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LTM

LTM Reports 5% YoY Net Profit Decline, Approves ₹25 Per Share Dividend

LTM posted a 5% year‑on‑year decline in consolidated net profit, amounting to ₹1,398 crore for the quarter ended 30 September 2026‑27, down from ₹1,466 crore in the preceding quarter. The order inflow for the quarter stood at $1.26 billion, a drop from $1.68 billion in the previous quarter and $1.59 billion a year earlier. The board approved an interim dividend of ₹25 per equity share of ₹1, setting 23 October 2026 as the record date for payment.

Revenue from operations rose 2% QoQ to ₹11,808 crore, up from ₹11,608 crore in Q1 FY27. Operating profit (EBIT) increased 2.2% to ₹1,839 crore versus ₹1,799 crore QoQ, while the margin for the quarter expanded from 15.6% in Q2 FY27 to 15.5% sequentially. On a constant‑currency basis, dollar revenue grew 1.1% sequentially to $1,235.2 million and 5.1% YoY.

Chief Executive Officer and Managing Director Venu Lambu said the firm’s broad‑based performance reflects successful execution of its AI‑centric strategy. Revenue across Enterprise AI and Business AI grew 47% YoY, and the company added a Financial Services client to its $100 million‑plus category, underscoring its tech‑domain convergence approach to AI adoption.

Total headcount stood at 88,835, with 949 additions during the quarter. Among industry segments, consumer revenue grew 8.6% YoY in constant currency, production 7.4%, and technology and services 7%. Financial services, LTM’s largest segment, grew 0.4% annually. By geography, North America, accounting for 74.3% of revenue, grew 4.8% YoY in constant currency, Europe 7.2% and the rest of the world 4.4%.

On 16 October, LTM shares closed at ₹4,390 apiece on the National Stock Exchange, up 3.66%. The earnings announcement came after market hours. As of that date, the firm’s market capitalisation stood at ₹1.30 lakh crore. The Larsen & Toubro group firm is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximise growth by harnessing digital technologies.