19-Oct-2026 16:24:08
L&T TECHNOLOGY SERVICES Q2 FY27 ; STRONG AI DEAL WINS, MARGIN EXPANSION & LONG-TERM GROWTH GUIDANCE
• REVENUE GROWTH: Up 2.7% QoQ in constant currency, supported by execution of large deals. • EBIT MARGIN: Improved 60 bps QoQ to 16.3%, achieving its mid-16% margin aspiration ahead of schedule. • LARGE DEALS: Total Contract Value (TCV) exceeded $200 million, with AI-led deals contributing over 50%. • KEY DEAL WINS: One $75 million deal, one $30 million-plus deal, one $25 million deal and six deals exceeding $10 million each. • AI REVENUE: Engineering Intelligence-led annualised revenue reached $120 million. • AI EXPANSION: Launched an Engineering Intelligence Lab with NVIDIA; partnerships include Anthropic and Databricks. • DATA CENTRE BUSINESS: Scaling data centre and AI infrastructure offerings to capture growing opportunities. • H2 FY27 OUTLOOK: Management expects stronger revenue momentum and sustained healthy EBIT margins. • LONG-TERM GUIDANCE: Targets 13–15% revenue CAGR with EBIT margins of 16–17% over the next five years.