Arthneeti

LTM Q2 FY27 Share Price & Earnings Call Analysis

₹4,094.70-0.23% today
Market cap
₹1.21L Cr
P/E
21.66
ROE
23.13%
PEG
3.08
Price to sales
2.66
Debt to equity
0.09
52W high / low
₹6,430 / ₹3,528
Sales growth (5Y)
27.88%
EBITDA margin
17.87%
Net profit margin
12.69%
Promoter holding
68.49%
Sales (last year)
₹45,488 Cr

Larsen & Toubro Infotech Ltd offers extensive range of IT services like application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions, and platform-based solutions to the clients in diverse industries.[1]

Guidance scorecard · Q2 FY27 call

What LTM Ltd's management guided
and where it ranks in IT - Software

#34of 38 in
IT - Software
Revenue0–10%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ2 FY27 call

0–10%
  • H2 FY2027 expected to deliver stronger sequential growth than H1, aiming to match or come close to FY2026 growth levels.
  • Continued acceleration in AI adoption driving growth across AI stack; AI revenues grew 40% YoY, now constituting 13.4% of overall revenue.
  • BFSI vertical showing momentum, with a $100M+ account announced, indicating faster revenue acceleration through AI-centric deals.
  • Tech segment expected to return to normal growth trajectory post seasonal renewals and regional impacts.
  • Travel and hospitality (consumer vertical) expected to rebound as customers resume investments after temporary budget tightening.
  • Short-duration AI-led deals expected to increase revenue growth velocity, even if not fully captured in traditional TCV metrics.

2 more points from LTM Ltd's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

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

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • LTM Limited is continuing investments in AI capabilities, including building repeatable accelerator codes (SLMs) for faster AI deployment.
  • The company has launched BlueVerse™ OneToken as a harnessing layer and is strengthening this platform as a go-to-market channel.
  • There is a focus on talent transformation at scale to support AI-centric growth.
  • Strategic investment in the GCC (Global Capability Center) business is underway, targeting increased market share for customers setting up GCCs in India, leveraging group capabilities like facilities and real estate.

2 more points from LTM Ltd's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

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

Full Q2 FY27 analysis

Order bookQ2 FY27 call

  • The order inflow for Q2 FY2027 stood at USD 1.3 billion, reflecting AI-centric deals with shorter tenures and faster revenue realization.
  • The significant part of the order book shared is Annual Contract Value (ACV), with the majority being ACV deals.
  • Management plans to clarify the split between ACV and traditional Total Contract Value (TCV) deals after a couple more quarters for more definitive information.
  • Large deals still exist as opportunities, including AI-led software engineering, agentic operations, and technology modernization programs, which the company is actively pursuing.
Full Q2 FY27 analysis
Full IT - Software ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in IT - Software
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. CapitalNumbersGood growth
    3
See all potential multibaggersWhere does LTM Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

IT - Software companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹569 Cr34.7
240%+Flat₹336 Cr7.3
3CapitalNumbers20–40%Up 2%+₹181 Cr9.2
420–40%Up 2%+₹159 Cr11.5
520–40%Up 0–2%₹1,826 Cr28.5
620–40%Flat₹4,341 Cr84.7

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Pro shows every company guiding 40%+ revenue growth →Full IT - Software ranking

Financials of LTM Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

LTM Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +68.64%68.60%68.60%68.60%68.57%68.57%68.56%68.54%68.53%68.52%68.49%69.01%
FIIs +8.65%7.86%7.28%7.39%7.45%7.00%6.62%6.40%6.51%6.63%6.31%6.15%
DIIs +12.85%13.48%14.12%14.79%14.88%15.51%16.10%16.57%16.80%16.90%16.73%16.84%
Government +0.08%0.10%0.12%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.10%0.00%
Public +9.78%9.95%9.86%9.09%8.96%8.82%8.60%8.35%8.02%7.82%8.30%7.94%
Others +0.00%0.00%0.03%0.02%0.03%0.00%0.01%0.02%0.03%0.01%0.04%0.04%
No. of Shareholders4,83,4435,03,9655,03,4444,49,9724,40,9774,33,3774,18,4554,05,5673,80,1393,75,3513,97,1873,76,219

