L&T Technology Services' Q2 FY 2026-27 Quarterly Results

Result Summary

• L&T Technology Services Ltd reported a 3.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 0.9%.
• Its expenses for the quarter were up by 2.6% QoQ and down 1.5% YoY.
• The net profit increased 53.7% QoQ and increased 66.7% YoY.
• The earnings per share (EPS) of L&T Technology Services Ltd stood at 51.61 during Q2 FY 2026-27.

Financial Statments for Q2 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

L&T Technology Services Ltd is a prominent player in the engineering services industry, providing design, development, and testing solutions across a diverse range of sectors. These include transportation, industrial products, telecom and hi-tech, and the process industry. As a subsidiary of Larsen & Toubro, a significant Indian multinational, the company benefits from a robust foundation and extensive reach. While recent major developments specific to the company are not available, L&T Technology Services continues to leverage its expertise in digital engineering, including areas like Internet of Things (IoT), data analytics, and artificial intelligence, to meet the evolving needs of its clients.

Revenue

During the second quarter of the fiscal year 2027, L&T Technology Services Ltd reported a total income of ₹3071.30 crores. This marks a 3.4% increase compared to the previous quarter, where the total income was ₹2969.20 crores. Compared to the same quarter in the previous year (Q2FY26), where the total income was ₹3045.10 crores, there is a year-over-year increase of 0.9%. These figures highlight the company’s stable revenue generation capabilities over both short-term and long-term periods. The revenue performance reflects the company’s ability to sustain its operations and continue its growth trajectory.

Profitability

In the second quarter of fiscal year 2027, L&T Technology Services Ltd reported a profit before tax of ₹513.50 crores, which reflects a 7.9% increase from the previous quarter's figure of ₹476.00 crores. Compared to the same period in the previous fiscal year, where the profit before tax was ₹448.00 crores, there is a significant year-over-year increase of 14.6%. The tax expense for Q2FY27 was ₹133.40 crores, up from ₹123.70 crores in Q1FY27 and ₹118.80 crores in Q2FY26, resulting in a YoY increase of 12.3%. The profit after tax for Q2FY27 stands at ₹548.70 crores, representing a 53.7% increase from the previous quarter and a 66.7% increase year-over-year. The earnings per share (EPS) followed a similar trend, increasing to ₹51.61 from ₹33.59 in the previous quarter and ₹30.97 in Q2FY26.

Operating Metrics

The company’s total expenses for Q2FY27 were reported at ₹2557.80 crores, which is a 2.6% increase from ₹2493.20 crores recorded in the previous quarter. However, when compared to the same quarter of the previous year, there is a year-over-year decrease of 1.5% from ₹2597.10 crores. This reflects the company's operational efficiency in managing costs effectively over the year. The notable increase in profit after tax and earnings per share, despite the rise in expenses on a quarterly basis, indicates effective cost management and revenue enhancement strategies.