L&T Technology Services secures over $200 million in new deals

L&T Technology Services (LTTS) reported strong financial results for the second quarter ending September 30, 2026. The company secured more than $200 million in new contract wins during the quarter, with AI-related deals accounting for over 50% of the total value. Notable wins included a $75 million deal, a $30 million-plus deal, and a $25 million deal.

Revenue for the quarter reached ₹30,404 million, representing a 12.1% year-on-year increase. Net income grew by 66.8% year-on-year to ₹5,482 million, a figure that includes a one-time gain of ₹1,650 million from a business disinvestment. The company announced an interim dividend of ₹20 per share.

CEO Amit Chadha noted that the company aims for a long-term revenue compound annual growth rate (CAGR) of 13-15%. LTTS is also expanding its technical capabilities through an Engineering Intelligence Lab launched in partnership with NVIDIA to develop Physical AI-native applications for manufacturing, robotics, and supply chain sectors.