LTM Limited Files FY26 Annual Report; 30th AGM Scheduled for June 1, 2026
LTM Limited (formerly LTIMindtree Limited) filed its FY26 Integrated Annual Report reporting revenue of INR 423,076 Million (+11.3% YoY) and PAT of INR 49,827 Million (+8.3% YoY), with order inflows of USD 6.6 Billion. The 30th AGM is scheduled for June 1, 2026 via VC/OAVM, with remote e-voting open from May 28 to May 31, 2026. The Board recommended a final dividend of INR 53 per share, taking total FY26 dividend to INR 75 per share, subject to member approval.

*this image is generated using AI for illustrative purposes only.
LTM Limited (formerly LTIMindtree Limited) has filed its Integrated Annual Report for FY26 under Regulation 34 of the SEBI Listing Regulations, dated May 8, 2026. The report covers the company's financial and non-financial performance for the year ended March 31, 2026, and is accompanied by the Notice convening the Thirtieth Annual General Meeting (AGM). The AGM is scheduled for Monday, June 1, 2026, at 11:00 a.m. IST, to be held via Video Conferencing (VC) and Other Audio-Visual Means (OAVM), in compliance with the Companies Act, 2013 and applicable Ministry of Corporate Affairs circulars. Pursuant to Regulations 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company published advertisements on May 9, 2026, in the Financial Express (English) and Loksatta (Marathi) newspapers, with the advertisements also made available on the company's website at www.ltm.com .
FY26 Financial Performance
LTM Limited delivered strong financial results for FY26, with broad-based growth across verticals and geographies. The following table summarizes key financial metrics:
| Metric: | FY26 | FY25 | Change (%) |
|---|---|---|---|
| Revenue (INR): | INR 423,076 Million | INR 380,081 Million | +11.3% |
| Revenue (USD): | USD 4.8 Billion | USD 4.5 Billion | +6.0% |
| Profit After Tax: | INR 49,827 Million | INR 46,020 Million | +8.3% |
| EBITDA Margin: | 17.9% | 17.1% | +80 bps |
| EBIT Margin: | 15.4% | 14.5% | +90 bps |
| PAT Margin: | 11.8% | 12.1% | -30 bps |
| Diluted EPS (INR): | INR 169.13 | INR 155.00 | +9.1% |
| Order Inflow (USD): | USD 6.6 Billion | USD 5.99 Billion | +10.3% |
| Cash & Investments: | INR 153,801 Million | INR 134,328 Million | +14.5% |
| Return on Equity: | 21.3% | 21.5% | -20 bps |
| Return on Capital Employed: | 27.1% | 27.2% | -10 bps |
Revenue growth in constant currency terms stood at 5.3%. The marginal decline in PAT margin was primarily attributed to a one-time provisioning impact of INR 5,281 Million on account of past service costs arising from the enactment of New Labour Codes effective November 21, 2025. Operating cash flow conversion remained robust at 96.3%, and Days Sales Outstanding (DSO) stood at 84 days compared to 79 days in FY25. The current ratio was 2.8 as against 3.5 in the prior year.
Revenue Breakdown by Vertical and Geography
LTM's revenue growth was broad-based across all verticals and geographies. The table below presents the year-on-year revenue change by vertical in USD terms:
| Vertical: | YoY Growth (USD) |
|---|---|
| Banking, Financial Services & Insurance: | +3.7% |
| Technology, Media & Communications: | -0.7% |
| Manufacturing & Resources: | +12.7% |
| Consumer Business: | +13.2% |
| Healthcare, Life Sciences & Public Services: | +9.6% |
Geographically, North America grew by 4.0%, Europe by 12.4%, and Rest of the World by 11.6%. The number of active clients as of March 31, 2026 stood at 751, up from 741 in the prior year, including 125 Fortune 500 organizations, with 79 new clients added during the year.
