LTM Ltd.AI Headwinds Behind, Growth Accelerating

LTM Ltd. delivered a solid Q1 FY27 performance with revenue of ₹11,608 crore, growing 2.8% quarter-on-quarter and 18% year-on-year.

The company achieved USD 1,224 million in dollar terms, reflecting 6.4% year-on-year constant currency growth. EBIT margin expanded 40 basis points to 15.5% despite wage hikes, driven by operational efficiencies. Profit after tax surged 17.1% year-on-year to ₹1,469 crore with PAT margin improving 80 basis points to 12.7%. Management disclosed AI revenue of USD 150 million quarterly run rate, representing approximately 12% of total revenue.

The Financial Services segment returned to growth with 3.2% sequential expansion after prolonged headwinds, while Tech & Services grew 3.4% quarter-on-quarter. The order book remains stable at USD 1.7 billion with two large deal wins. CEO Venu Lambu confirmed that productivity-linked pricing transitions are complete and expressed confidence that growth will accelerate through Q2 and H2 with continued margin expansion, targeting better performance than FY2026's 6% constant currency growth.