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LTM profit dips marginally, revenue up 13.6% YoY

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LTM profit dips marginally, revenue up 13.6% YoY

Business News Tech IT LTM profit dips marginally, revenue up 13.6% YoY

Revenue recorded healthy growth on a year-on-year (YoY) basis by 13.6% to Rs 11,807.6 crore supported by financial services, consumer and production sector in key regions of North America and Europe. Rest of the World region and technology & services vertical showed a sequential degrowth, which impacted revenue to grow by 1.7% from the June quarter.

LTM (formerly LTIMindtree) reported a mixed performance for the September quarter of ongoing fiscal year 2027, with net profit remaining almost flat edging down by 0.1% and falling by 4.8% sequentially to Rs 1,398 crore impacted by cost pressures and income loss during the second quarter of FY27. Revenue recorded healthy growth on a year-on-year (YoY) basis by 13.6% to Rs 11,807.6 crore supported by financial services, consumer and production sector in key regions of North America and Europe. Rest of the World region and technology & services vertical showed a sequential degrowth, which impacted revenue to grow by 1.7% from the June quarter. “The revenue across enterprise AI and business AI together grew 47% YoY. This is a testament to our tech - domain convergence approach to AI adoption, which also led to the addition of a Financial Services client to our $100 million - plus category. We are well positioned for stronger growth ahead,” said CEO and managing director Venu Lambu in a statement.

1% QoQ in constant currency terms, which excludes foreign exchange fluctuations. The Mumbai-based IT services company ’s board also declared an interim dividend of Rs 25 per equity share.


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