Strategic Highlights and Brand Transformation
FY26 marked a defining year of transition for the company, which unveiled its new brand identity 'LTM' and positioning as the 'Business Creativity Partner' on February 11, 2026, followed by a formal change of name from LTIMindtree Limited to LTM Limited, effective March 17, 2026. The company accelerated its pivot to an AI-centric organization, anchored by its BlueVerse agentic AI ecosystem. Key operational highlights include:
- Workforce: Approximately 88,000 employees (87,950 permanent) across 40+ countries; attrition rate declined to 13.3% from 14.4% in FY25
- Freshers: Over 6,700 freshers onboarded, a 40% jump over FY25
- AI Deployment: More than 1,500 AI agents deployed; 177+ AI solutions implemented enterprise-wide
- CSR Spend: INR 960 Million, reaching 1,199,584 beneficiaries
- Dividend Paid: INR 19,911 Million (FY25: INR 19,246 Million)
- Green Building Investment: INR 1,840 Million towards facility upgrades
- R&D Expenditure: INR 1,221 Million (FY25: INR 907 Million)
The company also secured its largest deal in history during FY26 and reported a client satisfaction score of 5.89 out of 7.00 for FY26 (FY25: 5.98). Average learning duration per employee stood at 13.01 days in FY26, up from 9.91 days in FY25. Female employees comprised 30.87% of the total workforce, and the company's ESG performance was recognized with an FTSE Russell ESG score of 4.6 out of 5.
Dividend and AGM Details
The Board of Directors, at its meeting held on April 23, 2026, recommended a final dividend of INR 53 per equity share of face value INR 1 each, subject to member approval at the AGM. An interim dividend of INR 22 per share was already paid during the year, bringing the total dividend for FY26 to INR 75 per equity share, if the final dividend is approved. Members eligible to vote are those recorded in the Register of Members or Register of Beneficial Owners as on the cut-off date of Monday, May 25, 2026. Remote e-voting will be facilitated through NSDL, with Mrs. Trupti Paranjape (FCS 7997, CP 8088) of M/s P. N. Paranjape & Associates, Company Secretaries, Mumbai, appointed as scrutinizer. The following table summarizes the key AGM, e-voting, and dividend-related details:
| Event: | Details |
|---|---|
| Board Meeting (Dividend Recommended): | April 23, 2026 |
| Record Date / Cut-off Date: | Monday, May 25, 2026 |
| Remote E-Voting Start: | Thursday, May 28, 2026, 9:00 a.m. IST |
| Remote E-Voting End: | Sunday, May 31, 2026, 5:00 p.m. IST |
| AGM Date & Time: | June 1, 2026, 11:00 a.m. IST |
| AGM Mode: | Video Conferencing / OAVM |
| Newspaper Publication Date: | May 9, 2026 |
| Publications: | Financial Express (English), Loksatta (Marathi) |
| Interim Dividend Paid: | INR 22 per share |
| Final Dividend Recommended: | INR 53 per share |
| Total Dividend for FY26: | INR 75 per share (if approved) |
| Dividend Payment Deadline: | Within 10 days of AGM declaration |
Dividend income is taxable in the hands of members, and LTM Limited is required to deduct tax at source (TDS) at prescribed rates. Members holding shares in physical form are advised to submit KYC details, including PAN and bank account information, by the Record Date to ensure electronic payment of dividends.
Credit Ratings and Governance
CRISIL and India Ratings & Research have reaffirmed the company's ratings at AAA/Stable for long-term facilities and A1+ for short-term facilities, reflecting the highest level of credit quality on the Indian rating scale. The Board approved the Integrated Annual Report 2025-26 on April 23, 2026. The report aligns with the International Integrated Reporting Council (IIRC) framework, UN Sustainable Development Goals, and SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015. During FY26, the Board held six meetings and the company maintained zero major non-conformities across global certifications including ISO 9001, ISO 27001, ISO 14001, ISO 45001, and ISO 22301, among others.
Historical Stock Returns for LTM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.46% | -6.26% | -6.86% | -32.28% | -21.97% | +4.97% |
How will LTM's BlueVerse agentic AI ecosystem evolve in FY27, and what revenue contribution is expected from AI-driven services as a percentage of total revenue?
Given the Technology, Media & Communications vertical's -0.7% decline in FY26, what strategic initiatives is LTM pursuing to reverse this trend and capture growth in that segment?
With the New Labour Codes already impacting PAT margins through a one-time provisioning charge, what ongoing cost pressures or compliance obligations could further affect profitability in FY27?


































