Chadha sees support for LTTS long-term aspiration of 13-15% revenue CAGR
Big deal winner L&T Technology Services Limited (BSE: 540115, NSE: LTTS) has secured more than USD200 million worth of jobs during the second quarter ended 30 Sept 2026.
With an order backlog and pipeline both improving year on year and several large deals in play, LTTS 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,” said Amit Chadha, CEO & Managing Director, L&T Technology Services.
“AI-related deals accounted for over 50% of the total deals,” he said on 19 Oct. Wins included one USD75 million deal, one USD30+ million deal, one USD25 million deal and six USD10+ million each.
“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,” Chadha added.
Revenue during the quarter totalled Rs.30,404 million – a growth of 3.4% QoQ and 12.1% YoY
Net Income at Rs.5,482 million, growth of 53.7% QoQ and 66.8% YoY (includes one-time gain of Rs.1,650 million from a business disinvestment.
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,” said Chadha.
“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,” he said.
At the end of Q2 FY27, the patents portfolio of L&T Technology Services stood at 1,808, out of which 1,085 are co-authored with its clients and the rest are filed by LTTS. At the end of Q2 FY27, LTTS’ employee strength stood at 24,035. Fiinews.com
