LTM LimitedQ2 FY27 Results & Financial Update
LTM Limited: Q2 FY27 consolidated results and company financials – revenue ₹11,807.60 Cr, PAT ₹1,379.90 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore LTM Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
LTM Limited reported consolidated revenue from operations of INR 11,807.6 crore for the second quarter of fiscal year 2027 (Q2 FY27), reflecting a 1.72% increase compared to INR 11,608.0 crore recorded in the preceding quarter (Q1 FY27).
Total income for the quarter reached INR 1,899.1 crore, advancing from INR 11,863.4 crore in the previous quarter, bolstered by interest income of INR 369.6 crore alongside other income of INR 91.5 crore.
Profit before tax (PBT) stood at INR 1,859.7 crore in Q2 FY27, representing a 6.00% moderation compared to INR 1,978.4 crore in Q1 FY27, driven by shifts in operating expenses and provisions.
Consolidated profit after tax (PAT) for the quarter was recorded at INR 1,379.9 crore, marking a 6.04% decrease from INR 1,468.6 crore in the preceding quarter.
The sequential contraction in net profit compressed the PAT margin from 12.65% in Q1 FY27 to 11.69% in Q2 FY27, a reduction of approximately 97 basis points.
Basic and diluted earnings per share (EPS) for the quarter stood at INR 47.15, compared to INR 49.42 reported in the first quarter of the fiscal year.
Tax expenses for Q2 FY27 were reported at INR 479.8 crore, reflecting lower absolute outflows compared to the INR 509.8 crore incurred in Q1 FY27 in tandem with the lower pre-tax earnings.
01 · Business model
What does LTM do?
LTM Limited operates as a consolidated corporate entity delivering specialized services, technology solutions, and digital capabilities to global enterprise clients.
The company's primary revenue engine stems from core operations that generate consolidated operating revenue exceeding INR 11,800 crore per quarter, supported by supplementary interest and other income streams.
Its economic model relies on efficient service delivery, disciplined cost management across financing and depreciation, and robust tax planning to convert top-line inflows into bottom-line profit for the period.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹11,807.60 Cr | ₹11,608.00 Cr |
| Total income | ₹11,899.10 Cr | ₹11,863.40 Cr |
| Profit before tax | ₹1,859.70 Cr | ₹1,978.40 Cr |
| Profit after tax | ₹1,379.90 Cr | ₹1,468.60 Cr |
| EPS | ₹47.15 | ₹49.42 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 11.7% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 15.8% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹91.50 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations advanced sequentially to INR 11,807.6 crore in Q2 FY27 from INR 11,608.0 crore in Q1 FY27, representing a growth rate of 1.72%.
Total income reached INR 11,899.1 crore during the quarter, supported by interest income of INR 369.6 crore and other income of INR 91.5 crore.
What drove margins
The company's PAT margin contracted by 96.51 basis points sequentially, moving from 12.65% in Q1 FY27 to 11.69% in Q2 FY27 due to earnings moderation relative to top-line gains.
Finance costs decreased sequentially to INR 69.9 crore from INR 76.3 crore, while depreciation and amortisation expenses stood lower at INR 255.2 crore compared to INR 261.3 crore in Q1 FY27.
04 · Reported developments
What changed operationally
Operating revenue expanded by 1.72% quarter-on-quarter to reach INR 11,807.6 crore.
Finance costs reduced to INR 69.9 crore in Q2 FY27 from INR 76.3 crore in the previous quarter.
05 · Pressure points & risks
What is not going smoothly
Profit after tax declined by 6.04% quarter-on-quarter to INR 1,379.9 crore, leading to a 97 basis point compression in PAT margin.
06 · Items worth noticing
The line items that can distort a quick read
The company reported provisions amounting to INR 1,298.8 crore for the quarter ended September 30, 2026.
07 · Previous-quarter changes
What changed since the previous quarter
Compared to Q1 FY27, operating revenue increased by 1.72% while PAT contracted by 6.04%, reflecting margin compression.
08 · Key Q&A
The quarter, answered directly
What does LTM do?
LTM Limited operates as a consolidated corporate entity delivering specialized services, technology solutions, and digital capabilities to global enterprise clients.
What is the clearest takeaway from Q2 FY27?
LTM Limited reported consolidated revenue from operations of INR 11,807.6 crore for the second quarter of fiscal year 2027 (Q2 FY27), reflecting a 1.72% increase compared to INR 11,608.0 crore recorded in the preceding quarter (Q1 FY27).
What drove revenue or demand?
Revenue from operations advanced sequentially to INR 11,807.6 crore in Q2 FY27 from INR 11,608.0 crore in Q1 FY27, representing a growth rate of 1.72%.
What mattered most for margins or profitability?
The company's PAT margin contracted by 96.51 basis points sequentially, moving from 12.65% in Q1 FY27 to 11.69% in Q2 FY27 due to earnings moderation relative to top-line gains.
What are the main pressure points disclosed for the quarter?
Profit after tax declined by 6.04% quarter-on-quarter to INR 1,379.9 crore, leading to a 97 basis point compression in PAT margin.
What should the next disclosure help confirm?
Monitor subsequent quarterly filings to track whether PAT margins stabilize or rebound toward the levels observed in Q1 FY27.
09 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
Build your own next-quarter scenario
Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.
Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
10 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Profitability and Margin Trajectory: Monitor subsequent quarterly filings to track whether PAT margins stabilize or rebound toward the levels observed in Q1 FY27.
- 02
Cost Management Efficiency: Observe trends in provisions, finance costs, and depreciation expenses in future reporting periods.
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Need the concepts first?
Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.