L&T Technology Services Limited (LTTS), a leading global engineering services company, has announced significant leadership changes and impressive financial results for the second quarter of fiscal year 2026.

Executive Appointments

LTTS has designated three seasoned professionals as Senior Management Personnel, effective October 17, 2025:

1. Atul Kapur - Chief Segment Officer for Media and Technology
2. Aditya P Pathak - Chief Segment Officer for Mobility
3. Rupam Chaudhury - Global Business Unit Head for Medical & Life Sciences

These appointments aim to strengthen LTTS's leadership across key segments and drive the next phase of growth.

Q2 FY26 Financial Highlights

LTTS reported robust financial performance for the quarter ended September 30, 2025:

The company achieved a record-high large deal Total Contract Value (TCV) of nearly $300 million in the quarter, reflecting strong client confidence in LTTS's next-generation offerings.

Segment Performance

• Sustainability segment: Grew 3.00% sequentially and 12.60% annually
• Tech segment: Remained resilient
• Mobility segment: Faced some challenges with a 1.40% sequential decline

Strategic Initiatives

LTTS is focusing on an AI-first delivery model, investing in Gen AI, Agentic AI, and Physical AI. The company has launched several AI-driven platforms and solutions, including Qguard.ai, FusionWorld.ai, PLxAI, AiNexus, GENIQ, and TrackEi™.

Partnerships and Recognition

• Multi-year membership agreement with MIT Media Lab for AI-led innovations
• Certified during Caterpillar's 2025 Supplier Excellence Recognition (SER) event
• Rated as Leaders by ISG in the US for Medical Device Digital Services and Automotive and Mobility Services and Solutions

Dividend Declaration

The Board of Directors has declared an interim dividend of ₹18.00 per equity share, with a record date of October 27, 2025.

Management Commentary

Amit Chadha, CEO & Managing Director of LTTS, stated, "Our strong momentum of large deal wins continued as we touched a record high TCV of near-USD 300 Mn in the quarter. In the face of shifting market dynamics and geopolitical unpredictability, our 'Go Deeper to Scale' and multi-segment strategy is helping us grow."

He added, "With an increased order book and a sharp focus on resilient and profitable growth, we expect both revenue and EBIT margins to see an improvement in H2 compared to H1 of FY26. We aspire for a double-digit growth in FY26 and reiterate our medium-term outlook of USD 2 Bn revenue."

LTTS continues to strengthen its position in the engineering services sector through strategic appointments, technological advancements, and robust financial performance, setting the stage for sustained growth in the coming quarters.

L&T Technology Services Limited (LTTS), a leading pure-play engineering services company, has announced robust financial results for the second quarter of fiscal year 2026, demonstrating solid growth across key metrics.

Financial Highlights

LTTS reported a consolidated revenue of ₹2,980.00 crore for Q2 FY26, marking a 15.8% year-on-year increase and a 4.0% sequential growth. The company's net profit stood at ₹329.00 crore, up 2.8% year-on-year and 4.1% quarter-on-quarter.

Segment Performance

LTTS operates through three main segments:

1. Tech: Contributed ₹1,174.00 crore (39.4% of revenue)
2. Sustainability: Generated ₹941.00 crore (31.6% of revenue)
3. Mobility: Accounted for ₹865.00 crore (29.0% of revenue)

The Sustainability segment showed particularly strong growth, achieving double-digit annual growth for two consecutive quarters.

Key Operational Highlights

• LTTS secured a record high Total Contract Value (TCV) of nearly $300 million in deals during the quarter.
• The company's USD revenue reached $337 million, growing 10.4% year-on-year and 1.3% quarter-on-quarter in constant currency terms.
• EBIT margin stood at 13.4% for the quarter.

Strategic Initiatives and Partnerships

CEO and Managing Director Amit Chadha highlighted the company's focus on AI-driven innovations:

• LTTS has launched an AI-first delivery model and continues to invest in Gen AI, Agentic AI, and Physical AI.
• New AI platforms and solutions such as Qguard.ai, FusionWorld.ai, PLxAI, AiNexus, GENIQ, and TrackEi™ have been introduced.
• The company has deepened partnerships across the AI ecosystem, including collaborations with SiMa.ai, NVIDIA, and the MIT Media Lab.

Dividend Announcement

The Board of Directors has declared an interim dividend of ₹18.00 per equity share. The record date for this dividend is set as October 27, 2025.

Future Outlook

Despite challenging market dynamics and geopolitical uncertainties, LTTS maintains a positive outlook:

• The company expects both revenue and EBIT margins to improve in H2 compared to H1 of FY26.
• LTTS aims for double-digit growth in FY26 and reiterates its medium-term outlook of achieving $2 billion in revenue.

Amit Chadha expressed confidence in the company's strategy, stating, "With an increased order book and a sharp focus on resilient and profitable growth, we maintain our medium-term outlook of USD 2 Bn revenue."

As LTTS continues to innovate and expand its AI capabilities, the company appears well-positioned to capitalize on the growing demand for advanced engineering and technology services across various industries.