L&T Tech Q1 FY27 results: Net profit rises 7% to ₹357 crore; revenue in dollar terms rises to $310 million QoQ

The company’s revenue from operations for the quarter under review came in at ₹2,940 crore, rising 3% quarter-on-quarter (QoQ).

Revenue in US dollar terms stood at $310 million, up 1.5% QOQ, while in constant currency, revenue increased 1.9% YoY.

EBITDA, or earnings before interest, taxes, depreciation, and amortisation for the quarter, came in at ₹548 crore, up 5% QoQ. 

EBIT, or earnings before interest and taxes, for the company came in at ₹461.3 crore. EBIT margin stood at 15.68%.

The company continues to see strong momentum in large deals, securing one contract exceeding $30 million, another above $20 million, and four deals valued at over $10 million each.

At the end of Q1 FY27, L&T Technology Services’ employee strength stood at 23,845.

Management commentary

“The strategic actions undertaken as part of our Lakshya 31 agenda are beginning to translate into tangible business outcomes, reflected in healthy quarterly growth and sustained margin improvement. Q1 revenue grew 11.5% YoY in rupee terms and EBIT margins improved 200 bps YoY to 15.7%,” said Amit Chadha, CEO & Managing Director, L&T Technology Services.

Chadha said the company’s Engineering Intelligence solutions are driving larger deal opportunities and deeper client engagements by embedding AI across products, workflows, systems and manufacturing processes.

“With a strong foundation established under Lakshya 31 five-year plan and continued investments across our Six Technology Bets, we remain confident in our ability to deliver sustainable, profitable growth. Our aspiration of achieving 13-15% CAGR over the next five years reflects both the strength of our strategy and the confidence we have in our execution,” he added.

On Tuesday, L&T Technology Services shares slipped 0.14% on the National Stock Exchange to settle at ₹3,293.10 apiece. The earnings, however, came after the market hours.