Home / Companies / Quarterly Results / LTM Q1FY27 net profit up 17% at ₹1,468 cr, revenue jumps 18% to ₹11,608 cr

LTM Q1FY27 net profit up 17% at ₹1,468 cr, revenue jumps 18% to ₹11,608 cr

LTM said its Q1 performance reflected progress in executing its AI-centric strategy, with AI revenue at about $150 million on a quarterly run-rate basis

On a dollar basis, the company’s revenue for the period ended June 30 was $1.22 billion, up 6.1 per cent

2 min read Last Updated : Jul 12 2026 | 11:42 PM IST

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LTM, formerly known as LTI Mindtree, saw a net profit of ₹1,468 crore during the first quarter of the current financial year (Q1FY27), a 17 per cent rise compared to the same period of the previous year.

Revenue was up 18 per cent at ₹11,608 crore in Q1.

In dollar terms, the company’s revenue for the period ended June 30 (Q1) was $1.22 billion, up 6.1 per cent.

Growth in constant currency (CC) was 6.4 per cent.

“Our Q1FY27 performance reflects the progress we have made in executing our artificial intelligence (AI)-centric strategy and our continued profitable growth journey. Our AI pivot is now producing tangible proof points for clients, visible in the outcomes we are creating and in the size and nature of the engagements we are winning. With a strong order book and healthy pipeline across our industry segments, we are confident that our growth momentum will continue to build through the year,” said Venu Lambu, chief executive officer (CEO) and managing director (MD), in a statement.

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Except for financial services, which reported negative growth of 2.5 per cent on a CC basis, all other verticals — consumer, technology, and production — reported growth of 18.2 per cent, 10 per cent and 5.3 per cent, respectively.

Lambu added that the company's AI revenue across creative, business and industrial segments was about $150 million on a quarterly run-rate basis.

Earnings before interest and taxes (Ebit) margin also improved 120 basis points (bps) to 15.5 per cent.

Attrition remained unchanged at 13.3 per cent and total headcount marginally went down to 87,886 during the quarter.

IT services companies have been slow on hiring for some time because of the volatile macroeconomic conditions. TCS, however, started the new financial year with a positive intent on hiring.