L&T Tech Profit Jumps 67% on One-Time Gain

L&T Technology Services (

) announced its Q2 FY27, Reported net profit rose 66.8% year on year to ₹548.2 crore, from ₹328.7 crore. Much of that jump comes from a one-off gain, so the underlying picture is more modest. The one-time gain: Reported profit includes ₹165 crore (net of tax) from the sale of its Smart World and Communication business to AMI Paradigm Solutions. Excluding it, profit would be about ₹383 crore, up roughly 17% year on year. Revenue: It rose 12.1% year on year to ₹3,040.4 crore (from ₹2,713.3 crore) and 3.4% from the previous quarter. Large deals and AI: Large-deal wins exceeded $200 million in total, and AI-related deals made up over half of that. CEO Amit Chadha credited its “Engineering Intelligence” push for faster sequential growth in revenue, profit, large deals and AI revenue. Shareholder return: An interim dividend of ₹20 per share for FY27. Recognition: Everest Group named LTTS a Leader in its Product Lifecycle Management services assessment.