LTM Ltd

Q3 FY26IT - Software

LTM Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q3 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹4,488

Market cap₹1.4L Cr

P/E24.9

Updated23 Aug 2026

Read4 min read

The short version

LTIMindtree aims for near double-digit year-on-year growth in revenue by Q4 FY2026 and into FY2027. LTIMindtree aims to sustain and accelerate growth into FY2027, targeting near double-digit year-on-year growth by Q4 FY2026 and beyond.

From LTM Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

LTIMindtree aims for near double-digit year-on-year growth in revenue by Q4 FY2026 and into FY2027.
Growth is driven by strong deal momentum, particularly in large and mega deals ($300-$500 million range), which are expected to close steadily each quarter.
The company plans to increase order booking consistency and size as part of its aspiration for industry-leading growth.
Growth is supported by diversification across accounts, lowering concentration risk organically (top two accounts down from ~22% to ~18-19% revenue share).
Expansion in various verticals and geographies, including faster growth opportunities in Europe, the Middle East joint venture, and seven large global BFSI accounts.
Investing in AI-led offerings, transformation capabilities, and strengthening large deal organization to fuel wins.
Strategic repositioning under "Lakshya 2031" initiative aims to sharpen competitive edge and deliver tangible client outcomes for medium to long term growth.

Profitability & Margins

LTIMindtree aims to sustain and accelerate growth into FY2027, targeting near double-digit year-on-year growth by Q4 FY2026 and beyond.
Growth momentum from the last three quarters is expected to continue through the rest of the fiscal year.
The company plans to increase order booking consistency and deal size to support this growth.
Operational efficiency programs like Fit4Future and New Horizons focus on margin improvement alongside growth.
EBIT margins are anticipated to improve, supported by fresh talent infusion, better pyramid structure, rate realizations, and cost efficiencies.
Wage hikes are planned over Q4 and Q1, with operational levers expected to mitigate margin pressure.
Adjusted PAT grew 29% YoY in Q3 FY2026; EPS impact was noted due to a one-time labor code change but profitability is set to improve.
Overall, management remains confident about achieving industry-leading growth and healthy margin expansion in the medium term.

See what LTM Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

LTIMindtree is progressing on its group's "Lakshya 2031" initiative, with strategic details to be shared at the next available opportunity.
The company is launching "New Horizons," a comprehensive enterprise-wide transformation program for medium to long-term growth and cost agendas, replacing the Fit4Future program.
Capital investments include continued development and rollout of AI-driven platforms such as BlueVerse™ and TransisTOR.
Focus on sustainable infrastructure: Several campuses (Pune Shivajinagar, Bangalore Global City Phase 1, Chennai Innovation Campus Tower-1) have received LEED Platinum certification, indicating ongoing investment in sustainable and innovative facilities.
Headcount growth with net additions of 1,511 employees, including 1,736 freshers, aligns with strategic talent investment for future-readiness.
No explicit capex spend numbers were disclosed, but investments are implied in technology platforms, sustainability initiatives, and talent development as part of the strategic transformation agenda.

Top-ranked in IT - Software

Ranked on what management guided this quarter

5x potential

1Virtual Galaxy Infotech Ltd₹356 Cr

Rev 1Mar 3

2CapitalNumbers₹193 Cr

Rev 2Mar 1

3₹140 Cr

Rev 2Mar 1

4₹1.8K Cr

Rev 2Mar 2

5₹3.7K Cr

Rev 2Mar 3

Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

There is no mention of any current or planned fundraising through debt or equity in the provided transcript.
The company highlights strong cash and investment balances of around USD 1.62 billion as of December 31, 2025.
There is no discussion around issuing new shares, raising equity, or taking on additional debt.
Focus appears to be on organic growth, margin improvement programs, and operational efficiencies rather than external financing.
Management emphasizes execution discipline, deal momentum, and strategic repositioning for growth beyond FY2026 without reference to fundraising activities.

See what LTM Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

As of January 19, 2026, LTIMindtree's order inflow stood at USD 1.7 billion, marking a 6.4% quarter-on-quarter increase (Page 3).
There is a consistent and steady pipeline of large deals in the USD 300-500 million range, with active deal closures every quarter (Page 25-26).
The company is focused on growing order bookings to sustain industry-leading growth, with an emphasis on deal consistency (Page 16).
Ramp-up of large deals, including a recent India-driven PAN deal, is ongoing and contributes to growth expectations for FY2027 (Page 16).
The organization aims to increase order booking naturally as market conditions aid growth, underpinning ambitions for strong future performance (Page 16).
The current pipeline pipeline and order book are considered strong and support near-term growth expectations (Page 26).

LTM Ltd — Quarterly revenue & net profit

Revenue Net profit

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Reported quarterly figures (₹ Cr). Latest: revenue ₹11.3K Cr, net profit ₹1.4K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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What LTM Ltd's management said in earlier quarters

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Frequently Asked Questions

What were LTM Ltd Q3 FY26 results?

What is LTM Ltd share price analysis?

LTM Ltd currently shows a neutral. The stock trades at a P/E of 24.9 with a market cap of ₹139,857 Cr. Investors should review the full earnings analysis for detailed insights.

Is LTM Ltd planning capital expenditure?

LTIMindtree is progressing on its group's "Lakshya 2031" initiative, with strategic details to be shared at the next available opportunity.

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.