L&T Technology Services Ltd
L&T Technology Services Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #29 of 39 in IT - Services
See the sector's top 10 — free with your mobile number.
The short version
LTTS aspires for double-digit revenue growth in FY26, driven by a strong order book and large deal wins. LTTS aspires for double-digit revenue growth in FY26, aiming for $2 billion revenue medium-term (Page 8).
From L&T Technology Services Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- LTTS aspires for double-digit revenue growth in FY26, driven by a strong order book and large deal wins.
- Growth acceleration is expected to be gradual rather than sudden, maintaining mid-16% EBIT margins by Q4 FY27 to Q1 FY28.
- Large deal wins, especially in Sustainability (highest margin segment), and ramp-up in Mobility including Automotive, Trucks & Off-Highway, and Rail are key growth drivers.
- AI-led delivery improvements and operational efficiencies across all functions will support margin and revenue growth.
- Sales teams have been strengthened with six US-based segment teams and regional teams globally to boost sales penetration.
- Clients increasingly favor longer-duration, multi-department deals, indicating larger and more strategic engagements.
2 more points from L&T Technology Services Ltd's call on revenue
Create a free account to keep reading this call
Profitability & Margins
See what L&T Technology Services Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Capitalization of a new dedicated facility in Baroda for LTTS, contributing to increased depreciation (~₹95 crores per quarter going forward) (Page 14).
- Strategic investments in AI-first delivery model encompassing GenAI, Agentic AI, and Physical AI, including multimodal AI, AI reasoning, and Edge AI (Page 6).
- Investment in proprietary AI platforms like Qguard.ai, FusionWorld.ai, PLxAI, AiNexus, GENIQ, and TrackEi to drive automation and intelligent decision-making (Page 6).
- Investment in humanoid robotics for manufacturing environments targeting repetitive, precision-driven tasks, advancing toward autonomous intelligent factories (Page 6).
2 more points from L&T Technology Services Ltd's call on capex
Create a free account to keep reading this call
Top-ranked in IT - Services
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what L&T Technology Services Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The order book has grown, indicating an increasing backlog (Page 18).
- Ramp-ups for new deals are gradual unless it's a rebadge; for example, a $100 Mn Oil and Gas win 5 years ago continues to grow, now at $50 Mn ARR (Page 18).
- Average duration of deals is around 4+ years, with some deals extending up to 7.5 years (Page 16).
- The company has seen consistent large deal wins of about $200 Mn per quarter recently, with Q2 FY26 achieving $300 Mn in large deal wins (Page 16, 8).
2 more points from L&T Technology Services Ltd's call on order book
Create a free account to keep reading this call
L&T Technology Services Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q2 FY27): revenue ₹3.0K Cr, net profit ₹549 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What L&T Technology's management said in earlier quarters
- Q2 FY27 earnings call analysis →
- Q1 FY27 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
Others in IT - Services this season
- Enser (Q2 FY26)
Revenue from Operations (Consolidated) for H1FY26: ₹4,378.65 lakhs . Key investor presentation takeaways from Enser's Q2 FY26 investor presentation — and how it
- R Systems Intl. (Q2 FY26)
Adjusted EPS has shown consistent growth, e.g., 23.2% increase year-over-year recently. Key concall takeaways from R Systems International Ltd's Q2 FY26…
- E2E Networks (Q2 FY26)
35-40 crores by March 2026, driven by large IndiaAI Mission orders (Page 16, 8). Key concall takeaways from E2E Networks Ltd's Q2 FY26 earnings call — and how…
- VL E-Governance (Q2 FY26)
1,192.05 Lakhs, down 59.25% QoQ from Rs. Key investor presentation takeaways from VL E-Governance's Q2 FY26 investor presentation — and how it ranks against sec
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Services
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Arthneeti Pro · Annual
L&T Technology Services Ltd and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were L&T Technology Services Ltd Q2 FY26 results?
LTTS aspires for double-digit revenue growth in FY26, driven by a strong order book and large deal wins. LTTS aspires for double-digit revenue growth in FY26, aiming for $2 billion revenue medium-term (Page 8).
What is L&T Technology Services Ltd share price analysis?
L&T Technology Services Ltd currently shows a neutral. The stock trades at a P/E of 28.2 with a market cap of ₹37,926 Cr. Investors should review the full earnings analysis for detailed insights.
Is L&T Technology Services Ltd planning capital expenditure?
Capitalization of a new dedicated facility in Baroda for LTTS, contributing to increased depreciation (~₹95 crores per quarter going forward) (Page 14).
Keep L&T Technology Services Ltd on your radar — track it to get its next earnings analysis in your feed.
This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.