L&T Technology Services540115IT services, engineering
L&T Technology Services (LTTS) reported strong Q2 results with profit up 67% and expanding margins, driven by large deal wins
By ScoutQuest · · 1 min read
- Profit growth
- 67 percent
- Large deal wins
- $203 million
- Large deal total contract value
- $200 million
- ER&D deal share
- 50 percent
Heard on business television between 12:49:39 - 12:52:39 IST.
- LTTS posted total contract value of around $200 million in large deals, higher than the last three quarters.
- Management said ER&D related deals now account for 50% of business.
- Company said it transformed into an EI1 (Engineering, R&D and AI) company under its Lakshya 31 strategy, divesting businesses expected to be commoditized by AI.
- Sustainability business grew double digit and mobility growth returned for a second consecutive quarter.
- Tech vertical was muted but expected to recover in a couple of quarters.
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Source: Live TV News Channel · 21 Oct 2026
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