Enterprise AI
L&T Technology Services (LTTS) reported revenue of $317.1 million for Q2 FY27, registering 4.8% year-on-year growth in constant currency, supported by strong deal wins and increasing demand for AI-led engineering solutions.
The company recorded $203 million in total contract value (TCV) from deal wins during the quarter, with more than 50% of the wins being AI-led. Revenue grew 2.7% sequentially in constant currency, while EBIT margin expanded 60 basis points to 16.3%.
LTTS secured one deal worth $75 million, another exceeding $30 million, one $25 million deal and six deals valued above $10 million each. Annualised revenue from Engineering Intelligence-led solutions reached $120 million.
Net income increased 66.8% year on year to ₹548.2 crore, including a one-time post-tax gain of ₹165 crore from the sale of its Smart World and Communication business.
The company filed over 250 AI patents during the quarter, taking its portfolio to 1,808, and launched an Engineering Intelligence Lab with NVIDIA focused on Physical AI applications.
CEO Amit Chadha said earlier large deal wins are converting into revenue, with momentum expected to strengthen in the second half of FY27.
