Synopsis:
A leading engineering services provider secured a $100 million multi-year deal with a US industrial equipment maker, boosting market sentiment. The agreement emphasizes AI-driven innovation, automation, and product engineering, strengthening global partnerships, revenue visibility, and positioning in digital transformation-led growth.
The shares of the leading engineering and technology service providers gained up to 1.0 percent after the company bagged a USD 100 Million Multi-Year Program from a US-based industrial Equipment Manufacturer.
With a market capitalization of Rs 44,007.91 crore, the shares of L&T Technology Services Ltd were trading at Rs 4,152.25 apiece, increasing around 0.92 percent as compared to the previous closing price of Rs 4,114.30 apiece.
Multi-year Agreement
The shares of L&T Technology Services Ltd have seen bullish movement after securing a $100 million multi-year deal with a US-based industrial equipment manufacturer in the semiconductor value chain. The partnership will focus on product development, sustenance engineering, value engineering, and automation. By leveraging AI, computer vision, and advanced automation, LTTS aims to strengthen its position as a technology leader while expanding global client engagement and revenue visibility.
Additionally, the company will establish a Center of Excellence to drive innovation, streamline platforms, enhance application engineering, and support the client’s transition toward a more digital, AI-driven future, strengthening long-term technological capabilities and collaboration.
Amit Chadha, CEO & Managing Director, L&T Technology Services, said, “We deeply value the trust and confidence our client has placed in us and are committed to further strengthening this relationship as we move ahead with this transformational program. This engagement underscores LTTS’s expertise in leveraging AI-driven innovation to address complex engineering challenges in high-growth industries. By harnessing our capabilities in AI, automation, and product engineering, we are empowering our client to further expand their market share and stay ahead of the curve.”
Financial & Operational Highlights
The company delivered solid topline growth, with revenue rising 16 percent year-on-year to Rs 2,866 crore in Q1FY26. However, net profit remained nearly flat, inching up just 1 percent to Rs 316 crore, reflecting higher costs or margin pressures despite strong sales momentum.
LTTS stands as a global leader in digital engineering and R&D, with 459 global clients, a highly skilled workforce of over 23,600 employees, and a presence across 25+ countries. Recognized for employee excellence and innovation, LTTS is trusted in mobility, tech, and sustainability solutions, driving strategic growth for top-tier clients across multiple industries.
LTTS segments are driven by next-gen technologies like AI, automation, and digital transformation across automotive, energy, chemicals, MedTech, and smart cities. Key growth themes include logistics, sustainability, modernization, efficient machinery, and cybersecurity. Cross-segment trends such as Gen AI and embedded hardware further fuel innovation and competitive solutions for diverse global industries.
LTTS targets $2 billion revenue in the medium term, driven by strong growth across mobility, sustainability, and tech segments. The company expects robust annual growth rates of 20-22% in mobility, 14-16% in sustainability solutions, and 18-20% in tech, positioning itself for leadership in digital engineering solutions.
L&T Technology Services is a global leader in Engineering Research and Development (ER&D), providing technology consulting and design services for products across various industries. The company operates with the principle of ‘Purposeful. Agile. Innovation.’ to reshape the future for its global clients by leveraging technology for growth.
Written by Abhishek Singh
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