L&T Technology Services Shares Surge 11% After Strong Q2 Results
· Business · Economic Times, LiveMint
L&T Technology Services shares rose nearly 11% to cross the Rs 4,000 mark following a stronger-than-expected second quarter performance. Revenue grew 3.4% sequentially to ₹3,040 crore, while EBIT margins expanded by 60 basis points to 16.3%. The company secured a large deal contract value of approximately $203 million, with over half of the wins linked to AI-related projects. Management reported that AI-led revenue now accounts for roughly 9.5% of quarterly earnings, with 16,000 engineers trained in the technology. Analysts from Motilal Oswal, Nuvama, and Nomura have raised their target prices for the stock.
Why it matters
The strong performance signals growing commercial demand for AI and sustainability services in the engineering sector, directly impacting investors and the company's growth outlook for the second half of FY27.
Read the original report — Economic Times
Join us on Telegram
Breaking news the moment it lands. At 10,000 members we ship the Android app.