intelligence (EI) and diversified portfolio, we are able to address a broader market with our customers resulting in accelerated sequential growth across revenue, profitability, large deals and AI revenue. Revenue grew 2.7% QoQ in constant currency and EBIT margin improved 60 bps QoQ to 16.3%.
Sustainability continued to grow and delivered its strongest growth this quarter, Mobility sustained its growth momentum and Tech remained steady, with gross margins improving across all segments.
EIOne, our EI platform of 100+ solutions across Engineering, Products, Manufacturing & Operations, coupled with our AI ecosystem partnerships with leading AI & Hyperscaler companies is gaining client traction. We launched an EI Lab, in partnership with NVIDIA, to build and deliver next-generation Physical AI-native applications across manufacturing, robotics and supply chain. AI patent filings have exceeded 250, while our overall patent portfolio has surpassed 1,800 filings.
With our order backlog and pipeline both improving year on year and several large deals in play, we expect revenue momentum to strengthen further in H2 while sustaining healthy EBIT margins. This progress supports our long-term aspiration of 13-15% revenue CAGR with EBIT margins in the 16-17% range over the next five years,” stated Amit Chadha, CEO & Managing Director, L&T Technology Services.
Highlights and Recognitions:
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Secured the Gold Award for Industrial Engineering and Automation R&D at the CII Awards for Excellence in R&D 2026.
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Acknowledged as a Leader within Everest Group’s Product Lifecycle Management (PLM) Services PEAK Matrix® Assessment 2026.
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LTTS’ PLxAI solution triumphed at the nasscom AI Gamechangers Award 2026 inside the Manufacturing category.
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Celebrated during the 7th Edition of the ET Edge Best Tech Brands Awards 2026.
Patents
As the second quarter of fiscal year 2027 drew to a close, the patent portfolio belonging to L&T Technology Services reached 1,808. Out of this total, 1,085 patents were co-authored alongside clients, while the remainder were filed independently by LTTS.
Human Resources
The headcount of employees at LTTS stood at 24,035 by the end of Q2 FY27.
About L&T Technology Services Ltd
L&T Technology Services (LTTS) functions as a global leader specializing in Engineering Intelligence Solutions and ER&D Consulting Services. Operating as a listed subsidiary of Larsen & Toubro (L&T), the enterprise provides design, development, testing, and sustenance solutions spanning diverse products and processes. Purposeful. Agile. Innovation. forms the foundation for driving expansion across Mobility, Sustainability, and Tech sectors. The clientele features 69 Fortune 500 companies and 57 leading ER&D enterprises operating within industrial products, medical devices, transportation, telecom & hi-tech, and process industries. Maintaining its headquarters in India, the organization manages 24,035 personnel distributed across 21 global design centers, 31 global sales offices, and 111 innovation labs as of September 30, 2026.
For additional information about L&T Technology Services log on to https://www.ltts.com/.
