L&T Technology Services (LTTS) shares surged nearly 11% to cross the Rs 4,000 mark after the engineering research and development company delivered a stronger-than-expected second quarter, with investors focusing on margin expansion, AI-led deal wins and management’s confidence that growth will accelerate in the second half of the year.
LTTS’ revenue rose 3.4% sequentially to ₹3,040 crore in the quarter ended September, while dollar revenue increased 2.7% sequentially in constant currency terms to $317 million. EBIT margin expanded 60 basis points to 16.3%, reaching the company’s mid-16% target earlier than expected.
