L&T Technology Services reports higher quarterly revenue, sees stronger second half
L&T Technology Services says it expects a robust second half of fiscal year 2027 as order backlogs improve and several large deals ramp up. The Indian engineering and R&D company also posts higher second-quarter revenue and profit, supported by execution of large contracts and stronger client spending in sustainability.
Highlights
- L&T Technology Services' consolidated revenue climbs 12.1% year-on-year to 30.4 billion rupees ($320.25 million) for the September quarter, with net profit up 19.6%.
- The sustainability segment grows 22.9% year-on-year, leading revenue generation, while the mobility unit rises 13.5% and the technology segment remains flat.
- North America delivers 4.4% revenue growth and now comprises 60.7% of total revenue, despite industry headwinds from slow electric vehicle adoption and tech spending pressures.
Quarterly performance and demand outlook
As reported by Reuters, L&T Technology Services says its performance in the three months ended September 30 is driven by execution of large deals won in recent quarters and by higher client spending in its sustainability segment.Consolidated revenue rises to 30.4 billion rupees, or $320.25 million, from 27.13 billion rupees a year earlier. Net profit from continuing operations increases 19.6% to 3.80 billion rupees, while net profit including discontinued operations rises 66.8%.
Chief Executive Amit Chadha says growing demand for the company's engineering intelligence solutions, its diversified portfolio, a dedicated large-deal engine and improving regional opportunities give it confidence in its medium-term trajectory.
Segment and regional trends shape outlook
The sustainability segment, which includes industrial products and plant engineering and is the company's biggest revenue generator, expands 22.9% from a year earlier. The mobility unit, which contributes about a third of revenue, grows 13.5%, while revenue from the technology segment is flat.North America, which accounts for 60.7% of overall revenue, records 4.4% growth. The broader engineering, research and development industry continues to face headwinds from limited electric vehicle adoption and a macro overhang that hurts technology spending.
India’s clean energy investment surge was highlighted in our earlier article, noting a 15% rise to $72 billion that lifted the country to fifth place in global energy transition investment rankings. We also explained how rising transition capital supports long-term infrastructure buildout across power, industrial fuels, and transport, reinforcing demand for sustainability-focused projects and related services.
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