L&T Technology Services Reports Strong Q2 FY26 Growth, Declares ₹18 Interim Dividend

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.

Metric (₹ in crore)	Q2 FY26	Q2 FY25	YoY Growth	Q1 FY26	QoQ Growth
Revenue	2,980.00	2,573.00	15.8%	2,866.00	4.0%
Net Profit	329.00	320.00	2.8%	316.00	4.1%

Segment Performance

LTTS operates through three main segments:

Tech: Contributed ₹1,174.00 crore (39.4% of revenue)
Sustainability: Generated ₹941.00 crore (31.6% of revenue)
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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.00%	-3.76%	-3.11%	-1.88%	-20.75%	+136.86%

L&T Technology Services Limited (LTTS), a global leader in AI, Digital & ER&D Consulting Services, has announced a significant milestone in its Sustainability segment. The company has secured a $100 million multi-year agreement with a US-based industrial equipment manufacturer serving the semiconductor value chain.

Contract Details

Under the terms of the agreement, LTTS will support the client's initiatives across several key areas:

New product development
Sustenance engineering
Value engineering
Platform automation

The company will leverage its deep expertise in AI, computer vision, and next-generation automation technologies to deliver these services.

Center of Excellence

As part of the engagement, LTTS will establish a Center of Excellence (CoE) to support the client in:

Accelerating innovation
Simplifying platforms
Application engineering
Transitioning towards a more digital and AI-enabled future

Strategic Importance

Amit Chadha, CEO & Managing Director of L&T Technology Services, commented on the significance of this contract:

"We deeply value the trust and confidence our client has placed in us and are committed to further strengthening this relationship as we move ahead with this transformational program. This engagement underscores LTTS' expertise in leveraging AI-driven innovation to address complex engineering challenges in high-growth industries."

Chadha further emphasized that by harnessing LTTS' capabilities in AI, automation, and product engineering, they are empowering their client to expand market share and stay ahead of the curve.

Company Profile

L&T Technology Services is a listed subsidiary of Larsen & Toubro (L&T) and offers design, development, testing, and sustenance services across products and processes. The company focuses on growth across the Mobility, Sustainability, and Tech segments.

Key facts about LTTS:

Category	Details
Customer base	69 Fortune 500 companies and 57 top ER&D companies
Industries served	Industrial products, medical devices, transportation, telecom & hi-tech, and process industries
Headquarters	India
Global presence	Over 23,600 employees across 23 global design centers
Offices and labs	30 global sales offices and 105 innovation labs

Upcoming Financial Results

LTTS has announced that its Board of Directors will meet on October 17 to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30. The company will also host an earnings conference call on the same day at 7:00 PM IST to discuss the results with investors and analysts.

This new contract win, coupled with the upcoming financial results, highlights LTTS's continued growth and strong position in the global engineering services market.