LTM, formerly LTIMindtree, Q2: revenue up 13.6%, AI revenue jumps 47%, orders fall
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LTM, formerly LTIMindtree, reported Q2 FY27 revenue up 13.6% to Rs 11,807.6 crore on October 16, 2026; profit was flat and order inflow fell to $1.26 billion.
What Happened
LTM Limited, the IT services company formerly known as LTIMindtree, reported on Thursday, October 16, 2026, that its revenue from operations for the July-September quarter (Q2 FY27) rose 13.6% from a year earlier to Rs 11,807.6 crore, ahead of market estimates. Consolidated net profit was almost unchanged at about Rs 1,398 crore, against Rs 1,401 crore a year ago, and one report said it missed analysts' forecasts. Revenue from the company's artificial intelligence offerings grew 47%, but the value of new orders fell to $1.26 billion from $1.59 billion a year earlier. The company declared an interim dividend of Rs 25 a share.
Key Facts
- Revenue from operations: Rs 11,807.6 crore, up 13.6% year on year from Rs 10,394.3 crore.
- Dollar revenue: about $1.235 billion, up 1.1% from the previous quarter and 5.1% year on year in constant currency.
- Consolidated net profit: about Rs 1,398 crore, roughly flat year on year and down about 5% from the June quarter.
- Enterprise AI and Business AI revenue grew 47%.
- Order inflow: $1.26 billion, against $1.59 billion a year earlier.
- Headcount: 88,835, up 949 in the quarter; trailing 12-month attrition steady at 13.3%; EBIT margin about 15.6%.
- Interim dividend: Rs 25 per share.
Why It Matters
LTM's numbers show the push and pull facing India's IT services industry this year. On one side, clients are spending on artificial intelligence, and the company's AI-linked revenue grew far faster than the business overall. On the other, profit did not grow and new orders dropped by about a fifth from a year ago. That matters because order inflow is a guide to future revenue: a smaller order book now can mean slower growth in the quarters ahead.
The flat profit despite double-digit revenue growth in rupee terms points to pressure on margins. The company's EBIT margin of about 15.6% leaves limited room as it invests in AI capabilities and staff. In constant-currency dollar terms, which strip out exchange-rate effects, growth was a more modest 5.1% from a year earlier, a reminder that part of the rupee growth comes from currency movement.
For tech workers, the people numbers are steady rather than strong. The company added 949 staff in the quarter, and attrition held at 13.3%. The shift in revenue towards AI services also signals which skills are in demand.
| Measure | Q2 FY27 | Year earlier |
|---|---|---|
| Revenue | Rs 11,807.6 crore | Rs 10,394.3 crore |
| Net profit | about Rs 1,398 crore | Rs 1,401 crore |
| Order inflow | $1.26 billion | $1.59 billion |
| Headcount | 88,835 | not compared |
Impact
Short-term: Investors will weigh the revenue beat and AI growth against the profit miss and weaker order inflow when the stock trades next.
Long-term: Whether AI revenue can keep growing fast enough to offset slower traditional deals will decide LTM's growth over the coming year.
Who is affected: LTM shareholders and employees, clients buying AI and IT services, and job seekers looking at Indian IT hiring.
Key Takeaway
LTM grew revenue and AI business strongly in Q2, but flat profit and a 21% drop in new orders point to a tougher road ahead.
Questions and Answers
What were LTIMindtree's (LTM) Q2 FY27 results?
Revenue rose 13.6% to Rs 11,807.6 crore and consolidated net profit was about flat at Rs 1,398 crore. AI revenue grew 47%, while order inflow fell to $1.26 billion.
Is LTIMindtree now called LTM?
Yes. The company now goes by LTM Limited, formerly LTIMindtree.
Did LTM's order book weaken?
Yes. Order inflow fell to $1.26 billion in the quarter from $1.59 billion a year earlier.
How many people does LTM employ?
Headcount was 88,835 at the end of September, up 949 in the quarter, with attrition at 13.3%.
Disclaimer: Prepared by the Peepals newsroom from publicly available sources with AI assistance. Information is accurate to the best of our knowledge at the time of publication and may change. Images may be representative. Not professional advice. Report an error via our contact page.
Sourced and fact-checked by the Peepals Global Editorial Team
Reported, fact-checked and published by the Peepals Global Editorial Team.
