LTM Limited Earnings Summary — Q4 FY2026
LTM Limited Reports Solid Revenue Growth in Q4, Rebounding from Q3 Anomaly
Quarterly Business Intelligence
AI Quarterly Scorecard™
Computed deterministically from the last 10 reported quarters.
Quarterly Business Momentum
- Revenue has increased for 10 consecutive quarters.
- Revenue of ₹11,608 Cr is 18.0% higher year-on-year.
- Revenue has compounded at 12.6% annualised over the last 10 quarters.
- Revenue is at its highest level in 10 quarters.
- Net profit has reached its highest level in 10 quarters.
- Net profit of ₹1,466 Cr is 16.9% above the same quarter last year.
- Profit growth is trailing revenue growth this quarter.
- Net profit has compounded at 13.6% annualised across the period.
- Operating margin stands at 17.8% in Q1 FY2027.
- Operating margin expanded by 99 bps year-on-year.
- Over the last two years operating margin has expanded by 18 bps.
- PBT margin is 17.0%.
- Expense growth of 16.6% remained below revenue growth of 18.0%.
- Operating profit of ₹2,061 Cr is 24.9% higher year-on-year.
- Operating leverage continues to improve.
- 6 of the last 6 measured quarters delivered year-on-year revenue growth.
- Overall quarterly business momentum scores 76/100 (Strong) on the latest 10 quarters.
- Business momentum remains positive heading into the next quarter.
Quarterly Financials
Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %
| Metric | Trend | Latest Q1 FY2027 | Q4 FY2026 | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | Improving | 11,608 | 11,292 | 10,781 | 10,394 | 9,841 | 9,772 | 9,661 | 9,433 | 9,143 | 8,893 |
| Expenses | Stable | 9,547 | 9,319 | 8,778 | 8,464 | 8,191 | 8,176 | 8,068 | 7,734 | 7,537 | 7,357 |
| Operating Profit | Improving | 2,061 | 1,973 | 2,003 | 1,930 | 1,649 | 1,596 | 1,593 | 1,699 | 1,606 | 1,536 |
| Operating Margin | Stable | 17.8% | 17.5% | 18.6% | 18.6% | 16.8% | 16.3% | 16.5% | 18.0% | 17.6% | 17.3% |
| Other Income | Volatile | 255 | 237 | -363 | 300 | 392 | 251 | 213 | 299 | 227 | 208 |
| Interest | Stable | 76 | 65 | 69 | 69 | 72 | 67 | 69 | 70 | 72 | 68 |
| Depreciation | Stable | 261 | 264 | 266 | 282 | 243 | 251 | 264 | 241 | 235 | 227 |
| Profit Before Tax | Improving | 1,978 | 1,881 | 1,305 | 1,879 | 1,726 | 1,529 | 1,473 | 1,687 | 1,526 | 1,448 |
| Tax | Improving | 510 | 494 | 345 | 498 | 472 | 401 | 386 | 435 | 391 | 348 |
| Net Profit | Improving | 1,466 | 1,392 | 971 | 1,401 | 1,254 | 1,129 | 1,085 | 1,251 | 1,134 | 1,100 |
| Net Margin | Stable | 12.6% | 12.3% | 9.0% | 13.5% | 12.7% | 11.6% | 11.2% | 13.3% | 12.4% | 12.4% |
Key Takeaways
- Revenue reached a record quarterly high of 11,292 Cr in Q4 FY26, growing 15.6% YoY.
- Net Profit rebounded significantly (+44% QoQ) after an anomaly in Other Income during Q3 Dec 2025.
- Operating margins show signs of stabilization at 17-18% range, although down from historical peaks of 22%.
- EPS recovered to 46.96 per share from 32.74 in the preceding quarter.
- The balance sheet remains exceptionally strong with high reserves and manageable debt levels.
- Sales growth over the last 3 years has moderated to 8% CAGR, indicating a shift into a mature phase.
- Maintaining a consistent dividend payout policy, increasing to 44% in FY26.
- Promoter holding has stabilized around 68.5% as the company meets public shareholding norms.
Management Guidance
Management is focusing on 'BlueVerse' AI-native models and outcome-based pricing to navigate generative AI disruptions.
Sentiment Shift
Improving
A strong recovery in net profit and revenue growth in Q4 offsets the sharp dip seen in Dec 2025 caused by negative other income.
Outlook
The outlook is stable with high credit quality. Focus remains on integrating AI capabilities to combat sectoral headwinds in global IT services.
From the Annual Report (Key Quotes)
“Strategic focus on 'BlueVerse' AI-native models and outcome-based pricing suggests a proactive approach to the generative AI disruption.”
“The company maintains superior operational metrics including a ROCE of 30% and ROE of 23%.”
“Tier-1 scale post Mindtree merger provides brand trust under the Larsen & Toubro umbrella.”
Official Quarterly Documents
This summary is AI-generated from LTM Limited's latest quarterly filing and earnings call. For informational purposes only — not investment advice.