Highlights
- LTM reported 18% YoY revenue growth during the first quarter of FY27.
- Consolidated net profit increased 17.1% YoY in the June quarter results.
- Board approved Nabha Power reclassification request, subject to regulatory approvals.
LTM Limited (NSE:LTM) reported its financial results for the quarter ended June 30, 2026, after the Board of Directors approved the unaudited standalone and consolidated financial statements during its meeting held on July 11, 2026. The company also took note of the limited review reports issued by Deloitte Haskins & Sells Chartered Accountants LLP.
Alongside the quarterly results, the Board approved the request for the reclassification of Nabha Power Limited from the 'Promoter Group' category to the 'Public' category, subject to the necessary regulatory approvals under applicable SEBI Listing Regulations.
Source: Analysis by Kalkine
Revenue Climbs 18% Year-on-Year
LTM reported consolidated revenue from operations of INR 116,080 million during the first quarter of FY27, compared with INR 98,406 million in the corresponding quarter last year, representing an 18% year-on-year increase. Revenue also increased 2.8% sequentially from INR 112,917 million reported in the March 2026 quarter.
Total consolidated income stood at INR 118,634 million during the quarter compared with INR 102,327 million a year earlier.
On the standalone basis, revenue from operations increased to INR 109,883 million from INR 94,211 million in the corresponding quarter of FY26, while total income reached INR 110,392 million.
Profit and Margin Performance
Consolidated profit before tax was INR 19,784 million, compared with INR 17,262 million in the corresponding quarter last year. Tax expense for the quarter amounted to INR 5,098 million.
Net profit after tax attributable to the period came in at INR 14,686 million, up from INR 12,546 million in the year-ago quarter. Total comprehensive income stood at INR 20,740 million.
The company reported earnings per share of INR 49.46 on a basic basis and INR 49.42 on a diluted basis.
Standalone profit after tax was INR 12,411 million, compared with INR 12,974 million in the corresponding quarter last year.
According to the investor presentation, EBIT margin stood at 15.5% during the quarter, while net profit reached INR 14,686 million.
Business Segments and Client Metrics
Financial Services remained the largest reporting segment, generating revenue of INR 39,509 million during the quarter. Consumer contributed INR 30,868 million, Technology & Services generated INR 23,158 million, while Production accounted for INR 22,545 million.
During the quarter, LTM reorganised and renamed its reportable operating segments to better align with customer industry segments. The revised reporting structure now comprises Financial Services, Consumer, Technology & Services, and Production, with comparative figures restated for earlier periods.
The company reported 740 active clients during the quarter and added 16 new clients. The number of clients contributing more than USD 10 million annually increased to 104, while clients contributing over USD 20 million rose to 52.
Employee strength stood at 87,886 at the end of June 2026, while trailing twelve-month attrition remained at 13.3%.
Other Developments During the Quarter
The company disclosed that its UK subsidiary entered into a Put Option Deed with Randstad entities regarding the proposed acquisition of subsidiaries across several European markets and Australia at an enterprise valuation of up to EUR 160 million on a cash-free, debt-free basis, subject to valuation adjustments, definitive agreements and regulatory approvals. As of June 30, 2026, the transaction had not been completed and no financial impact had been recognised.
LTM also recognised a fair value gain of INR 2,978 million under other income relating to convertible instruments held in Voicing.AI Inc., which were subsequently converted into equity instruments during the quarter.
The Board further noted that the final dividend of INR 53 per equity share for FY26 had been approved by shareholders and paid before the end of the quarter.
Chief Executive Officer and Managing Director Venu Lambu said, “Our Q1FY27 performance reflects the progress we have made in executing our AI-centric strategy and our continued profitable growth journey. Our AI pivot is now producing tangible proof points for clients, visible in the outcomes we are creating and in the size and nature of the engagements we are winning. With a strong order book and healthy pipeline across our industry segments, we are confident that our growth momentum will continue to build through the year.”
Key Risks
- Delays in regulatory approvals could affect proposed acquisition completion.
- Currency fluctuations may influence reported earnings and margins.
- Client spending changes could impact future revenue growth.
- Large enterprise deal execution remains subject to implementation risks.
Summary
LTM reported higher revenue and profit for the first quarter of FY27, supported by growth across reporting segments and increased client metrics. The company also approved Nabha Power's reclassification request, subject to approvals, disclosed progress on a proposed overseas acquisition, and reported a fair value gain from convertible instruments while maintaining employee strength of 87,886.
FAQs
Q: What was LTM's revenue during Q1 FY27?
A: LTM reported consolidated revenue from operations of INR 116,080 million, up 18% from the corresponding quarter last year.
Q: What was LTM's net profit in the June 2026 quarter?
A: Consolidated net profit after tax for Q1 FY27 stood at INR 14,686 million, compared with INR 12,546 million a year earlier.
Q: What other Board decision was announced alongside the quarterly results?
A: The Board approved Nabha Power Limited's reclassification request from Promoter Group to Public, subject to regulatory approvals.