L&T Technology Services Limited — Q2FY27 earnings call summary

Filed 25 October 2026 · Official transcript

EBIT margin target of mid-16% achieved ahead of schedule; margin levers include AI, operational efficiency, and segment mix
H2 FY27 revenue momentum expected to strengthen; 13-15% revenue CAGR and 16-17% EBIT margin targeted over 3-5 years
Wage hikes effective Q3, expected margin impact 50-80bps
European Auto segment muted but expected to recover in 9-12 months; growth driven by US Auto, Aero, Rail, Trucks
Clients shifting spend from legacy to AI-led engineering; LTTS ahead of peers in AI adoption
DSO stable at 78 days, below guided range
AI revenue recognized when significant part of deliverable uses AI; premium pricing applies
Revenue $317.1mn, +2.7% q-q, +4.8% y-y in constant currency; EBIT margin 16.3%, +60bps q-q