L&T Technology Services Ltd

L&T Technology Services Limited (LTTS) reported revenue of ₹30,404 million for Q2FY27, reflecting a 3.4% quarter-over-quarter (QoQ) increase and a 12.1% year-over-year (YoY) growth. USD revenue reached $317.1 million, up 2.7% QoQ and 4.8% YoY in constant currency. Net income surged 66.8% YoY to ₹5,482 million, aided by a one-time gain from SWC disinvestment. EBIT margin improved 60 bps QoQ to 16.3%. LTTS secured large deal TCV exceeding $200 million, with AI-related deals accounting for over 50% of the total, including a $75 million deal. The company's Engineering Intelligence (EI) platform, EIOne, gained traction with partnerships with NVIDIA, Anthropic, and Databricks, and AI patent filings surpassed 250. Annualized EI-led revenue reached $120 million. The company also highlighted improved order backlog and pipeline, expecting revenue momentum to strengthen in H2 while maintaining EBIT margins. LTTS' employee count stood at 24,035 as of Q2FY27, with 1,808 patents filed, 1,085 co-authored with clients. The document noted recognition for R&D excellence and awards in AI and PLM services.

The document emphasizes revenue growth, margin improvements, large deal wins, and recognition for innovation and R&D excellence.