LTM FY26 Results: $4.76B Revenue, ₹51 Dividend, Lakshya'31

What LTM reported and why it matters

LTM Limited reported FY2026 results that combined mid-single digit revenue growth, improved operating margins, and its highest deal wins in recent years. The company also declared a record total dividend of ₹51 per share for FY26, adding a shareholder return highlight to an execution-heavy year. Management used the Q4 and FY2026 earnings conference call on April 23, 2026 to outline how the business is being reshaped around an AI-led delivery and commercial model. The pivot is being framed through a five-year plan, Lakshya'31, with a stated goal to double revenue in five years through organic growth and strategic acquisitions.

FY2026 financial performance in brief

For FY2026, LTM reported revenue of USD 4.76 billion, up 6% year-on-year. Operating margins improved by 90 basis points to 15.4% for the year. Adjusted profit after tax (PAT) rose 17% year-on-year to ₹5,379 crore. In rupee terms, the company also reported FY26 revenue of ₹42,308 crore, an 11% increase over FY25.

The company linked the margin improvement to a set of operational programmes executed during FY2026, including cost optimisation and changes in deal pursuit and delivery. Management positioned these moves as foundational for scaling AI-led work, where productivity and outcome delivery are increasingly central to client decision-making.

Q4 FY2026 snapshot: revenue, profit, and growth

In Q4 FY2026, LTM reported revenue of USD 1.22 billion. In rupee terms, quarterly revenue stood at ₹11,292 crore, up 4.7% sequentially and 15.6% year-on-year. In another disclosure on the March quarter, the company reported net profit of ₹1,341 crore, up 18.8% year-on-year, while sequentially profit fell 4.3% due to one-time exceptional items.

Management described the macro environment as tepid, but pointed to improved deal momentum through the quarter. The company also flagged that it entered FY27 with what it called a robust pipeline.

Deal wins hit multi-year highs, led by large contracts

Total order inflow for FY2026 rose 10.3% year-on-year to USD 6.6 billion, including six deals exceeding USD 100 million. In the March quarter, total deal wins were USD 1.7 billion, marking the sixth consecutive quarter with inflows above USD 1.5 billion. The CEO and managing director, Venu Lambu, told Moneycontrol that much of the large-deal momentum came from replacing incumbent vendors, helped by sharper AI-led solutions and a client push toward efficiency and vendor consolidation.

Management also said deal wins were broad-based across segments including BFSI, manufacturing and consumer, and technology services. Lambu added that competition for FY27 is expected to play out on two dimensions: cost efficiency and capability strength, particularly around modernisation needed to make tech stacks AI-ready.

Key client engagements cited in the quarter

During the earnings call, LTM highlighted a set of large engagements to illustrate where demand is emerging. These included a project with the Central Board of Direct Taxes to modernise India’s national direct tax analytics platform to improve compliance. The company also cited work for a leading European MedTech company for product development, a US-based global financial institution for AI-led business process transformation, and a US-based global enterprise software provider for AI-driven digital transformation.

These examples were presented as evidence of a shift from standalone technology execution toward domain-led problem solving, which the company believes will define enterprise AI adoption at scale.

Lakshya'31: a five-year plan to double revenue

LTM announced Lakshya'31 as a five-year strategy to double revenue, combining organic initiatives with an inorganic component through targeted acquisitions. The plan is anchored in an AI-led foundation built on future-ready talent, reimagined delivery, and structurally improved productivity. Management described three focused AI pivots: domain-technology convergence, reimagined capabilities structured through lines of business, and a reimagined partner ecosystem.

The company also said it is rebranding to LTM and pivoting toward an AI-centric “Business Creativity Partner” model. It framed this as a shift in identity and operating approach, as client expectations move toward measurable outcomes from AI programmes.

New operating model: three lines of business and four reporting segments

As part of the strategy, LTM outlined three service lines: iRun (core IT operations), iTransform (modernisation and cloud), and a new Business AI unit focused on agentic AI. Lambu said Business AI represents a new addressable spend area and is positioned to be a major growth driver.

From Q1 FY2027, the company will consolidate reporting under four business segments: banking, financial services, and insurance; Technology, media, and communication; Production; and Consumer. LTM also said it plans to deepen presence in the US, scale across Europe, and make focused bets in select markets.

BlueVerse and the agentic AI push

LTM launched BlueVerse™, described as its agentic AI ecosystem, and expanded it with three purpose-built platforms: AgentIQ, AppIQ, and FusionIQ. The company also launched Skillet Weave, a skills marketplace for AI agents, with more than 700 skills said to be ready for deployment.

It introduced BlueVerse Studio as a hub aimed at accelerating enterprise agentic AI adoption while delivering measurable business outcomes. Management said the launch builds on earlier disclosures around AI-linked pricing models and the Blueverse Credit platform, now integrated into a broader ecosystem.

Blueverse Credit and AI-linked pricing for FY27

LTM has said it plans to roll out a pricing framework anchored in an “AI currency”, dubbed Blueverse Credit, in the first quarter of FY27 with select customers. The company positioned this as a step beyond traditional billing, combining human effort with “digital employees” as agentic AI becomes a larger part of delivery.

In the earnings materials, LTM linked the move to its shift into an AI-centric organisation, and stated it has over 87,000 employees across 40 countries.

Market impact: what investors can track next

Two near-term items stand out for investors tracking execution against the strategy. First is whether LTM can sustain the pace of large-deal wins after a FY26 order inflow of USD 6.6 billion and six deals above USD 100 million, especially as clients consolidate vendors. Second is how quickly the Blueverse ecosystem and AI-linked pricing can convert into scalable revenue without disrupting delivery metrics.

Management expressed confidence about maintaining momentum into FY2027, while also noting that forward-looking statements carry risks. LTM has scheduled an Investor Day on June 3, 2026, where it plans to share additional details on strategy.

Key numbers at a glance

Conclusion

LTM’s FY2026 results brought together USD 4.76 billion in revenue, a 15.4% EBIT margin, and USD 6.6 billion in deal wins, alongside a record ₹51 dividend per share. The company is now tying its growth roadmap to Lakshya'31, a rebrand to LTM, and an AI-centric delivery and monetisation model built around BlueVerse and Blueverse Credit. The next detailed checkpoint for markets is the June 3, 2026 Investor Day, after the strategy was introduced during the April 23, 2026 earnings call.