Key takeaways
- Achieve 16% revenue growth in Q2FY26, reaching ₹2,980 crore year-on-year.
- Secure a record $300 million contract, reflecting strong client confidence in LTTS's offerings.
- Expand AI capabilities with investments in generative and agentic AI, launching multiple new platforms.
- Maintain a strong EBIT margin of 13.4% while focusing on resilient and profitable growth.
- Increase patent portfolio to 1,601, emphasizing innovation in AI technology.
L&T Technology Services (LTTS) reported strong performance in the second quarter ended FY26, driven by large deal wins and robust growth across key segments.
The company’s revenue for the quarter reached ₹2,980 crore, up 4.0% sequentially and 15.8% year-on-year (YoY).
Net profit for the quarter rose 4.1% sequentially to ₹329 crore, with EBIT margin at 13.4%. LTTS declared an interim dividend of ₹18 per share.
Amit Chadha, CEO and managing director of LTTS, highlighted a record total contract value of nearly $300 million in the quarter, signalling strong client confidence in the company’s next-generation offerings.
He said the company’s “go deeper to scale” and multi-segment strategy continues to deliver, with double-digit growth in the sustainability segment and resilience in the tech segment.
The company is expanding its AI-first delivery capabilities through investments in generative AI, agentic AI and physical AI, launching platforms such as Qguard.ai, FusionWorld.ai, PLxAI, Ai Nexus, GENIQ, and TrackEiTM.
LTTS has also deepened partnerships with SiMa.ai and NVIDIA to strengthen its technology backbone.
The company’s patent portfolio now stands at 1,601, including 216 filings in AI.
At the end of Q2FY26, LTTS employed 23,678 professionals, maintaining its focus on resilient and profitable growth, with a medium-term revenue outlook of $2 billion.
LTIMindtree reported broad-based growth in its second quarter, driven by a combination of digital transformation wins and AI-focused initiatives. The company’s consolidated revenue in dollars reached ₹10,394 crore, up 5.6% quarter-on-quarter and 10.2% YoY.
Its net profit rose 6.6% sequentially to ₹1,568 crore.
