Provides IT services and consulting to enterprise clients across five vertical segments, with BFSI the largest at ₹14,897.8 crore (35.2% of segment revenue) in FY26 YTD, followed by Technology, Media & Communications at ₹9,720.7 crore (23.0%), Manufacturing & Resources at ₹8,547.8 crore (20.2%), Consumer Business at ₹6,487.5 crore (15.3%), and Healthcare, Life Sciences & Public Services at ₹2,653.8 crore (6.3%). The business is people-intensive: employee costs absorb 62.1% of revenue, other operating expenses 20.0%, depreciation 2.5%, and capex 2.2%, with no materials cost. Q1 FY27 USD revenue stood at $1,223.5 million (up 6.1% year-on-year), order inflow at $1.68 billion, and a stable order book of $1.7 billion, while EBIT margin expanded 120 basis points year-on-year to 15.5%. The company is investing heavily in AI partnerships — Anthropic (Claude), Cognition (Devin for cyber), Glean, and Microsoft 365 Copilot deployment for around 140,000 L&T Group employees — with AI revenue running at about $150 million per quarter. Announced acquisition of Randstad Technology & Consulting in Europe and Australia at €469 million revenue for €160 million enterprise value, plus a 5-year GCC partnership with Randstad Group (initial TCV ₹50-60 crore) and an MSP arrangement to manage subcontractor spend; deal is expected to lift Europe revenue past $1 billion and Australia past $100 million post-close. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Banking, Financial Services & Insurance (35%), Technology, Media & Communications (23%), Manufacturing & Resources (20%), Consumer Business (15%), Healthcare, Life Sciences & Public Services (6%). People-intensive, asset-light IT services and consulting, with growing AI and sovereign-AI delivery focus.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 15,669 | 33,183 | 35,517 | 38,008 | 42,308 |
| EBITDA (ex other income) | 3,058 | 6,108 | 6,387 | 6,495 | 7,027 |
| margin % | 19.5 | 18.4 | 18.0 | 17.1 | 16.6 |
| Owners' profit | 2,297 | 4,408 | 4,582 | 4,599 | 5,018 |
| EPS, as reported (₹) | 131.19 | 149.07 | 154.85 | 155.29 | 169.33 |
| ROE % · ROCE % | 26.1 · 33.2 | 26.6 · 33.0 | 22.9 · 28.7 | 20.3 · 26.3 | 20.7 · 25.8 |
| Debt / equity (x) | 0.01 | 0.01 | 0.10 | 0.00 | 0.00 |
| Cash from operations | 1,652 | 3,096 | 5,670 | 4,546 | 4,799 |
| Capex | (859) | (939) | (843) | (950) | (931) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9,433 | 9,661 | 9,772 | 9,841 | 10,394 | 10,781 | 11,292 | 11,608 |
| Profit before tax | 1,687 | 1,473 | 1,529 | 1,726 | 1,879 | 1,305 | 1,881 | 1,978 |
| Net profit | 1,252 | 1,087 | 1,129 | 1,255 | 1,381 | 960 | 1,387 | 1,469 |
| EPS (₹) | 42.25 | 36.65 | 38.10 | 42.33 | 47.28 | 32.75 | 46.97 | 49.46 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Banking, Financial Services & Insurance | 14,898 | 35.2 |
| Technology, Media & Communications | 9,721 | 23.0 |
| Manufacturing & Resources | 8,548 | 20.2 |
| Consumer Business | 6,488 | 15.3 |
| Healthcare, Life Sciences & Public Services | 1,485 | 3.5 |
| Healthcare, Life sciences & Public Services | 1,169 | 2.8 |
| Total, before eliminations | 42,308 | 100.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 9 Sept 2026 · LTM partners with IBM and Red Hat on Lightwell for AI security fixes | compliance | low | — | — |
| 4 Sept 2026 · LTM schedules investor meetings with J.P. Morgan and UBS | board shareholder meetings | low | — | — |
| 4 Sept 2026 · Nabha Power reclassified from Promoter Group to Public | ownership changes | medium | — | — |
| 27 Aug 2026 · LTM opens new Global Delivery and AI Competency Center in Kolkata | compliance | low | — | — |
| 24 Aug 2026 · LTM files schedule of analyst and investor meetings for September 2026 | board shareholder meetings | low | — | — |
| 22 Aug 2026 · LTM Limited executes SPA to acquire Randstad Digital entities | strategic transactions | medium | — | — |
| 20 Aug 2026 · LTM Limited shares liable for transfer to IEPF Authority | compliance | minimal | — | — |
| 14 Aug 2026 · LTM Limited files FY26 Sustainability Report | general | low | — | — |
| 12 Aug 2026 · LTM Limited schedules analyst and investor meetings in Singapore | board shareholder meetings | low | — | — |
| 11 Aug 2026 · ESG rating of 76 assigned to LTM by SEBI-registered provider | business updates | low | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|
| TATA CONSULTANCY SERV LT | 7,96,690 | 16.0 | 7.34 | 10.9 | 45.6 | 53.9 | 10.2 | 26.9 |
| INFOSYS LIMITED | 4,20,891 | 14.0 | 4.51 | 8.8 | 31.6 | 38.6 | 12.2 | 25.7 |
| HCL TECHNOLOGIES LTD | 3,27,456 | 18.7 | 4.35 | 11.7 | 22.1 | 26.2 | 11.5 | 20.9 |
| WIPRO LTD | 1,65,785 | 13.3 | 1.88 | 7.9 | 15.0 | 17.1 | 8.4 | 22.9 |
| TECH MAHINDRA LIMITED | 1,51,018 | 26.6 | 5.02 | 16.9 | 16.0 | 18.8 | 8.5 | 16.8 |
| LTM LIMITED ◆ | 1,27,635 | 24.4 | 5.29 | 15.4 | 20.7 | 24.8 | 27.9 | 20.0 |
| PERSISTENT SYSTEMS LTD | 87,015 | 44.8 | 11.10 | 29.8 | 23.8 | 28.5 | 28.6 | 17.8 |
| COFORGE LIMITED | 81,708 | 37.5 | 8.44 | 29.1 | 18.0 | 17.2 | 28.6 | 18.6 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 24.4 | 16.6 | 46 of 71 | 36% |
| P/B | 5.3 | 2.9 | 49 of 64 | 24% |
| ROCE | 24.8 | 14.2 | 13 of 78 | 84% |
| ROE | 20.7 | 11.5 | 10 of 67 | 86% |
| Debt / Equity | 0.0 | 0.0 | 4 of 68 | 64% |
| EBITDA margin | 19.9 | 18.4 | 27 of 65 | 59% |
| Revenue growth | 18.0 | 10.6 | 19 of 63 | 71% |
| Profit growth | 17.1 | 6.7 | 24 of 62 | 62% |
| Market cap | 127635 | 475 | 6 of 75 | 93% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
