L&T Technology Services sees robust second half after strong Q2

India’s L&T Technology Services expects a robust second half of fiscal 2027 as large deals ramp up. Consolidated revenue rose to 30.4 billion rupees in the quarter ended September 30, from 27.13 billion rupees a year earlier.

Net profit from continuing operations rose 19.6% to 3.80 billion rupees. Sustainability revenue grew 22.9% year on year and mobility revenue 13.5%, while the technology segment was flat.

North America supplies 60.7% of revenue and grew 4.4%. Management cited large-deal execution and client spending in sustainability.

The outlook comes amid weaker engineering spending and limited electric-vehicle adoption, so the forecast remains company guidance rather than a guarantee.

The company’s mobility exposure is important because transport engineering remains a large source of demand even as the wider sector adjusts to slower EV adoption.

Image: Courtesy of L&T Technology Services.

Sources

• Reuters