L&T Technology Services Share Price in Focus; Reports 66.8% Rise in Q2 Profit

L&T Technology Services (LTTS) reported a consolidated net profit of ₹548.2 crore for the July-September quarter of FY27, against ₹328.7 crore in the same quarter last year. The company announced its results on 19 October 2026. 

Revenue for the quarter stood at ₹3,040.4 crore, an increase of 12.1% from ₹2,713.3 crore in Q2 FY26. Compared with the previous quarter, revenue grew 3.4% from ₹2,940.1 crore. 

Profit Includes ₹165 Crore from SWC Sale 

The net profit for the quarter included a one-time gain of ₹165 crore from the disinvestment of the SWC business. Excluding this gain, net income from continuing operations was ₹379.6 crore, up 19.7% from ₹317.2 crore a year earlier. 

Earnings before interest and tax (EBIT) increased to ₹496.6 crore from ₹382.4 crore in Q2 FY26. The EBIT margin was 16.3%, compared with 14.1% in the corresponding quarter last year and 15.7% in Q1 FY27. Gross margin rose from 29.8% to 32.4% over the same period. 

AI Deals Account for Large Contracts 

LTTS reported large deal wins with a total contract value of more than $200 million during Q2 FY27. AI-related deals accounted for over 50% of the total. The contracts included one deal worth $75 million, one exceeding $30 million, one worth $25 million, and six deals valued at more than $10 million each. 

The company also reported annualised revenue of $120 million from Engineering Intelligence-led solutions. During the quarter, it launched an Engineering Intelligence Lab in partnership with NVIDIA to develop applications for manufacturing, robotics and supply chains. 

Interim Dividend Announced  

LTTS declared an interim dividend of ₹20 per equity share with a face value of ₹2 for FY27. The board fixed 27 October 2026 as the record date to determine eligible shareholders. 

The company's Q2 results showed higher revenue and operating margins, while the reported net profit included the gain from the SWC business disinvestment. 

Read More: Cyient DLM Share Price Tumble Over 14% After Q2 FY27 Results! 

L&T Technology Services (LTTS) Share Price Performance  

As of October 19, 2026, 3:30 pm, L&T Technology Services share price closed at ₹3,611.30, a 2.78% decrease from the previous closing price. 

Conclusion  

The Q2 FY27 results included a one-time gain of ₹165 crore from the SWC business disinvestment. LTTS declared an interim dividend of ₹20 per share for the financial year. 

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