LTM Q1 Results FY27: PAT Rises 17.06% to Rs 1,468 Crore as Revenue Grows 17.96%

LTM Q1 results FY27 were announced on Saturday, 11 July 2026, with the Mumbai headquartered IT services major, formerly known as LTIMindtree, reporting a consolidated net profit (PAT) of Rs 1,468 crore, up 17.06% from the year ago quarter. Revenue from operations in the LTM Q1 results FY27 rose 17.96% year on year to Rs 11,608 crore from Rs 9,840 crore, while gross profit surged 27.93% to Rs 1,799 crore.

Shares of LTM rallied 4.74% to Rs 4,037.20 after the LTM Q1 results FY27, a strong positive reaction that stands out against a subdued year for IT services stocks. Gross profit growth comfortably outpacing revenue growth signals a genuine improvement in profitability, not just a top-line beat.

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LTM Q1 results FY27 Financial Highlights

The June quarter delivered the strongest combination of growth and margin expansion seen from a large IT services company this earnings season, and that combination defines the LTM Q1 results FY27. The table below summarises the consolidated numbers against the year ago quarter.

Metric	Q1 FY27	Q1 FY26	YoY Change
Revenue from Operations	Rs 11,608 Cr	Rs 9,840 Cr	+17.96%
Gross Profit	Rs 1,799 Cr	Rs 1,406 Cr	+27.93%
Net Profit (PAT)	Rs 1,468 Cr	Rs 1,254 Cr	+17.06%

On a dollar basis, revenue in the LTM Q1 results FY27 came in at approximately 1.22 billion dollars, up around 6.1% year on year, with constant currency growth of about 6.4%, confirming that the rupee revenue strength was backed by genuine underlying business growth rather than currency tailwinds alone.

LTM Q1 results FY27 Performance Analysis

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The standout number is gross profit growth of 27.93%, well ahead of revenue growth of 17.96%. This gap points to genuine operating leverage, better pricing, and disciplined cost management, rather than just volume-led growth.

Management attributed the strong quarter to progress in executing an AI-centric strategy, with continued investment in AI-led service lines translating into both revenue growth and improved deal economics. This is a notable shift from earlier quarters where AI adoption was seen as a potential threat to traditional IT services billing models.

PAT growth of 17.06% closely tracked revenue growth, showing that the margin gains at the gross profit level are largely flowing through to the bottom line rather than being absorbed by higher operating costs or tax outgo, a healthy sign for the sustainability of this trend.

LTM Q1 results FY27: Key Business Factors

1. AI-Centric Strategy Execution

The launch of BlueVerse for iRun, an AI-native managed services model, reflects the company’s push to move beyond headcount-based delivery toward a platform-led, outcome-driven approach, a structural shift underpinning the LTM Q1 results FY27.

2. Broad Based Vertical Growth

Growth this quarter was spread across key verticals rather than concentrated in one segment, reducing client concentration risk and providing a more resilient revenue base heading into the rest of FY27.

3. Marquee Deal Wins

New project wins, including work with government bodies such as the Central Board of Direct Taxes on AI powered tax analytics, demonstrate the company’s ability to win large, technically complex mandates that support the current growth.

Dividend Details

No new dividend was announced specifically alongside the June quarter numbers, though the company maintains a consistent history of quarterly payouts as part of its capital allocation policy, and shareholders should watch for the next declaration at future board meetings.

LTM Q1 results FY27 Outlook for the Full Year

The June quarter sets a strong tone for FY27. Revenue is forecast to grow at a mid-to-high single digit pace annually over the next few years, and if the margin expansion seen in the LTM Q1 results FY27 continues, earnings growth could outpace revenue growth through the year. Investors should track deal pipeline commentary, AI-linked revenue contribution, and constant currency growth trends in coming quarters.

LTM Stock Performance After the Q1 Results

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LTM share price surged 4.74% to close at Rs 4,037.20 on the NSE after the LTM Q1 results FY27, a strong positive reaction relative to the muted moves typically seen in large IT services stocks this earnings season.

Beyond the LTM Q1 results FY27, the stock has still declined over the past year amid broader IT sector concerns around AI-driven pricing pressure, so this rally partially reverses recent weakness rather than marking a fresh high, and analysts continue to maintain a broadly positive long-term rating on the counter.

Key Risks

Investors going through the fine print of the LTM Q1 results FY27 should also weigh the following risks before drawing conclusions.

1. AI-Led Pricing Pressure

Clients increasingly expect productivity gains from AI to be passed through as lower billing rates, which could pressure the traditional headcount-linked revenue model over time.

2. Global Macro Uncertainty

Slower discretionary technology spending in key markets like North America and Europe could weigh on deal ramp-ups in future quarters, even after a strong showing this quarter.

3. Currency Volatility

A meaningful part of the rupee revenue growth seen in the LTM Q1 results FY27 depends on currency movements, and a stronger rupee could dampen reported growth in future quarters even if underlying dollar revenue holds steady.

Conclusion

LTM Q1 results FY27 show PAT up 17.06% to Rs 1,468 crore and revenue up 17.96% to Rs 11,608 crore, with gross profit growth of 27.93% signalling genuine margin expansion. Strong execution on the AI-centric strategy and broad based vertical growth are the highlights, against sector-wide risks from AI-led pricing pressure. Investors reading the LTM Q1 results FY27 should track deal pipeline trends and consult a SEBI-registered advisor before acting on the numbers.

Frequently Asked Questions on LTM Q1 results FY27

When were the LTM Q1 results FY27 announced?

Ans. The LTM Q1 results FY27 were announced on Saturday, 11 July 2026, when the board approved the consolidated unaudited financial results for the quarter ended 30 June 2026.

What is the PAT in LTM Q1 results FY27?

Ans. The PAT in LTM Q1 results FY27 stood at Rs 1,468 crore, up 17.06% from Rs 1,254 crore in Q1 FY26.

What was the revenue in LTM Q1 results FY27?

Ans. Revenue from operations in the LTM Q1 results FY27 rose 17.96% year on year to Rs 11,608 crore from Rs 9,840 crore, or about 1.22 billion dollars, up around 6.1% in dollar terms.

Is LTM the same company as LTIMindtree?

Ans. Yes. LTM Limited is the new name for LTIMindtree Limited, following a board-approved name change subject to shareholder and regulatory approvals.

How did LTM share price react to the Q1 results FY27?

Ans. LTM share price surged 4.74% to close at Rs 4,037.20 on the NSE after the LTM Q1 results FY27, a strong positive reaction relative to the broader IT sector this earnings season.

Why did gross profit grow faster than revenue in LTM Q1 results FY27?

Ans. Gross profit in the LTM Q1 results FY27 grew 27.93%, well ahead of 17.96% revenue growth, reflecting operating leverage and progress on the company’s AI-centric strategy, which is improving deal economics.

Is LTM a good buy after the Q1 results FY27?

Ans. The LTM Q1 results FY27 show strong growth and margin expansion, though the stock has still declined over the past year amid broader IT sector concerns around AI pricing pressure. This article is for educational purposes only. Consult a SEBI-registered advisor before investing.