Financial Performance Highlights

Revenue Performance:

  • Q2FY27 Revenue: ₹30,404 million, representing 3.4% QoQ growth and 12.1% YoY growth
  • USD Revenue: $317.1 million, showing 2.3% QoQ growth and 3.3% YoY growth
  • Constant Currency Revenue Growth: 2.7% QoQ and 4.8% YoY

Profitability Metrics:

  • EBIT: ₹4,966 million for the quarter with EBIT margin of 16.3%, improving 60 bps QoQ and 220 bps YoY
  • Net Income: ₹5,482 million, showing 53.7% QoQ growth and 66.8% YoY growth
  • Net Income includes one-time gain of ₹1,650 million from disinvestment of SWC business
  • Net Income Margin: 18.0% (including one-time gain)
  • Gross Margin: 32.4% in Q2FY27 vs 31.7% in Q1FY27 and 29.8% in Q2FY26
  • EBITDA Margin: 19.3% in Q2FY27

Other Income:

  • Income from investments, net: ₹410 million in Q2FY27
  • Foreign exchange gains/(loss): ₹(311) million in Q2FY27
  • Other income: ₹71 million in Q2FY27
  • Total Other Income: ₹170 million in Q2FY27

Capital Return

  • Interim Dividend declared: ₹20 per share
  • Record Date: October 27, 2026

Operational Performance

Segment Performance:

  • Mobility: 32.3% of revenue, 2.3% QoQ growth, 4.7% YoY growth
  • Sustainability: 38.0% of revenue, 4.9% QoQ growth, 13.4% YoY growth
  • Tech: 29.7% of revenue, (0.9)% QoQ growth, (8.5)% YoY growth

Geographic Revenue Mix:

  • North America: 60.7% of revenue, 2.8% growth
  • Europe: 17.7% of revenue, 0.6% growth
  • Rest of World: 21.6% of revenue

Revenue Delivery Mix:

  • Onsite: 44.1% of revenue
  • Offshore: 55.9% of revenue

Project Type Mix:

  • Fixed Price: 35.6% of revenue
  • Time and Material Contract: 64.4% of revenue

Client Profile

Based on Last Twelve Months revenue:

  • $50M+ clients: 1
  • $30M+ clients: 6
  • $20M+ clients: 12
  • $10M+ clients: 29
  • $5M+ clients: 60
  • $1M+ clients: 197

Client Concentration:

  • Top 5 clients: 15.7% of revenue
  • Top 10 clients: 26.7% of revenue
  • Top 20 clients: 41.0% of revenue

Deal Wins

  • Large deal TCV: $200+ million in Q2FY27
  • AI-related deals: Over 50% of total deal value
  • Major wins include: $75M deal, $30+M deal, $25M deal, and six $10+M deals

Key Partnerships and Initiatives

  • EIOne platform with 100+ solutions across Engineering, Products, Manufacturing & Operations
  • AI ecosystem partnerships with Anthropic, NVIDIA, Databricks and leading Hyperscalers
  • EI Lab launched in partnership with NVIDIA for Physical AI-native applications
  • Strategic partnership with Cognite for industrial AI and data solutions
  • LTTS FARM startup engagement platform launched

Human Resources

  • Total Headcount: 24,035 as of September 30, 2026
  • Billable: 22,449
  • Sales & Support: 1,586
  • Voluntary Attrition (LTM): 14.7%
  • Global presence: 21 global design centers, 31 global sales offices, 111 innovation labs

Intellectual Property

  • Total patents: 1,808 as of Q2FY27
  • Client co-authored patents: 1,085
  • LTTS-filed patents: 723
  • AI patent filings: Exceeded 250

Balance Sheet Position (as at September 30, 2026)

  • Property and equipment: ₹8,557 million
  • Intangible Assets and Goodwill: ₹13,658 million
  • Accounts Receivable: ₹21,052 million
  • Unbilled Revenues: ₹5,931 million
  • Investments: ₹27,347 million
  • Cash and Cash equivalents: ₹14,401 million
  • Other current assets: ₹9,358 million
  • Shareholders' Funds: ₹70,810 million

Cash Flow (YTD FY27)

  • Net cash from operating activities: ₹8,545 million
  • Capex: ₹649 million
  • Free Cash Flow: ₹7,896 million
  • Free Cash Flow to Net Income: 108%

Awards and Recognitions

  • Gold Award for Industrial Engineering and Automation R&D at CII Awards for Excellence in R&D 2026
  • Leader in Everest Group's Product Lifecycle Management (PLM) Services PEAK Matrix® Assessment 2026
  • nasscom AI Gamechangers Award 2026 in Manufacturing category for PLxAI solution
  • ET Edge Best Tech Brands Awards 2026

Corporate Social Responsibility

  • Mobile Innovation Lab in Mysore for government school students
  • South Gujarat Skill Development Initiative for school dropouts and unemployed graduates

Guidance and Outlook

  • Expect revenue momentum to strengthen in H2 while sustaining healthy EBIT margins
  • Long-term aspiration: 13-15% revenue CAGR with EBIT margins in 16-17% range over next five years