INFORMATION TECHNOLOGY · NSE/BSE: LTTS

L&T Technology Services Limited Earnings Summary — Q2 FY2027

Sentiment: Positive

AI-generated summary

Generated 2026-10-20

Generated using: Official Earnings Press Release

Business Intelligence Report

LTTS Reports 12% YoY Revenue Growth to ₹30,404M with Net Profit Surging 67% Aided by SWC Business Divestment

Quarterly Business Intelligence

Q2 FY2027

Financials from Financial Intelligence · data as of 2026-09-30

Revenue

₹3,040 Cr

QoQ +3.4%YoY +12.1%

Net Profit

₹548 Cr

QoQ +53.7%YoY +66.8%

Operating Profit

₹586 Cr

QoQ +6.8%YoY +23.5%

Operating Margin

19.3%

QoQ +62 bpsYoY +179 bps

AI Quarterly Scorecard™

/ 100

Strong

Revenue Momentum77

Profit Growth98

Margin Expansion61

Growth Consistency88

Operating Efficiency71

Financial Stability83

Computed deterministically from the last 10 reported quarters.

Quarterly Business Momentum

Revenue & Growth

Revenue has increased for 6 consecutive quarters.
Revenue of ₹3,040 Cr is 12.1% higher year-on-year.
Revenue has compounded at 9.8% annualised over the last 10 quarters.
Revenue is at its highest level in 10 quarters.

Profitability

Net profit has reached its highest level in 10 quarters.
Net profit of ₹548 Cr is 66.8% above the same quarter last year.
Profit growth is outpacing revenue growth, pointing to positive operating leverage.
Net profit has compounded at 28.2% annualised across the period.

Margins

Operating margin stands at 19.3% in Q2 FY2027.
Operating margin expanded by 179 bps year-on-year.
Over the last two years operating margin has expanded by 116 bps.
PBT margin is 22.4%.

Operating Efficiency

Expense growth of 9.6% remained below revenue growth of 12.1%.
Operating profit of ₹586 Cr is 23.5% higher year-on-year.
Operating leverage continues to improve.

Overall Momentum

6 of the last 6 measured quarters delivered year-on-year revenue growth.
Overall quarterly business momentum scores 80/100 (Strong) on the latest 10 quarters.
Business momentum remains positive heading into the next quarter.

Quarterly Financials

Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %

Metric	Trend	Latest Q2 FY2027	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025
Revenue	Stable	3,040	2,940	2,858	2,787	2,713	2,638	2,638	2,653	2,573	2,462
Expenses	Stable	2,455	2,392	2,337	2,289	2,239	2,197	2,205	2,158	2,107	2,006
Operating Profit	Stable	586	548	521	499	474	441	433	495	466	456
Operating Margin	Stable	19.3%	18.6%	18.2%	17.9%	17.5%	16.7%	16.4%	18.6%	18.1%	18.5%
Other Income	Volatile	200	34	31	9	77	83	80	34	65	62
Interest	Stable	14	14	17	15	16	16	16	16	12	13
Depreciation	Stable	89	87	87	86	92	81	81	73	78	73
Profit Before Tax	Accelerating	682	481	449	406	444	427	416	440	441	433
Tax	Stable	133	124	116	103	115	111	106	120	121	119
Net Profit	Accelerating	548	357	332	303	329	316	311	322	320	314
Net Margin	Accelerating	18.0%	12.1%	11.6%	10.9%	12.1%	12.0%	11.8%	12.2%	12.4%	12.7%

Source: Financial Intelligence (Structured Quarterly Data)•Latest Quarter: Q2 FY2027•Figures in ₹ Crore • Margins in %•Automatically updated from Financial Intelligence · 2026-09-30

Key Takeaways

Consolidated revenue from operations grew 12.1% YoY and 3.4% QoQ to ₹30,404 million for Q2 FY2027.
Reported net profit attributable to equity holders surged 66.8% YoY to ₹5,482 million, boosted by an exceptional post-tax gain of ₹1,650 million from the divestment of the SWC business unit.
Net profit from continuing operations expanded 19.6% YoY to ₹3,801 million (vs. ₹3,177 million in Q2 FY2026), reflecting robust underlying operating performance.
Sustainability continued to be the fastest-growing segment, up 22.9% YoY to ₹11,566 million, while Mobility rose 13.5% YoY to ₹9,819 million; Tech remained flat at ₹9,019 million.
The Board declared an interim dividend of ₹20 per equity share of face value ₹2 (1000%), with a record date of October 27, 2026.
The divestment of the Smart World and Communication (SWC) unit to AMI Paradigm Solutions was completed on September 1, 2026, simplifying the ER&D focus.

Management Guidance

Management successfully closed the portfolio-reshaping divestment of the SWC unit on September 1, 2026, sharpening the company's core focus across Mobility, Sustainability, and Tech segments while maintaining strong cash generation and disciplined capital allocation.

Sentiment Shift

Improving

Underlying operational margins widened by 64 bps QoQ to 16.3%, continuing-operations profit grew by nearly 20% YoY, and portfolio restructuring reached completion with the profitable SWC sale.

Constructive

Disciplined

Growth-Oriented

Outlook

LTTS remains well-positioned to drive compounding growth through specialized ER&D demand in software-defined vehicles (SDV), green engineering, and industrial automation, backed by a fortified balance sheet and focused domain architecture.

From the Annual Report (Key Quotes)

“Declared an Interim Dividend of Rs. 20/- per equity share of face value of Rs. 2/- each for the financial year 2026-27.”

“On September 1, 2026, the Company has concluded the sale and transferred SWC Business unit in terms of the BTA and recognized a gain of 1,650 Million (net of tax) under discontinued operations.”

Official Quarterly Documents

Earnings Press Release

Official quarterly earnings release published by the company.

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Earnings Call Transcript

Management discussion and analyst Q&A.

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This summary is AI-generated from L&T Technology Services Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.