L&T Tech posts marginal revenue beat, affirms FY26 guidance

L&T Technology Services delivered Q2 revenue slightly above street estimates — ₹2,980 crore vs expected ₹2,946 crore — driven by strength in its tech and North American business. Net profit climbed ~2.8%. The company reaffirmed its double-digit growth outlook for FY26. Its tech vertical, especially in semiconductor, med-tech and consumer electronics, grew ~28.6% YoY. The result underscores resilience in niche engineering services amidst broader IT volatility.