INFORMATION TECHNOLOGY · NSE/BSE: LTM

LTM Limited Earnings Summary — Q2 FY2027

Sentiment: Positive

AI-generated summary

Generated 2026-10-17

Generated using: Official Earnings Press Release

Business Intelligence Report

LTM Posts Q2 FY27 Revenue of ₹118,076M Up 13.6% YoY; EBIT Margin at 15.6% and ₹25 Interim Dividend Declared

Quarterly Business Intelligence

Q2 FY2027

Financials from Financial Intelligence · data as of 2026-09-30

Revenue

₹11,808 Cr

QoQ +1.7%YoY +13.6%

Net Profit

₹1,398 Cr

QoQ -4.7%YoY -0.2%

Operating Profit

₹2,093 Cr

QoQ +1.6%YoY +8.5%

Operating Margin

17.7%

QoQ -2 bpsYoY -84 bps

AI Quarterly Scorecard™

/ 100

Healthy

Revenue Momentum78

Profit Growth51

Margin Expansion50

Growth Consistency100

Operating Efficiency54

Financial Stability82

Computed deterministically from the last 10 reported quarters.

Quarterly Business Momentum

Revenue & Growth

Revenue has increased for 10 consecutive quarters.
Revenue of ₹11,808 Cr is 13.6% higher year-on-year.
Revenue has compounded at 12.0% annualised over the last 10 quarters.
Revenue is at its highest level in 10 quarters.

Profitability

Net profit of ₹1,398 Cr is 0.2% below the same quarter last year.
Profit growth is trailing revenue growth this quarter.
Net profit has compounded at 9.8% annualised across the period.

Margins

Operating margin stands at 17.7% in Q2 FY2027.
Operating margin compressed by 84 bps year-on-year.
Over the last two years operating margin has contracted by 28 bps.
PBT margin is 15.8%.

Operating Efficiency

Expenses grew 14.8% against revenue growth of 13.6%.
Operating profit of ₹2,093 Cr is 8.5% higher year-on-year.
Operating leverage has been under pressure recently.

Overall Momentum

6 of the last 6 measured quarters delivered year-on-year revenue growth.
Overall quarterly business momentum scores 69/100 (Healthy) on the latest 10 quarters.
Business momentum is broadly stable quarter to quarter.

Quarterly Financials

Last 10 Reported Quarters • All figures in ₹ Crore • Margins in %

Metric	Trend	Latest Q2 FY2027	Q1 FY2027	Q4 FY2026	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025
Revenue	Stable	11,808	11,608	11,292	10,781	10,394	9,841	9,772	9,661	9,433	9,143
Expenses	Stable	9,714	9,547	9,319	8,778	8,464	8,191	8,176	8,068	7,734	7,537
Operating Profit	Improving	2,093	2,061	1,973	2,003	1,930	1,649	1,596	1,593	1,699	1,606
Operating Margin	Stable	17.7%	17.8%	17.5%	18.6%	18.6%	16.8%	16.3%	16.5%	18.0%	17.6%
Other Income	Volatile	92	255	237	-363	300	392	251	213	299	227
Interest	Stable	70	76	65	69	69	72	67	69	70	72
Depreciation	Stable	255	261	264	266	282	243	251	264	241	235
Profit Before Tax	Accelerating	1,860	1,978	1,881	1,305	1,879	1,726	1,529	1,473	1,687	1,526
Tax	Accelerating	480	510	494	345	498	472	401	386	435	391
Net Profit	Accelerating	1,398	1,466	1,392	971	1,401	1,254	1,129	1,085	1,251	1,134
Net Margin	Accelerating	11.8%	12.6%	12.3%	9.0%	13.5%	12.7%	11.6%	11.2%	13.3%	12.4%

Source: Financial Intelligence (Structured Quarterly Data)•Latest Quarter: Q2 FY2027•Figures in ₹ Crore • Margins in %•Automatically updated from Financial Intelligence · 2026-09-30

Key Takeaways

Revenue from operations rose 13.6% YoY and 1.7% QoQ to ₹118,076 million ($1,235.2 million, up 5.1% YoY in constant currency).
EBIT margin expanded by 10 bps QoQ to 15.6%, with EBIT reaching ₹18,381 million (up 2.2% QoQ and 11.5% YoY).
Net profit declined 6.0% QoQ to ₹13,799 million, primarily impacted by lower other income (₹915 million vs ₹2,554 million in Q1 FY27).
Quarterly order inflow remained solid at $1.26 billion, bringing trailing twelve-month (TTM) order inflow to $6.32 billion.
Enterprise AI and Business AI combined revenue recorded robust growth of 47% YoY.
Active client count reached 729 with 20 new clients added during the quarter, including the addition of a new client into the $100M+ revenue bucket.
The Board approved an interim dividend of ₹25 per equity share of par value ₹1 each with a record date of October 23, 2026.

Management Guidance

Management highlighted strong positioning for accelerated growth driven by their AI-centric execution and tech-domain convergence strategy. While formal quantitative annual guidance was not published in the earnings release, leadership expressed confidence in pipeline momentum and sustained expansion across industry segments.

Sentiment Shift

Improving

Revenue showed steady sequential improvement alongside margin expansion (+10 bps QoQ), coupled with strong 47% YoY growth in AI capabilities and healthy deal wins ($1.26B order inflow), offsetting the QoQ dip in PAT caused by non-operating other income normalization.

Confident

Growth-oriented

Execution-focused

Outlook

LTM expects continued traction driven by enterprise adoption of AI, domain-led cloud transformations, and large deal conversions across Financial Services, Consumer, and Production verticals.

From the Annual Report (Key Quotes)

“Our broad-based performance reflects the successful execution of our AI-centric strategy. The revenue across Enterprise AI and Business AI together grew 47% YoY.”

“This is a testament to our tech-domain convergence approach to AI adoption, which also led to the addition of a Financial Services client to our USD 100 million-plus category. We are well positioned for stronger growth ahead.”