LTM Limited, the Larsen & Toubro subsidiary formerly operating under the LTIMindtree name, posted second-quarter fiscal 2027 revenue of $1,235.2 million on 16 October 2026, a figure that represented a 5.1% gain against the prior-year period on a constant-currency basis. Revenue denominated in rupees climbed to ₹118,076 million, reflecting a 13.6% increase against the prior-year period.

Shares rose 3.66% on the day of the announcement, reaching $4,390 — a level that falls within the stock's annual trading range of $3,528 to $6,429.50.

Earnings before interest and taxes came in at $192 million, a 2.8% gain against the same period a year earlier, while the corresponding margin edged up ten basis points from the prior quarter to 15.6%. Quarterly net earnings reached $144 million, a 7.9% decline from the prior-year period, with the company attributing the shortfall to the absence of a non-recurring gain tied to the Voicing AI investment that had contributed to Q1 FY27 results. Profit after tax as a share of revenue fell to 11.7%, down from 12.7% recorded a quarter earlier.

New orders received across the three-month period totalled $1.26 billion. The board approved an interim dividend of ₹25 per equity share, a figure 13.6% above the amount distributed twelve months prior, extending the company's consecutive annual payout record to eleven years.

AI-derived revenue reached 13.4% of the company's overall sales mix, expanding at a 40% pace compared with the prior year, according to Chief Executive Venu Lambu. Taken together, the Enterprise AI and Business AI divisions posted a 47% increase in revenue against the same period a year earlier.

A Claude Centre of Excellence, established through a partnership between LTM and Anthropic, was set up during the quarter and brought more than 1,000 associates through its certification programme. Google Cloud recognised the company as a Global Systems Integrator partner during the period, and a Salesforce and Agentic AI product entered the AWS Marketplace catalogue, described by the company as the first of its kind.

A financial services account crossed the $100 million annual revenue threshold for LTM during the period, bringing the total number of accounts at that spending level to three. Executives described the company's strategic positioning around what they characterised as a shift toward AI-driven automation of complex business workflows, a phase they referred to as the agentic enterprise era.

Outlays tied to direct operations climbed 17.4% against the prior-year period, reaching ₹85,017 million, while selling, general, and administrative expenditure edged down 0.6% over the same comparison window. The tax rate held at 25.8%, unchanged from the prior period.

The ratio of operating cash flow to profit after tax narrowed to 39% in Q1 FY27, down from 79% a year earlier, with leadership citing advance payments, gratuity funding obligations, and tax-related cash outflows as the factors behind that contraction. The ratio of free cash flow to profit after tax narrowed to 24 cents on the dollar, down from 63 cents recorded in the preceding quarter. The firm held $1.60 billion across cash and investment holdings and carried no outstanding debt.

The Financial Services division, which accounted for roughly 34.7% of total revenue, led sequential revenue gains with a 3.0% increase in dollar terms from the prior period. The Consumer division, accounting for roughly a quarter of total revenue, posted a 7.7% uptick against the prior-year period.

The North American region, accounting for nearly three-quarters of total revenue, posted a 4.7% increase against the prior year. European markets, which represented roughly 15% of revenue, recorded a 6.4% gain against the prior year.

Twenty new accounts were added during the quarter, bringing the total roster of active clients to 729. Among clients holding portfolios valued at $5 million or above, the total reached 172 — a gain of 14 from the prior period — while those in the $10 million and above bracket numbered 109, having added 16 over the same timeframe.

Headcount reached 88,835 people, while the rolling twelve-month staff departure rate fell to 13.3%, a decline of 90 basis points against the figure recorded a year earlier. Across the organisation, just under a third of all staff positions were held by women. Work performed offshore accounted for 85.9% of total effort, a share that rose 70 basis points against the same period a year earlier. LTM holds active agreements with 24 vendor partners across its technology ecosystem.

Venu Lambu, who holds the position of chief executive, received Gold Stevie recognition in the AI Leader of the Year category. On two separate ESG rating frameworks, the firm recorded 77 out of 100 through the SES assessment and 76 out of 100 under the NSE methodology.

The leadership team projected stronger performance in the second half of fiscal 2027 than in the opening half. Completion of the deal to acquire Randstad's digital operations across Europe and Australia is expected during the third quarter of FY27. Management outlined a plan to hold group-level EBIT margins in FY27 broadly in line with FY26 levels, a target that incorporates the expected financial impact of any deals completed during the period.

Spread across more than 40 nations, the firm's network of 126 offices draws its workforce of 88,835 staff members from more than 100 nationalities.