LTM Reports Q2 Revenue Of ₹118 Billion Versus ₹116 Billion Sequentially

Market snapshot: LTM Limited reported its second-quarter consolidated revenue at ₹118 billion (₹11,800 crore), marking a sequential expansion from ₹116 billion (₹11,608 crore) in the previous quarter. The steady top-line uptick highlights sustained execution across enterprise digital transformation programs.

Data Snapshot

• Q2 revenue stood at ₹118 billion (₹11,800 crore), expanding sequentially from ₹116 billion in Q1.
• Prior quarter (Q1) consolidated revenue stood at ₹11,608 crore with an operating EBIT margin of 15.5%.

What's Changed

• Revenue expanded by ₹200 crore QoQ, rising from ₹116 billion (₹11,608 crore) in Q1 to ₹118 billion (₹11,800 crore) in Q2 (derived: ≈1.72% QoQ growth).

Key Takeaways

• Sequential revenue growth reflects steady operational execution and deal ramp-ups across IT service verticals.
• The top-line baseline strengthens following Q1 revenue of ₹11,608 crore.
• The Board considered financial results and interim dividend proposals during the October 16 meeting.

SAHI Perspective

LTM Limited's sequential revenue increase to ₹118 billion demonstrates operational consistency in an environment driven by digital modernization and efficiency programs. The ₹200 crore top-line gain over Q1 (₹116 billion) confirms ongoing deal conversions and client billing stability.

Market Implications

The top-line progression provides reassurance regarding IT service demand stability, supporting broader sector market sentiment around quarterly earnings delivery.

Trading Signals

Market Bias: Bullish

LTM demonstrated positive sequential revenue momentum, expanding top-line performance to ₹118 billion from ₹116 billion in Q1. Sequential top-line growth confirms active project delivery.

Overweight: Information Technology, IT Services

Trigger Factors:

• Q2 operating EBIT margin details
• Interim dividend declaration details
• Management commentary on deal wins and TCV

Time Horizon: Near-term (0-3 months)

Industry Context

Indian IT service providers continue to prioritize operational efficiencies and delivery optimization to drive sequential revenue expansion amidst dynamic global enterprise technology spending.

Key Risks to Watch

• Potential fluctuations in client discretionary technology budgets.
• Cross-currency movements affecting translated rupee realizations.

Recent Developments

LTM Limited announced on October 8, 2026 that its Board of Directors would meet on October 16, 2026 to approve Q2 unaudited financial results and evaluate an interim dividend with a record date of October 23, 2026.

Closing Insight

LTM's steady sequential revenue expansion highlights resilient delivery capabilities and operational execution in core IT services.

High Performance Trading with SAHI.