LTM needs faster revenue growth to meet FY27 goal

LTIMindtree reported a mixed Q1FY27 with muted sequential constant currency revenue growth of just 0.3% due to delays in the PAN card 2.0 deal and West Asia-related disruptions, though EBIT margin expanded 40 basis points sequentially to 15.5%. Total contract value of deal wins was flat at $1.68 billion. Analysts flagged that the weak Q1 print raises the bar for meeting FY27 revenue growth guidance, with Nuvama and Nirmal Bang expressing scepticism about LTIMindtree's ability to double revenues by FY31 under Project Lakshya.