L&T Technology Services declares 1000% interim dividend

L&T Technology Services (LTTS) has declared an interim dividend of Rs 20 per equity share of face value Rs 2 each, equating to 1000%, for FY 2026-27. The board approved the payout at its meeting on October 19, 2026. The company has fixed October 27, 2026 as the record date to determine eligible shareholders. Alongside the dividend announcement, LTTS reported strong Q2 FY27 results. Consolidated net profit rose 66.8% year-on-year to Rs 548.2 crore, compared with Rs 328.7 crore in the year-ago quarter. The figure includes a one-time gain of Rs 165 crore from the sale of its Smart World and Communication business, completed on September 1. Revenue from operations grew 12.1% YoY to Rs 3,040.4 crore. In dollar terms, revenue stood at $317 million, up 4.8% YoY in constant currency. EBIT margin expanded 60 basis points sequentially to 16.3%. The engineering R&D major also secured large deal wins exceeding $200 million in total contract value during the quarter, with AI-related deals contributing more than half. Employee strength stood at 24,035 at the end of the quarter.