LTM's Q1 revenue grows 18%, profit up 17% — meeting estimates
Consolidated revenue hit ₹11,608 crore, net profit ₹1,468.6 crore, while EBIT margin expanded 120 bps to 15.5%. The board also approved reclassification of Nabha Power to public category.
— 10 earlier stories on LTM Ltd. →What's new
- Q1 revenue grew 18% YoY to ₹11,608 crore, within expectations.
- Net profit rose 17.1% to ₹1,468.6 crore; EBIT margin up 120 bps to 15.5%.
- Board approved reclassification of Nabha Power from promoter to public, subject to approvals.
Why this matters
The numbers match the script for a large-cap IT firm: steady double-digit growth and margin improvement. No surprises here, but the reclassification of Nabha Power is a procedural move that removes a promoter-group entity from the fold, slightly simplifying the structure.
What we're watching
- Demand commentary in the investor presentation for any softening.
- The timing of regulatory nod for Nabha Power reclassification.
- Whether margin trajectory stays around 15.5% for the rest of FY27.
The full read
LTM's Q1 FY27 numbers are a clean hit: ₹11,608 crore revenue, up 18%; net profit of ₹1,468.6 crore, up 17.1%; EBIT margin expanding 120 bps to 15.5%. The board also approved the reclassification of Nabha Power from promoter to public, a procedural clean-up. These results were widely telegraphed and offer no new, market-surprising angle. For a company with a market cap of approximately ₹119,869 crore, this is a steady-state quarter. Solid execution, no drama. The margin gain is the only nuance worth tracking. The stock will likely take this in stride. What matters next is demand commentary in the accompanying investor deck.
Questions answered
- How did LTM's Q1 performance compare to expectations?
- It was broadly in line. Revenue of ₹11,608 crore (18% YoY) and net profit of ₹1,468.6 crore (17.1% YoY) matched the anticipated trajectory for a large-cap IT services company.
- What drove the 120 bps EBIT margin expansion?
- The filing doesn't break down drivers, but the margin improved to 15.5% from 14.3% a year ago, likely aided by operational efficiencies and cost management.
- What is the significance of reclassifying Nabha Power Limited?
- Nabha Power moves from promoter group to public category, which may reduce promoter-entity count. It is a routine corporate action subject to regulatory approvals.
- Are there any new growth initiatives or guidance in this filing?
- No. The filing only contains the quarterly results and the board approval for reclassification. No guidance or new initiatives were disclosed.
- Is this filing a market-moving event?
- Unlikely. The results were anticipated, and the reclassification is procedural. The filing carries no surprising information that would alter the investment thesis.
LTM Ltd.
Latest quarter · Jun 2026
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All notes on LTM →- 11 Jul 2026 · 7:16 PM IST LTM's Q1 revenue grows 18%, profit up 17% — meeting estimates
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