LTM Q2 result: Net profit declines 5% YoY; board approves dividend of ₹25 per share for FY27

The company, formerly LTIMindtree, has registered a rise of 2% in revenue from operations quarter-on-quarter (QoQ) at ₹11,808 crore in contrast to ₹11,608 crore reported in Q1 FY27.

Its operating profit, or earnings before interest and tax (EBIT), for Q2 FY26 grew 2.2% to ₹1,839 crore as compared to ₹1,799 crore QoQ. Margin for the quarter under review also expanded from 15.6% in Q2 FY27 to 15.5% sequentially.

On a constant currency (CC) terms, the IT firm’s dollar revenue increased 1.1% sequentially to $1,235.2 million, while on a year-on-year basis, it has gained 5.1%.

LTM’s order inflow for the quarter stood at $1.26 billion compared to $1.68 billion in the previous quarter and $1.59 billion a year ago.

“Our broad-based performance reflects the successful execution of our AI-centric strategy. 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 Venu Lambu, Chief Executive Officer and Managing Director at LTM.

The company’s total headcount stood at 88,835, with an addition of 949 during the quarter.

Among its industry segments, consumer revenue grew 8.6% YoY in constant currency, production 7.4%, and technology and services 7%. Financial services, LTM’s largest segment, grew 0.4% annually.

By geography, North America, which accounts for 74.3% of revenue, grew 4.8% year-on-year in constant currency, Europe 7.2% and the rest of the world 4.4%.

Along with the earnings, the LTM board has also approved an interim dividend of ₹25 per equity share of ₹1 each. The firm has set October 23, 2026, as the record date for the payment of the dividend.

On Friday, October 16, shares of LTM closed at ₹4,390 apiece on the National Stock Exchange, jumping 3.66%. The earnings, however, came after the market hours. As of October 16, the lender has a total market capitalisation of ₹1.30 lakh crore.

The Larsen & Toubro group firm is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximise growth by harnessing digital technologies.