L&T Technology Services Share Price Jumps 11% After Q2 Results As Revenue, Margins Beat Expectations
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L&T Technology Services shares jumped around 11% on Wednesday after its Q2 FY27 results, supported by revenue growth, margin improvement, more than $200 million in large deal wins and expectations of stronger growth in the second half.
L&T Technology Services (LTTS) shares jumped around 11% on Wednesday, October 21, crossing the ₹4,000 mark after the engineering services company reported strong revenue growth, improved margins and more than $200 million in large deal wins in Q2 FY27.
LTTS shares were trading around ₹4,015 in morning trade, up from their previous close of ₹3,611.30. The stock had climbed as much as 14.7% earlier in the session to hit an intraday high of ₹4,143.
The sharp move came in the first trading session after LTTS announced its September-quarter results on October 19. Revenue from operations rose 12.1% year-on-year to ₹3,040.4 crore, while EBIT margin improved 60 basis points sequentially to 16.3%.
Investors also reacted to the company's large deal wins of more than $200 million during the quarter, with AI-related deals accounting for over half of the total value.
L&T Technology Services Q2 Results FY27
LTTS reported a net profit of ₹548.2 crore for the September quarter, up 66.8% from a year earlier and 53.7% sequentially. The reported profit included a one-time gain of ₹165 crore from the divestment of the company's Smart World and Communication business.
Dollar revenue stood at $317 million during the quarter. Revenue in constant currency terms increased 2.7% sequentially and 4.8% year-on-year.
Deal activity remained strong during the quarter. LTTS won one deal worth $75 million, one worth more than $30 million, another worth $25 million and six deals valued at more than $10 million each.
AI-related deals accounted for more than 50% of the total value of large deals won during the quarter. Annualised revenue from the company's Engineering Intelligence platforms has also crossed $120 million.
“With our order backlog and pipeline both improving year on year and several large deals in play, we expect revenue momentum to strengthen further in H2 while sustaining healthy EBIT margins,” Amit Chadha, CEO and Managing Director of L&T Technology Services, said.
LTTS also declared an interim dividend of ₹20 per share. The record date has been fixed as October 27, 2026.
L&T Technology Services Share Price History
L&T Technology Services shares had closed at ₹3,611.30 on October 19, down 2.78% for the session, before the company's quarterly results were announced after market hours.
Wednesday's rally took the stock above ₹4,000 and to an intraday high of ₹4,143. The stock's 52-week range stands between ₹3,010 and ₹4,726.
Despite the sharp rally on Wednesday, LTTS shares remain below their 52-week high of ₹4,726.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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