L&T Technology Services Limited — Investor Meet, 24-10-2025: Analysts/Institutional Investor Meet/Con. Call Updates

L&T Technology Services (LTTS) reported Q2 FY26 revenue of ₹ 2,980 crores (YoY +15.8%) and $337 million (YoQ +1.3% CC). EBIT margins slightly improved to 13.4%, with Net Income at ₹ 328.7 crores. The company secured a record $292 Mn in large deal Total Contract Value (TCV), including a $100 Mn win in Sustainability. Management anticipates H2 FY26 growth to be better than H1, projecting double-digit FY26 growth. Outlook for margins is positive with mid-16% EBIT targeted by Q4 FY27 / Q1 FY28, as client support initiatives concluded. Strategic focus on AI and leadership depth underpins a confident sentiment, despite continued subdued performance in the Automotive sector.