Financials of LTM Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +8,9059,0178,8939,1439,4339,6619,7729,84110,39410,78111,29211,60811,808
Expenses +7,2747,4327,3577,5367,7348,0688,1768,1918,4648,7789,3199,5479,714
Operating Profit1,6311,5851,5361,6061,6991,5931,5961,6491,9302,0031,9732,0612,093
OPM %18%18%17%18%18%16%16%17%19%19%17%18%18%
Other Income +143220208227299212251392300-36323725592
Interest47616872706967726969657670
Depreciation208199227235241264251243282266264261255
Profit before tax1,5191,5451,4481,5261,6871,4721,5291,7261,8791,3051,8811,9781,860
Tax %24%24%24%26%26%26%26%27%26%26%26%26%26%
Net Profit +1,1621,1691,1011,1351,2521,0871,1291,2551,3819601,3871,4691,380
EPS in Rs39.2639.4937.1438.2842.2436.6338.0942.3247.2732.7446.9649.4347.13

Financials of LTM Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +4,9785,8466,5017,3069,44610,87912,37026,10933,18335,51738,00842,30845,488
Expenses +3,9734,8195,2716,1197,5628,8499,64520,86027,07529,13031,51334,75237,359
Operating Profit1,0051,0281,2301,1871,8832,0292,7255,2496,1086,3876,4957,5558,130
OPM %20%18%19%16%20%19%22%20%18%18%17%18%18%
Other Income +99187187426302329274766557702990566221
Interest106316118379123150222279276281
Depreciation1581741781561472733325977238199921,0541,046
Profit before tax9361,0351,2361,4422,0282,0032,5885,2945,7926,0496,2146,7917,024
Tax %18%19%21%23%25%24%25%25%24%24%26%27%
Net Profit +7698369711,1121,5161,5201,9383,9504,4104,5854,6024,9835,195
EPS in Rs47.6549.2556.9164.6587.3787.30110.79225.27149.02154.72155.21169.25176.26
Dividend Payout %63%72%29%33%32%32%36%41%40%42%42%44%

Financials of LTM Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital16171717171718303030303030
Reserves2,0102,1083,1273,8434,8765,3877,28614,25816,56219,98822,66923,99525,844
Borrowings +218550009127982583542,0712,1872,3102,383
Other Liabilities +7349581,2731,4771,7702,4992,6046,0276,5355,4565,71210,81410,210
Total Liabilities2,9783,1374,4175,3376,6648,81510,70620,57223,48127,54430,59837,14838,467
Fixed Assets +6836385426819301,9201,9063,4733,6794,9815,2855,6265,672
CWIP2520171259665039025516819221,049
Investments104439411,2641,7402,2193,7306,0485,4588,7449,84512,56812,902
Other Assets +2,1662,4372,9343,3853,9824,6175,00410,54813,44213,26914,78718,03318,844
Total Assets2,9783,1374,4175,3376,6648,81510,70620,57223,48127,54430,59837,14838,467

Financials of LTM Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +6428581,1708441,3951,6442,4003,2513,0955,6704,5464,799
Cash from Investing Activity +-103-40-961-452-749-643-1,657-1,643-271-3,918-1,729-1,604
Cash from Financing Activity +-497-817-33-408-594-890-509-1,680-1,932-2,269-2,574-2,926
Net Cash Flow422176-1652110234-73892-518242269
Free Cash Flow4487441,1017461,2421,4012,1332,1982,1604,8363,6123,890
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit91%109%115%101%99%101%112%88%76%113%95%88%

Financials of LTM Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days807366707178616462595664
Inventory Days
Days Payable
Cash Conversion Cycle807366707178616462595664
Working Capital Days584943605342333744363926
ROCE %48%47%46%42%47%37%37%48%38%32%28%30%

Guidance history

How LTM Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →0–10%FlatPlanned——
Q1 FY27 call →0–10%FlatPlanned—Flat
Q4 FY26 call →10–20%FlatPlanned——
Q4 FY26 call →0–10%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

23out of 100

Momentum score · price trend

23 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−21.9%34%
Last 6 months−7.6%41%
Last 3 months+7.7%76%

The price is 40.1% below its all-time high of ₹7,332 (31 Dec 2021). Stocks more than 20% below their peak have their score halved, so 45 became 23.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For LTM Ltd: 0.4 × 34 + 0.4 × 41 + 0.2 × 76 = 45, halved to 23 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 16 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What LTM Ltd's management said in earlier quarters

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