In a significant corporate development, LTIMindtree has announced that its Board of Directors has approved a proposal to change the company's legal name to LTM Limited, effective February 11, 2026, according to an exchange filing. The rebranding marks the next phase of evolution for the tech major, which had previously adopted the LTIMindtree identity on November 15, 2022, following the merger of Larsen & Toubro Infotech (LTI) and Mindtree—both subsidiaries of Larsen & Toubro Limited.
Brokerages had delivered divergent opinions on LTIMindtree after the IT services firm released its Q3 FY26 results for the quarter ending December 2025. The company's profitability took a notable hit due to a one‑time charge linked to the implementation of new labour codes, even as operational metrics such as revenue and margins held steady or improved.
According to the previous exchange filing, consolidated revenue from operations rose 3.7% sequentially to Rs 10,781 crore, aligning with and marginally exceeding market expectations.
However, bottom‑line performance was subdued. Net profit fell sharply to Rs 971 crore, down nearly 31% from Rs 1,401 crore in the previous quarter. This decline stemmed primarily from a Rs 590 crore provision, necessitated by regulatory changes under India's new labour codes.
Operationally, LTIMindtree maintained growth momentum despite the one‑off drag. EBIT increased 5.4% quarter‑on‑quarter to Rs 1,737 crore, coming in slightly above analyst expectations of Rs 1,706 crore. Margins also strengthened: the EBIT margin improved to 16.1%, up from 15.9%, outperforming the projected 15.84%.
The mixed operational picture prompted varying brokerage reactions. Some analysts viewed the margin resilience and revenue stability positively. For instance, Morgan Stanley raised its target price, pointing to the company's strong deal pipeline and improved operating metrics. Others, such as Citi, took a more cautious stance, trimming their target price on the grounds that valuation levels appeared stretched relative to near‑term earnings volatility.
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