L&T Technology Services

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• DebtHighest safetyRated AAA by CRISIL.
• ResultsGrowingIn the Sep 2026 quarter, sales rose 12% and profit rose 67% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 74% of the company, about the same as in Sep 2025.
• ValuationCheap vs its pastThe share trades at 29.7 times its yearly earnings (P/E), cheaper than 89% of the time in the last 5 years. Its usual P/E is about 32.

L&T Technology Services against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)29.7 against a typical 24.9: pricier than most peers (1st = cheapest).59th of 106
• Sales growth+12.1% against a typical +20.8% from a year earlier.53rd of 85
• Profit growth+66.9% against a typical +5.6% from a year earlier.22nd of 77
• Share price, 3 months+16.2% against a typical −10%.15th of 93
• Size₹ 41,513.5 Cr. market value against a typical ₹ 206.6 Cr. (1st = largest).1st of 100

Exchange filings and their impact on the company.

• 26 Oct 2026Press ReleaseLow impactPositivePrice +3.2% that day
  LTTS won a 5-year Nokia R&D engineering mandate with a dedicated India ODC.

  L&T Technology Services has signed a five-year contract with Nokia to support engineering and R&D activities in India. LTTS will set up a dedicated Offshore Development Center covering product engineering, software development, system integration and support across 5G, intelligent automation and AI infrastructure. The deal supports LTTS Technology segment and its Lakshya 31 focus on next-gen compute and AI infrastructure, with revenue to ramp as the team scales.

  Full analysisFiling
• 25 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesMedium impactPositivePrice +3.2% on 26 Oct
  Q2 beat with 2.7% CC growth, 16.3% EBIT and $203m deals fuels stronger H2 and AI-led growth.

  L&T Technology Services held its Q2 FY27 call after revenue of $317.1 million, up 2.7% sequentially, EBIT margin of 16.3% up 60 bps, and large deal wins of $203 million with over half AI-led. Management said Sustainability grew 13.4% YoY, Mobility grew 2.3% sequentially, EI revenue is $120 million annualized, and the SWC divestment closed with a Rs 165 crore one-time gain. It expects H2 to be stronger than H1 while sustaining mid-16% margins even after Q3 wage hikes, with pipeline up over 25% year-on-year.

  Full analysisFiling
• 19 Oct 2026Outcome of Board MeetingHigh impactVery positivePrice +10.7% on 21 Oct
  Strong Q2 with 12% revenue growth and margin expansion, plus Rs165 cr SWC sale gain and Rs20 interim dividend.

  L&T Technology Services reported Q2 FY27 continuing revenue of Rs 3,040.4 crore, up 12.1% year-on-year, and continuing net profit of Rs 380.1 crore, up 19.6%, with growth led by Sustainability and Mobility while Tech was flat. The company completed the sale of its Smart World and Communication business on September 1, 2026 for Rs 493.2 crore, booking a one-time gain of Rs 165 crore, taking total Q2 net profit to Rs 548.7 crore. The board also declared an interim dividend of Rs 20 per share with October 27, 2026 as the record date.

  Full analysisFiling
• 12 Oct 2026Press ReleaseLow impactPositivePrice +1.2% that day
  LTTS launched NVIDIA-powered EI Lab to push AI-native manufacturing solutions.

  L&T Technology Services launched its EI Lab for Manufacturing and Operations featuring NVIDIA accelerated AI-native factory technology on October 12, 2026. The filing discloses no order value, investment size or revenue target and is self-described as self-explanatory. It strengthens LTTS's AI-led manufacturing positioning and may support incremental deal wins over the next 12 months, with no material near-term financial impact.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.