LTM has announced a strategic partnership with Glean, aimed at accelerating the deployment and adoption of artificial intelligence across enterprise environments. The collaboration seeks to address a common challenge faced by organizations — knowledge that remains siloed and disconnected across multiple business applications — by bringing it together in a cohesive manner to drive meaningful outcomes.

Unifying Enterprise Knowledge for AI-Driven Productivity

A central objective of the LTM-Glean partnership is to consolidate fragmented information that typically resides across disparate enterprise systems and applications. By bridging these knowledge gaps, the partnership aims to enable employees and decision-makers to access relevant, contextual information more efficiently, thereby enhancing overall organizational productivity.

The collaboration holds particular significance for businesses operating in regulated industries, where accurate and timely access to information is critical for compliance and operational effectiveness. By leveraging Glean's enterprise AI search and knowledge capabilities alongside LTM's technology expertise, the partnership is positioned to support improved decision-making in such complex and compliance-driven environments.

Key Highlights of the Partnership

The partnership underscores a growing emphasis among technology service providers on delivering enterprise-grade AI solutions that go beyond standalone tools, instead focusing on integrating intelligence across the full breadth of an organization's technology landscape. By combining capabilities, LTM and Glean aim to offer businesses a more connected and intelligent operational environment that supports both day-to-day productivity and strategic decision-making.

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%, a 40 basis point sequential improvement and 120 basis points year-on-year, reflecting operational efficiencies from the New Horizons program and forex benefits. On a sequential basis, consolidated net profit stood at ₹14.66 billion compared to ₹13.9 billion in the previous quarter, while revenue was ₹116 billion versus ₹113 billion. 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. Total income for the period was ₹11,863.4 crore, up from ₹10,232.7 crore in Q1 FY26. 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.

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. The key financial metrics are summarised below:

The sequential performance further highlights the company's steady growth trajectory, as captured in the table below:

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. Constant currency revenue grew 0.3% QoQ and 6.4% YoY, driven by Banking, Technology, and North America, while the Production segment declined sharply. Deal wins remained healthy at US$1.68 billion with a 1.4x book-to-bill ratio. The segment-wise revenue breakdown is as follows:

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.

Management stated that AI revenue across Creative, Industrial and Business AI together contributed approximately USD 150 million on a quarterly run rate basis. The company launched BlueVerse™ iRun for integrated Ops, BlueVerse™ Databricks for data transformation, and BlueVerse™ RightLogic for cybersecurity remediation. Additionally, LTM participated in a strategic investment round in Uniphore to accelerate SLM development and deployment.