LTM Ltd.Strong Momentum with Margin Expansion

LTIMindtree delivered a solid Q3 FY26 performance with revenues of USD 1,208 million, growing 2.4% sequentially and 6.1% year-over-year despite seasonal headwinds.

Operating EBIT margin expanded by 20 basis points to 16.1%, demonstrating strong execution capability. In rupee terms, revenue reached ₹10,781 crore, up 3.7% quarter-on-quarter and 11.6% year-on-year, while adjusted profit after tax grew 1.5% sequentially to ₹1,401 crore. Order inflow remained robust at USD 1.7 billion, up 6.4% quarter-on-quarter. Management highlighted that four of the top five clients have largely completed their productivity journey, with the remaining client expected to bottom out in Q4. The company won a significant USD 155 million deal with a leading U.S. insurance firm, showcasing its large deal execution capabilities.

Management expressed confidence in achieving near double-digit growth by Q4 and sustaining margin trajectory despite upcoming wage hikes affecting 50% of employees. The new 'New Horizons' program will focus on growth and cost discipline while accelerating AI-led transformation initiatives.