LTM Limited (LTM)
🎯 Key Takeaways
- LTM Limited is in a growth phase driven by consistent top-line expansion and improving profitability, supported by strong operational execution and strategic capital allocation. Management is focused on scaling core segments and enhancing shareholder value through dividends and credit enhancements.
- Revenue grew 2.4% QoQ to ₹9,661 in Q3FY25.
- ⚠️ 1) Over 70% of revenue is concentrated in North America, making it vulnerable to currency fluctuations and economic slowdowns. 2) Operating margin pre
📖 The Story
LTM Limited is in a growth phase driven by consistent top-line expansion and improving profitability, supported by strong operational execution and strategic capital allocation. Management is focused on scaling core segments and enhancing shareholder value through dividends and credit enhancements.
📰 What's Happening
In Q1 FY27, LTM reported consolidated revenue of ₹118,634 million, up 18% YoY, and net profit of ₹18,628 million, up 9.5% QoQ, with 6.1% growth in constant currency, reflecting robust demand and client additions. The board approved these unaudited results and reclassified Nabha Power Limited from Promoter to Public category. CRISIL reaffirmed the AAA/Stable rating and increased the bank facility to $2025.5 crore, citing strong net worth of ₹22,809 crore and 19.9% operating margins. The company also recommended a final dividend of ₹53 per share, underscoring confidence in financial resilience.
Source: Stock Announcements
📊 Quarterly Results (₹ Cr)
| Metric | Q4FY23 | Q1FY24 | Q2FY24 | Q3FY24 | Q4FY24 | Q1FY25 | Q2FY25 | Q3FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 8,691 | 8,702 | 8,905 | 9,017 | 8,893 | 9,143 | 9,433 | 9,661 |
| Operating Profit | 1,670 | 1,767 | 1,775 | 1,804 | 1,743 | 1,833 | 1,998 | 1,806 |
| OPM % | 18.4% | 18.8% | 18.3% | 17.6% | 17.3% | 17.6% | 18.0% | 16.5% |
| Net Profit | 1,114 | 1,152 | 1,162 | 1,169 | 1,101 | 1,135 | 1,252 | 1,087 |
| EPS | ₹37.65 | ₹38.92 | ₹39.27 | ₹39.50 | ₹37.16 | ₹38.30 | ₹42.25 | ₹36.65 |
Revenue has grown sequentially from ₹8,691 crore in Q4FY23 to ₹118,634 million (~₹11,863 crore) in Q1FY27, with operating margins holding steady near 17-18% despite macro volatility. Profitability remains resilient, with net profit rising from ₹1,114 crore in Q4FY23 to ₹18,628 million (~₹1,862.8 crore) in Q1FY27. This growth aligns with management's focus on operational efficiency and client expansion, particularly in core segments.
🔮 Management Outlook & What's Next
Management expects low double-digit revenue growth with improved operating leverage, as highlighted in the CRISIL filing. They emphasized sustained demand in key markets and client segments, particularly in North America, while maintaining a focus on margin discipline and execution of the AI-first strategy.
Extracted from official company announcements. Not StockFin.ai's opinion.
⚖️ Peer Comparison — IT - Software
| Company | MCap (₹ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| Tata Consultancy Services Limited | 8.19 L Cr | 17.2 | 67.6% | 50.4% | 0.00 |
| Infosys Limited | 4.54 L Cr | 16.6 | 40.8% | 29.2% | 0.00 |
| HCL Technologies Limited | 3.07 L Cr | 18.6 | 31.9% | 23.6% | 0.03 |
| Wipro Limited | 1.99 L Cr | 15.0 | 19.1% | 16.1% | 0.20 |
| Tech Mahindra Limited | 1.34 L Cr | 26.3 | 22.1% | 10.0% | 0.07 |
| LTM Limited | 1.18 L Cr | 25.7 | — | — | — |
| Oracle Financial Services Software Limited | 78,487 | 34.0 | — | — | — |
| Persistent Systems Limited | 74,176 | 54.5 | — | — | — |
| Coforge Limited | 43,059 | 50.2 | — | — | — |
| MphasiS Limited | 39,760 | 23.9 | — | — | — |
⚠️ Risk Factors
1) Over 70% of revenue is concentrated in North America, making it vulnerable to currency fluctuations and economic slowdowns. 2) Operating margin pressure could emerge if growth slows without commensurate cost optimization, despite current stability. 3) The reclassification of Nabha Power Limited may introduce governance or disclosure complexities.
📋 Recent Filings
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Announcement 13 July 2026LTM announced a strategic partnership with Anthropic to embed Claude AI models into its BlueVerse platform, targeting enterprise AI adoption across BF...
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Announcement 12 July 2026LTM Limited announced that the audio recordings of its Q1FY-26 earnings conference call held on July 11, 2026, are now available on its investor websi...
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🔴 annual report 11 July 2026LTM Limited announced a Shareholder Satisfaction Survey released on July 11, 2026, inviting feedback on shareholder services, dividend receipt, and In...
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🔴 Financial Results 11 July 2026LTM Limited reported consolidated revenue of **₹118,634 million** and net profit of **₹18,628 million** for Q1 FY27, up 18% YoY and 9.5% QoQ respectiv...
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🟡 Board Meeting 11 July 2026LTM Limited announced the outcome of its July 11, 2026 board meeting, approving unaudited standalone and consolidated financial results for Q1 FY2026 ...
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Announcement 6 July 2026LTM Limited announced the launch of BlueVerse RightLogic, a cybersecurity framework designed to help enterprises manage AI-related cyber risks through...
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🔴 Financial Results 6 July 2026LTM Limited announced its Q1 FY27 earnings conference call scheduled for July 11, 2026 at 20:00 IST, inviting investors and analysts to join via a reg...
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🟡 Board Meeting 1 July 2026CRISIL reaffirmed LTM Limited's AAA/Stable rating with a $2025.5 crore bank facility increase, citing strong financials including Rs.22,809 crore net ...
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🟡 Board Meeting 27 June 2026LTM Limited disclosed Nabha Power Limited's request to reclassify from promoter to public shareholder category following its exit from L&T Power Devel...
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Announcement 24 June 2026LTM Limited announced its membership in Athena, a Chainguard-led coalition focused on securing open source software against AI-driven vulnerabilities,...
🧠 Analyst's Read
LTM is executing disciplined growth with improving profitability and strong cash flows, supported by a robust credit profile. Investors should monitor North America revenue trends and margin sustainability in upcoming quarters.
Based on filing content and financial data. Not a recommendation.
Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-07-14.
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