L&T Technology Services (LTTS), an engineering and technology services company, reported a 53.7% quarter-on-quarter jump in consolidated net profit to ₹548.2 crore for the September quarter of FY27. The profit was well above the CNBC-TV18 poll estimate of ₹360 crore.
Revenue rose 3.4% from the previous quarter to ₹3,040 crore, beating the poll estimate of ₹3,022.5 crore. The company had reported revenue of ₹2,940.1 crore in the June quarter.
Operating performance also improved. Earnings before interest and tax (EBIT) increased 7.7% sequentially to ₹497 crore, compared with ₹461.3 crore in the previous quarter. This was higher than the poll estimate of ₹483 crore.
The EBIT margin, which measures operating profit as a share of revenue, improved to 16.3% from 15.7% in the June quarter. It also exceeded the poll estimate of 16%.
In dollar terms, revenue stood at $317.1 million, up 2.3% from the previous quarter and 3.3% from a year earlier. After adjusting for currency movements, revenue grew 2.7% sequentially and 4.8% year-on-year.
LTTS expects business to pick up in second half
Amit Chadha, CEO and managing director of LTTS, said the company expects revenue growth to gain momentum in the second half of FY27, supported by a stronger pipeline of potential projects and a growing order backlog.
Chadha said demand for the company’s engineering solutions, its presence across different industries and improving business opportunities across regions supported its growth outlook.
LTTS aims to achieve annual revenue growth of 13-15% over the next five years, while keeping EBIT margins between 16% and 17%, he said.
Company announces ₹20 interim dividend
LTTS has declared an interim dividend of ₹20 per equity share for FY27. The shares have a face value of ₹2 each.
The company has set October 27, 2026, as the record date to determine which shareholders are eligible to receive the dividend.
Dividend income is taxable in shareholders’ hands, and tax will be deducted at source (TDS) at the applicable rates. The company has asked shareholders to submit the necessary documents by the record date to help determine the correct tax deduction.
AI deals account for over half of large contract wins
LTTS secured large deals with a combined total contract value (TCV) of more than $200 million during the September quarter. AI-related projects accounted for over half of this amount.
The wins included one contract worth $75 million, another worth more than $30 million, one worth $25 million and six deals valued at more than $10 million each.
The company said its Sustainability business recorded its strongest growth during the quarter. Its Mobility business continued to grow, while its Technology segment remained steady. Gross margins improved across all three segments.
LTTS expands AI and engineering capabilities
LTTS has launched an Engineering Intelligence Lab in partnership with NVIDIA to develop applications using physical artificial intelligence, or Physical AI. These applications are aimed at areas such as manufacturing, robotics and supply chains.
The company said its EIOne platform offers more than 100 solutions covering engineering, products, manufacturing and operations.
LTTS has filed more than 250 AI-related patents, taking its overall patent portfolio to 1,808 at the end of the September quarter. Of these, 1,085 were developed jointly with clients, while the remaining patents were filed by the company.
LTTS had 24,035 employees at the end of Q2FY27.
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