LTM Q2 Results October 16, 2026: Revenue Up 13.6% to ₹11,808 Crore, Profit Flat; ₹25 Dividend

LTM Q2 results came out after market hours on October 16, 2026, and the top line and bottom line went different ways. The IT services company, formerly LTIMindtree, grew revenue 13.6% year-on-year to ₹11,807.6 crore for the September quarter. Net profit, though, was flat at ₹1,379.9 crore. The board also declared an interim dividend of ₹25 per share. All figures here come from the company’s investor release and results filed with NSE. For the broader picture, see our stock market today India hub.

LTM Q2 results in numbers

These are consolidated figures for the quarter ended September 30, 2026 (Q2 FY27). Year-on-year comparisons are with Q2 FY26; quarter-on-quarter comparisons are with Q1 FY27.

• Revenue from operations: ₹11,807.6 crore, up 13.6% from ₹10,394.3 crore a year earlier and up 1.7% from ₹11,608.0 crore in the June quarter.
• Dollar revenue: $1,235.2 million, up 1.0% quarter-on-quarter and 4.7% year-on-year. In constant currency, which takes out exchange-rate moves, growth was 1.1% sequentially and 5.1% from a year ago.
• EBIT: ₹1,838.1 crore, up 11.5% year-on-year and 2.2% sequentially. EBIT margin was 15.6%, 10 basis points above the June quarter and 30 basis points below a year earlier.
• Net profit after tax: ₹1,379.9 crore, down 0.1% from ₹1,381.2 crore a year earlier and down 6.0% from ₹1,468.6 crore in the June quarter.
• Profit attributable to shareholders: ₹1,397.9 crore, against ₹1,401.1 crore a year earlier and ₹1,466.3 crore in the June quarter.
• Order inflow: $1.26 billion for the quarter.

Where the profit went

Operating profit grew 11.5%, only a bit slower than revenue. So the flat bottom line is mostly a story from below the EBIT line. Other income dropped to ₹91.5 crore from ₹300.4 crore in Q2 FY26, a fall of about 70%, and from ₹255.4 crore in the June quarter. That pulled profit before tax down about 1.0% year-on-year to ₹1,859.7 crore even as EBIT rose. Total tax expense for the quarter was ₹479.8 crore.

In dollars, net profit was $144 million, down 6.7% from the June quarter and 7.9% from a year earlier, the company’s release shows.

Clients, headcount and the AI piece

LTM said revenue from its Enterprise AI and Business AI offerings together grew 47% year-on-year. CEO and managing director Venu Lambu credited the company’s AI-focused strategy and said a financial services client had moved into its $100 million-plus revenue bracket.

Active clients numbered 729, with 20 new ones added in the quarter. Clients billing more than $10 million went up by 16 from a year earlier to 109, and the $100 million-plus group rose by one to three. Headcount was 88,835, trailing 12-month attrition was 13.3%, and utilisation excluding trainees was 86.4%, down 170 basis points from a year earlier.

Dividend date and the stock

The ₹25 interim dividend on shares of ₹1 face value will be paid within 30 days of declaration to shareholders on record as of Friday, October 23, 2026, the filing says.

LTM shares closed at ₹4,390 on the NSE on Friday, up ₹155 or 3.66% from ₹4,235, according to the NSE bhavcopy for October 16. That was before the results. The Economic Times reported, citing NSE data, that the stock was still down 28.17% so far in 2026.

Reading between the lines

Rupee revenue growth looks solid, but dollar revenue grew a slower 4.7%. In other words, a good chunk of the 13.6% rupee number is currency translation, not extra business. Margins held near 15.6%; lower other income is what kept profit flat. When trading resumes on Monday, we expect the market to weigh the 1.1% constant-currency sequential growth and the $1.26 billion order inflow against the profit miss. Our earlier LTIMindtree Q2 results date post had the reporting schedule, and our guide on how to analyse quarterly results of a company explains how to read these numbers.

This article is a news summary for information only and is not investment advice. Please consult a SEBI-registered adviser before making investment decisions.