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Informist, Saturday, Jul. 11, 2026

 

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--LTM Apr-Jun consol net profit INR 14.66 bln
--Analysts saw LTM Apr-Jun consol net profit INR 14.41 bln
--LTM Apr-Jun consol revenue INR 116.08 bln
--Analysts saw LTM Apr-Jun consol revenue INR 115.68 bln
--LTM Apr-Jun consol net profit INR 14.66 bln vs INR 13.92 bln qtr ago
--LTM Apr-Jun consol revenue INR 116.08 bln vs INR 112.92 bln qtr ago
--LTM Q1 consol fincl services sales INR 39.51 bln vs INR 37.17 bln qtr ago
--LTM Q1 consol consumer sales INR 30.87 bln vs INR 30.42 bln qtr ago
--LTM Apr-Jun consol revenue up 0.3% on qtr in constant currency
--LTM Apr-Jun consol revenue up 6.4% on yr in constant currency
--LTM Apr-Jun consol EBIT margin 15.5%, up 40 bps on qtr
--LTM Apr-Jun order inflow $1.68 bln, down 0.3% on qtr
--LTM Apr-Jun consol EBIT INR 17.99 bln, up 5.3% on qtr
--LTM Apr-Jun total headcount 87,886 vs 87,950 qtr ago
--LTM trailing 12-month attrition 13.3%, unchanged from qtr ago
--LTM active clients 740 on Jun 30 vs 751 qtr ago
--LTM Apr-Jun utilisation excluding trainees 86.4% vs 85.7% qtr ago
--LTM Apr-Jun financial svcs sales up 3.2% QoQ in constant currency terms
--LTM Q1 consumer business sales down 0.7% QoQ in constant currency terms
--LTM Q1 tech, services sales up 3.4% QoQ in constant currency
--LTM Q1 production segment sales down 5.7% QoQ in constant currency terms
--LTM Q1 North America sales up 2.4% QoQ in constant currency terms
--LTM Apr-Jun Europe sales down 1.6% QoQ in constant currency terms
--LTM Q1 rest of the world sales down 9.4% QoQ in constant currency terms

 

By Eshitva Prakash and Anshul Choudhary

 

MUMBAI – LTM Ltd.'s revenue growth in constant currency terms rose sequentially but was within the lower range of estimates by analysts. However, the company reported higher-than-expected consolidated net profit and revenue for the June quarter in rupee terms, owing to decent sales growth across most of its verticals and benign rise in expenses.   

 

The information technology services and consulting company's revenue in constant currency terms rose 0.3% sequentially. Consensus projections on the Street had pencilled in a largely flat to 1% quarter-on-quarter growth in the metric. In dollar terms, the company's revenue rose just 0.1% quarter on quarter to $1.22 billion, in line with analysts' projection. 

 

In rupee terms, the company's consolidated net profit for the reporting quarter rose over 5% sequentially to INR 14.66 billion. It was above analysts' projection of INR 14.41 billion. The company's bottom line rose nearly 17% on year.

 

In the previous quarter, the company had faced an outgo of INR 622 million to account for new labour code implementation. Excluding the one-time cost from the previous quarter, the company's adjusted net profit showed growth of less than 1% sequentially.

 

The company's revenue for the reporting quarter rose nearly 3% sequentially to INR 116.08 billion, higher than analysts' expectations of INR 115.68 billion. Its sales rose nearly 18% year-on-year, the highest in 13 quarters.  

 

The company reported earnings before interest and tax of INR 17.99 billion in the June quarter, up 5.3% sequentially and EBIT margin rose 40 basis points on quarter to 15.5%, slightly higher than a consensus projection of 15.1–15.4%. 

 

In an investors' presentation to bourses, LTM said its sales to financial services, which accounted for 34% of its revenue in the June quarter, rose 3.2% on quarter to INR 39.51 billion in constant currency terms and 3% on quarter in dollar terms.

 

Sales to three other verticals were a mixed bag. Sales to clients in the consumer business, which constituted 26.6% of its revenue, fell 0.7% on quarter in constant currency terms and declined 1.1% on quarter in dollar terms. Sales to technology and services, which comprised 20% of its June quarter revenue, increased 3.4% on quarter in constant currency and 3.3% on quarter in dollar terms. Sales to production clients, comprising 19.4% of its total June quarter sales, declined 5.7% on quarter in constant currency and was down 6% on quarter in dollar terms. Healthcare, life sciences and public services businesses are now a part of its consumer business, the company said.

 

In terms of regions, revenue from its largest market North America was up 2.4% sequentially in constant currency terms during the June quarter. Revenues from North America accounts for nearly three-fourths of LTM's overall revenue. Revenue from Europe was down 1.6% and revenue from rest of the world was down 9.4% in constant currency.

 

LTM won $1.68 billion worth of orders during the quarter, marginally lower than the March quarter. The number of active clients with the company came down to 740 at the end of the June quarter compared with 751 a quarter ago.

 

Its employee count fell by 64 people during the quarter to 87,886 due to lower sales and support staff despite adding more software professionals. The trailing 12-month attrition at the company was unchanged at 13.3%, while utilisation was up 70 bps on quarter to 86.4%.

 

Friday, shares of the company ended at INR 4,037.20 on the National Stock Exchange, up nearly 5% from Thursday.  End

 

Edited by Akul Nishant Akhoury

 

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