LTTS Profit Surges 53.7%, AI Deals Drive Growth

L&T Technology Services (LTTS) announced a robust financial performance for the September quarter of FY27, with its net profit soaring by 53.7% sequentially to ₹548.2 crore. This figure exceeded analyst estimates, underscoring the company's strong operational execution and market position. Revenue also experienced a healthy growth of 3.4% quarter-on-quarter, reaching ₹3,040 crore.

The company highlighted that artificial intelligence initiatives are a significant growth driver, with AI-related projects comprising more than half of its large deal wins, which had a combined total contract value exceeding $200 million in the September quarter. This strategic focus on AI demonstrates LTTS's commitment to innovation and its ability to secure high-value contracts in emerging technological fields.

Further reflecting its financial strength and commitment to shareholders, LTTS declared an interim dividend of ₹20 per equity share for FY27. The company is optimistic about future performance, expecting revenue growth to accelerate in the second half of FY27, supported by a strong project pipeline and an expanding order backlog. LTTS aims for an annual revenue growth of 13-15% over the next five years, targeting EBIT margins between 16% and 17%.

In line with its focus on technological advancement, LTTS launched an Engineering Intelligence Lab in partnership with NVIDIA to develop cutting-edge applications in physical AI. The company's patent portfolio continues to grow, with over 1,808 patents filed by the end of the quarter, including more than 250 AI-related patents. LTTS employed 24,035 individuals by the close of Q2 FY27.