L&T Technology Services declares INR 20 dividend per L&T Technology Services stock

Published on 10/20/2026 at 01:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 12.1 percent to INR 30.404 billion. For L&T Technology Services stock, EBIT margin reached 16.3 percent.

Shareholder return and margins

The board approved an INR 20 interim dividend on October 19, 2026.
Second-quarter revenue rose 12.1 percent year over year to INR 30.404 billion.
EBIT margin reached 16.3 percent in the second quarter of fiscal 2027.

L&T Tech, INE010V01017, Illustration mit AI erstellt.

L&T Technology Services approved an INR 20 interim dividend on October 19, 2026, according to PSU Connect. The decision came with results for the second quarter ended September 30, 2026, giving the stock a fresh shareholder-return angle alongside stronger operating figures.

Revenue rose 12.1 percent

According to The Wire, revenue reached INR 30.404 billion in the second quarter, up 12.1 percent from the same quarter a year earlier. Revenue also rose 3.4 percent from the preceding quarter, while dollar revenue reached USD 317.00 million and grew 4.8 percent year over year in constant currency.

Net income rose 66.8 percent year over year to INR 5.482 billion. The figure included a one-time INR 1.650 billion gain from the disinvestment of the Smart World and Communication business, so the headline profit increase carries an identifiable nonrecurring component.

What does the dividend mean for margins?

The operating picture was firmer than the net-income figure alone suggests. CNBC TV18 reported that EBIT margin improved to 16.3 percent from 15.7 percent in the preceding quarter, a 0.6 percentage point increase. Large deals exceeded USD 200.00 million in total contract value, and AI-related projects represented more than half of that amount.

The record date for the INR 20 dividend is October 27, 2026, according to PSU Connect. Management also retained a longer-term ambition of 13 to 15 percent annual revenue growth and EBIT margins of 16 to 17 percent, while pointing to stronger momentum in the second half of fiscal 2027.

NSE price and valuation

L&T Technology Services was at INR 3,611.30 on the NSE on October 19, 2026 at 3:30 p.m. IST. Its market capitalization was INR 383.1 billion, and the 52-week range stood at INR 3,010.00 to INR 4,726.00 on that date.

The combination of 12.1 percent revenue growth and a 0.6 percentage point sequential margin gain gives the dividend announcement an operating backdrop. The one-time gain means investors will likely separate recurring profitability from the reported net-income increase.