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LTTS Q2 Net Profit Rises 66.8% to ₹548 Crore, Beats Street Estimates
Sentiment: PositiveHigh Priority
What Happened?
L&T Technology Services reported a net profit of ₹548.2 crore for Q2 FY 2026-27, a 66.8% increase year-on-year. The profit included a one-time gain of ₹165 crore.
Key points
- Revenue for Q2 grew 12.1% to ₹3,040 crore compared to ₹2,713.3 crore last year.
- Profit excluding the one-time gain increased by 16.5%.
- Sequentially, profit rose by 53.7% and revenue by 3.4%.
- LTTS secured large deal wins totaling over $200 million, with AI-related deals making up over 50%.
- The company's EBIT margin improved to 16.3%, up 60 basis points sequentially.
- LTTS added 190 employees, bringing total headcount to 24,035.
Key insights
- The significant increase in profit could enhance investor confidence in LTTS.
- The focus on AI-related deals may position LTTS favorably in the growing tech sector.
- Sustained revenue growth could lead to further investments in innovation and talent.
Why it matters
The strong profit growth indicates LTTS's effective strategy in a competitive market.
Tags
Entities
L&T Technology Services· CompanyAmit Chadha· PersonRajeev Gupta· Person
Source
Business Standard
