L&T Technology Services shares surged by as much as 14.7% after the company reported its September quarter earnings in post‑market hours on Monday. The rise marked the firm’s biggest single‑day gain since 2024, taking the BSE intraday high to ₹4,140.50 and the NSE intraday high to ₹4,143. The rally reflected buying interest that followed the disclosure of the company’s financial performance for the second quarter of the current financial year.

L&T Technology Services posted a net profit of ₹548 crore in the second quarter, a 66% increase from ₹329 crore in the same period last year. Revenue from operations rose 12% to ₹3,040 crore, up from ₹2,713 crore a year earlier, while sequentially the revenue grew 3.4%. In dollar terms, revenue climbed 4.8% to $317 million and the company’s EBIT margin improved by 60 basis points to 16.3% overall performance.

The quarter saw robust deal wins, with total contract value exceeding $200 million, more than half of which were AI‑related. Wins included a $75 million deal, a $30+ million deal, a $25 million deal and six deals each worth $10 million. The company highlighted that artificial intelligence projects were a key driver of its growth during the period. CEO Amit Chadha noted that the order backlog and pipeline were both improving year on year, and that several large deals were in play, which should strengthen revenue momentum in H2 while sustaining healthy EBIT margins.

At the end of Q2FY27, the company’s patents portfolio stood at 1,808, of which 1,085 were co‑authored with clients and the remainder filed by LTTS. L&T Technology Services also announced an interim dividend of ₹20 per share, adding to shareholder value. Global investment firms such as Citi, Nomura and JPMorgan highlighted growth and margin trends, with Citi noting sustaining growth/margin metrics, Nomura citing data centres, energy transition, robotics and plant engineering, and JPMorgan raising FY27‑29 revenue and earnings growth estimates by 1‑3%.

As of 10:43 am, L&T Technology Services shares were trading 12.08% higher at ₹4,048, outperforming the NFTY LARGEMIDCAP 250 index which was down 0.4%. The post‑market earnings announcement has attracted significant buying interest, propelling the stock to its highest intraday levels since the start of 2024. Investors noted the company’s strong earnings momentum and robust AI‑driven deal pipeline as key catalysts for the rally in the market today.