L&T Technology Services posts 16% YoY growth, bags record $300 mn deal wins in Q2FY26

L&T Technology Services Limited

(LTTS), India's leading engineering services firm, reported 15.8% year-on-year (YoY) revenue growth for the second quarter that ended September 30, 2025, reaching ₹2,980 crore. Sequentially, revenue rose 4%, while net profit climbed 4.1% QoQ to ₹329 crore.

The quarter marked a milestone with record large deal total contract value (TCV) of nearly $300 million, underscoring strong global client confidence in LTTS’ digital and AI-led engineering offerings.

In constant currency terms, revenue stood at $337 million, growing 10.4% YoY. The EBIT margin was 13.4%, and the company declared an interim dividend of ₹18 per share.

CEO & MD Amit Chadha said LTTS' "AI-first delivery model" and investments in Gen AI, Agentic AI, and Physical AI have strengthened its leadership in industrial AI. Flagship solutions such as Qguard.ai, FusionWorld.ai, and AiNexus are already seeing early monetization.

The firm’s patent portfolio crossed 1,600, with 216 in AI/Gen AI and 978 co-authored with clients. LTTS’ employee strength stood at 23,678 at the end of Q2FY26.