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LTM Limited (LTM)

Information Technology · IT - Software · NSE · Updated 16 June 2026

₹3,897.9

🎯 Key Takeaways

LTM Limited is in a mature growth phase with stable profitability and consistent capital allocation, as evidenced by sustained margins and a recent dividend declaration. Management is focused on governance continuity and incremental expansion, with no major strategic pivots announced.
Revenue grew 2.4% QoQ to ₹9,661 in Q3FY25.
⚠️ Margin compression is emerging, with operating margin declining from 18.8% in Q1FY24 to 16.5% in Q3FY25, potentially signaling cost inflation or ineff

Market Cap

₹1.18 L Cr

P/E Ratio

25.7

Div Yield

0.00%

Promoter

0.0%

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📖 The Story

LTM Limited is in a mature growth phase with stable profitability and consistent capital allocation, as evidenced by sustained margins and a recent dividend declaration. Management is focused on governance continuity and incremental expansion, with no major strategic pivots announced. The company maintains a disciplined financial profile, balancing profitability with shareholder returns.

📰 What's Happening

The most significant recent development was the 30th Annual General Meeting on June 1, 2026, where all resolutions were passed, including the declaration of a final dividend of INR 53 per share and the elevation of Vipul Chandra to Whole-time Director. Chairman S.N. Subrahmanyan highlighted FY-26 performance and the brand rebranding to LTM Limited. Appointments of R. Shankar Raman as reappointed director and Angna Arora as Company Secretary were also confirmed. No new business initiatives or forward-looking guidance were provided during the meeting. Shareholder participation stood at 1,174 votes, with remote e-voting mechanisms validated by the Scrutinizer’s report.

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

LTM has demonstrated relatively stable top-line growth over the past eight quarters, with revenue increasing from ₹8,691 Cr in Q4FY23 to ₹9,661 Cr in Q3FY25. However, operating profit and net profit have shown a marginal decline in recent quarters, with OP dropping from ₹1,998 Cr in Q2FY25 to ₹1,806 Cr in Q3FY25, and NP falling from ₹1,252 Cr to ₹1,087 Cr. Operating margin has compressed from 18.8% in Q1FY24 to 16.5% in Q3FY25, indicating pressure on profitability despite revenue growth. EPS has also declined from ₹42.25 in Q2FY25 to ₹36.65 in Q3FY25, reflecting the impact of rising costs or investments not fully offset by revenue gains.

🔮 Management Outlook & What's Next

Management did not provide any forward guidance during the 30th AGM on June 1, 2026, and no forward-looking statements were included in the routine general filings submitted on June 10 and June 12, 2026. The company’s disclosures remain focused on historical performance and governance updates rather than future expectations. The absence of strategic commentary suggests a conservative approach to communication, with no indication of upcoming catalysts or revised growth targets.

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	—	—	—

🔗 Peer Stock Analyses

TCS INFY HCLTECH WIPRO TECHM

⚠️ Risk Factors

1. Margin compression is emerging, with operating margin declining from 18.8% in Q1FY24 to 16.5% in Q3FY25, potentially signaling cost inflation or inefficiencies that management has not yet addressed. 2. Lack of forward guidance creates uncertainty about management’s confidence in future performance, making it difficult to assess growth sustainability. 3. Revenue growth is modest and slowing slightly, with sequential growth flattening in recent quarters, raising questions about the effectiveness of current expansion strategies.

📋 Recent Filings

🧠 Analyst's Read

LTM Limited appears to be a well-governed, dividend-paying mature IT services company with stable but slowing growth. The absence of strategic updates or margin improvement initiatives warrants caution, and investors should monitor future disclosures for signs of renewed investment, cost control measures, or clearer growth pathways.

Based on filing content and financial data. Not a recommendation.

✨ Deep Dive with AI on LTM

Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only — not investment advice. Updated 2026-06-16.