LTM Delivers Solid Q3 Performance Driven by Strategic AI Pivot and Strong Deal Momentum

Operating EBIT margin expands by 230 bps YoY to 16.1% Adjusted PAT up 29% YoY

Mumbai, January 19, 2026: LTM [NSE: LTIM, BSE: 540005], a global technology consulting and digital solutions company, announced its consolidated results today for the third quarter ended December 31, 2025, as approved by its Board of Directors.

“Our strong Q3FY26 performance reflects the impact of our strategic AI pivot, continued success in large deals, and operational excellence, supported by our proactive efforts to build a more resilient and balanced portfolio. This marks our third consecutive quarter of 2%+ growth, highlighting our disciplined execution, deep tech-domain expertise, and differentiated AI-led offerings. As we look forward, we remain focused on driving profitable growth and delivering tangible outcomes for our clients.”

– Venu Lambu, Chief Executive Officer and Managing Director

Key financial highlights:

Quarter ended December 31, 2025

In USD:

• Revenue at $1,208 million (+2.4% Q-o-Q / +6.1% Y-o-Y)
• Revenue in constant currency (+2.4% Q-o-Q / +5.2% Y-o-Y)
• Operating margin (EBIT)* at 16.1%, expands by 20 bps Q-o-Q
• Net profit* at $157.0 million (0.1% Q-o-Q / 22.6% Y-o-Y)

In INR:

• Revenue at ₹1,07,810 million (+3.7% Q-o-Q / +11.6% Y-o-Y)
• Operating EBIT* at ₹17,371 million (+5.4% Q-o-Q / +30.7% Y-o-Y)
• Net profit* at ₹14,013 million (1.5% Q-o-Q / +29.0% Y-o-Y)

Other highlights:

Clients:

• 746 active clients as of December 31, 2025
• $5 million+ clients increased by 10 on a Y-o-Y basis, total 162
• $10 million+ clients increased by 7 on a Y-o-Y basis, total 97
• $20 million+ clients increased by 8 on a Y-o-Y basis, total 47

People:

• 87,958 professionals as of December 31, 2025. Added 1,511 employees in Q3.
• Trailing 12-month attrition was 13.8%
• Utilization (ex-trainees) at 86.9%

Deal Wins

• LTM has been selected as a strategic partner by a leading U.S. insurance and financial services company for a multi-year engagement covering application management, infrastructure operations, and end-user services, driven by an AI-led delivery model. This is a $ 155 million Total Contract Value (TCV) for a 5-year term.
• LTM has been selected by a leading manufacturer to consolidate its technology landscape with a multi-year agreement that spans applications, cloud, infrastructure, cybersecurity, data, and AI services.
• LTM has been selected by a global financial institution to deliver end-to-end technology and consulting services across all its lines of business, positioning us as one of their five major service partners.
• LTM has partnered with a global technology company to deploy AI solutions that enable a safe and secure customer experience across one of the world’s largest planet-scale app ecosystems.
• LTM has been selected as a transformation partner by a UK-headquartered food and beverage company. As part of this engagement, we will leverage our AI capabilities to simplify infrastructure and application complexities, manage operational risks, and drive business efficiencies.

Partnerships

• LTM received two prestigious honors at AWS re:Invent 2025 — Global Winner for Application Modernization Consulting Partner of the Year and North America Region Winner: Industry Partner of the Year – Travel & Hospitality.
• LTM won the 2025 Salesforce Partner Innovation Award for Manufacturing, recognizing our industry expertise and commitment to driving growth through innovation and agility.
• LTM was recognized with the Cisco CX Visionary Workplace Award for rapidly modernizing our infrastructure, a testament to the strategic 360° relationship.
• LTM was named Rubrik’s Top Emerging Partner in Data Resiliency, reflecting our strong partnership and shared commitment to safeguarding digital ecosystems through innovation.
• LTM expanded its global collaboration with Microsoft to accelerate Azure adoption and drive AI-powered business transformation. This milestone reinforces our 360° partnership, helping enterprises move from pilots to productivity and unlock innovation, resilience, and growth at scale.

Recognitions

• LTM recognized as a Leader & Star Performer in Everest Group’s Banking IT Services PEAK Matrix® Assessment 2025.
• LTM recognized as a Leader in Everest Group’s Payment IT Services PEAK Matrix® Assessment 2025.
• LTM recognized as a Leader in Everest Group’s Talent Readiness for Next Generation Data, Analytics and AI Services PEAK Matrix® Assessment 2025.
• LTM recognized as a Leader in Everest Group’s Enterprise Quality Engineering Services PEAK Matrix® Assessment 2025.
• LTM recognized as a Leader in Everest Group’s Property & Casualty Insurance IT Services PEAK Matrix® Assessment 2025.
• LTM recognized as a Leader in ISG’s Provider Lens™ Enterprise Service Management (ESM) Services and Solutions 2025 across all 3 quadrants for the U.S. region.
• LTM recognized as a Major Contender in Everest Group’s Artificial Intelligence (AI) and Generative AI Services PEAK Matrix® Assessment 2025.
• LTM recognized as a Major Contender in Everest Group’s Cloud Security Services PEAK Matrix® Assessment 2025.
• LTM recognized as an Enterprise Innovator in HFS Horizons’ Travel and Hospitality Service Providers Ecosystem 2025.
• LTM recognized in Forrester’s ‘Salesforce Consulting Services Landscape, Q4 2025’ report.
• LTM recognized as a Leader in Avasant’s Intelligent IT Ops Services 2025-2026 RadarView™.
• LTM recognized as an Innovator in Avasant’s Generative AI Services 2025 RadarView™.