LTM Q1 revenue rises 18% to ₹11,608 crore, PAT up 17.1%
LTM Limited reported a 17.1% YoY increase in net profit to ₹1,468.6 crore for Q1 FY27, with revenue rising 18% to ₹11,608 crore. EBIT margin expanded to 15.5%, supported by a fair value gain of ₹1,978 million on convertible instruments. The company reorganised its reportable segments and announced a proposed acquisition of Randstad subsidiaries.
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LTM Limited reported a 17.1% year-on-year increase in profit after tax to ₹1,468.6 crore for the quarter ended June 30, 2026, driven by an 18% rise in revenue to ₹11,608 crore. The company's EBIT margin expanded to 15.5%, up from 14.3% in the same period last year, reflecting improved operational efficiency. The unaudited standalone and consolidated financial results were reviewed by the Audit Committee and approved by the Board of Directors on July 11, 2026.
Revenue from operations for the quarter stood at ₹11,608 crore, compared to ₹9,840.6 crore in the corresponding quarter of the previous year. The company recognised a fair value gain of ₹1,978 million as part of other income in respect of convertible instruments held in Voicing.AI, Inc., which were converted into equity instruments during the quarter. Total income for the period was ₹11,863.4 crore, up from ₹10,232.7 crore in Q1 FY26.
Financial Performance
The company's expenses for the quarter totalled ₹9,885 crore, with employee benefits expense accounting for ₹6,961.8 crore and sub-contracting expenses at ₹1,113.4 crore. Profit before tax and exceptional items was ₹1,978.4 crore. The effective tax rate for the quarter stood at 25.8%. Earnings per share (EPS) increased to ₹49.46 on a basic basis and ₹49.42 on a diluted basis for the quarter.
| Metric | Q1 FY27 (₹ in million) | Q1 FY26 (₹ in million) | YoY Growth |
|---|---|---|---|
| Revenue from operations | 116,080 | 98,406 | 18.0% |
| Total income | 118,634 | 102,327 | 16.0% |
| Total expenses | 98,850 | 85,065 | 16.1% |
| Profit before tax | 19,784 | 17,262 | 14.6% |
| Net profit | 14,686 | 12,546 | 17.1% |
| Basic EPS (₹) | 49.46 | 42.33 | 16.8% |
Segment Performance
LTM reorganised its reportable segments during the quarter to align with customer industry segments. The segments are now classified as Financial Services, Consumer, Technology & Services, and Production. Financial Services reported revenue of ₹3,950.9 crore, while Consumer and Technology & Services reported revenues of ₹3,086.8 crore and ₹2,315.8 crore respectively. The Production segment contributed ₹2,254.5 crore to the total revenue.
Strategic Developments
During the quarter, LTM entered into a Put Option Deed with Randstad N.V. and other entities regarding the proposed acquisition of subsidiaries in the Netherlands, Australia, and France. The enterprise valuation is up to EUR 160 million on a cash-free, debt-free basis. The transaction remains subject to execution of definitive agreements and regulatory approvals, and no impact was recognised in the financial results as of June 30, 2026.
The Board of Directors had recommended a final dividend of ₹53 per equity share for the financial year ended March 31, 2026, which was approved by shareholders and paid before the end of the quarter. The company's cash and investments stood at ₹1,50,213 million as of June 30, 2026.
Historical Stock Returns for LTM
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.74% | +9.69% | +0.93% | -33.13% | -24.25% | -0.42% |
How will the reorganization of reportable segments impact LTM's strategic focus and resource allocation in the coming quarters?
What are the expected synergies and integration challenges following the proposed acquisition of subsidiaries in the Netherlands, Australia, and France?
Will the company maintain its current operational efficiency levels given the significant rise in employee benefits expenses?
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