- LTM shares dropped 5% after reporting Q4 earnings for FY ending March 2026
- Consolidated net profit rose 43% QoQ to Rs 1,392 crore in Q4
- Revenue increased 4.7% to Rs 11,292 crore, EBIT margin fell to 15.1%
LTM Ltd. (formerly known as LTI Mindtree) shares fell 5% during early trade on Friday after the IT major reported its fourth quarter earnings for the financial year ending March 2026. The stock extended its decline to a third consecutive session.
For the quarter ended March 2026, LTIM saw its consolidated net profit surge to 43% sequentially to Rs 1,392 crore, according to an exchange filing from the company on Thursday. The firm also declared a dividend of Rs 53 per share.
The company's revenue saw an uptick of 4.7% to Rs 11,292 crore compared to the previous quarter's Rs 10,781 crore. Its earnings before interest and taxes increased 4.7% QoQ (quarter-on-quarter) to Rs 1,709 crore from the preceding quarter's Rs 1,737 crore. The firm's EBIT margin contracted to 15.1% compared to 16.1%.
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In light of its Q4 earnings, brokerages have remained largely pessimistic on the counter, with Citi and Jefferies notably issuing target price cuts.
Brokerages on LTM
Citi on LTIMindtree
- Maintain Sell; Cut TP to Rs 3850 from Rs 3945
- Reported a weak quarter with both revenues and margins falling slightly short of expectations
- Mgmt commentary – looking to continue growth momentum; there may be a weak quarter here & there
- Find consensus expectations and valuations high in the context of all the sectoral challenges
Kotak Securities on LTIMindtree
- Maintain Reduce with TP of Rs 4430
- In a steady state; fully valued
- Slight miss on revenue and margins; hi-tech drives growth; BFSI client a drag
- Deal TCV steady but uninspiring; quality of wins needs a leg up
- AI strategy takes shape and has elements similar to peers
- Stock is expensive
Jefferies on LTIMindtree
- Maintain Underperform; Cut TP to Rs 3700 from Rs 4300
- Weak growth outlook
- Growth in Q4 was supported by its recently won deal
- Key vertical and top clients continue to face growth pressures
- Cut FY27-28 EPS est. by 2-3% to factor weak growth outlook
- Expect 6%/9% CAGR in cc revenues/EPS over FY26-29
- Weak growth outlook should drive further derating
ALSO READ: LTM Q4 Results: Profit Jumps 44%, Dividend Of Rs 53/Share Declared; Check Record Date
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