Order Inflow (Q4)
$1.7B
Flat QoQ
Sixth consecutive quarter above $1.5B, indicating sustained demand.
LTM
Other
30 Apr 2026
LTM Ltd — Q4 FY26
LTM reported Q4 FY26 revenue of $1.22B (+8.1% YoY) and EBITDA margin of 15.1% (-100bps QoQ due to wage hikes).
✓ Verified against BSE filing
2-Min Summary
LTM reported Q4 FY26 revenue of $1.22B (+8.1% YoY) and EBITDA margin of 15.1% (-100bps QoQ due to wage hikes). Full-year revenue reached $4.76B (+6% YoY) with EBITDA margin of 15.4% (+90bps YoY). PAT for the quarter was ₹1,387Cr. Growth was broad-based with four of five verticals posting double-digit YoY growth. Order inflow remained strong at $1.7B, marking the sixth consecutive quarter above $1.5B. Management expressed confidence in sustaining growth momentum into FY27, citing a robust pipeline and the Lakshya 5-year strategy targeting revenue doubling. Key risks include slower-than-expected ramp-up in the top BFSI account and extended transition timelines for large deals like CBDT.
Key Numbers
Total Order Inflow (FY26)
$6.66B
+10.3% YoY
Includes six $100M+ deals, reflecting strong large deal momentum.
Headcount
87,950
+3,643 YoY
Net addition of 3,643 employees; 6,729 freshers added during the year.
Attrition (TTM)
13.3%
-50bps QoQ
Improved from 13.8% in Q3, indicating better retention.
Management Guidance
Revenue doubling in 5 years (Lakshya strategy)
Management targets doubling revenue over five years, implying a ~15% CAGR, with inorganic contributions planned.
growthContinued growth momentum in FY27
Management expects to sustain the growth momentum built in FY26, with confidence in full-year performance despite possible quarterly softness.
growthMargin expansion focus
The New Horizons program includes operating efficiencies as a key pillar, aiming to expand margins further over time.
marginsKey Risks
Top BFSI account recovery slower than decline
The top BFSI account's growth recovery may not match the speed of its decline, potentially weighing on near-term revenue.
medium · management_commentaryExtended transition for large deals
The CBDT deal has a longer transition timeline due to hardware delivery dependencies, delaying revenue ramp-up.
low · management_commentaryCompetitive pressure on contract renewals
Competitors may offer incremental savings to clients, triggering early renegotiations or contract losses.
medium · analyst_questionAI productivity pass-through compressing base business
AI-driven productivity improvements in existing contracts could reduce revenue from traditional services over time.
medium · analyst_questionNotable Quotes
We are confident to continue the growth momentum that we have built in the entire FY26 that will flow into FY27.
The trigger point for any contract... I look this as not as a contract. I look this as relationships.
We are looking to expand margins further and we are working on that continuously.