LTM Q4 FY26 Results: PAT ₹1,392 Crore (+23% YoY), Revenue ₹9,836 Crore, Dividend ₹53/Share

LTM Q4 FY26 results are out, with LTIMindtree (now branded LTM) delivering a strong close to FY26. LTM Q4 consolidated net profit attributable to shareholders rose 23.37% year-on-year to ₹1,392.3 crore — compared to ₹1,128.5 crore in Q4 FY25. LTM Q4 PAT growth significantly beat analyst estimates and represents one of the strongest quarters in the company’s history. LTM Q4 board recommended a final dividend of ₹53 per equity share.

LTM Q4 revenue from operations was approximately ₹9,836 crore — reflecting 4%+ year-on-year growth as the company navigated a challenging IT spending environment. LTM Q4 performance was supported by strong deal wins in BFSI, manufacturing, and healthcare verticals, alongside margin improvement from operational efficiency initiatives.

LTM Q4 is the first full year that LTIMindtree has operated under its rebranded identity as “LTM” — a name change aligned with its parent company L&T Group’s strategic communications. LTM Q4 also closed the year as L&T Group’s flagship IT services company with a strong pipeline heading into FY27.

LTM Q4 FY26 Results Date and Dividend

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LTM Q4 FY26 results were declared on April 23, 2026. LTM (formerly LTIMindtree) is a L&T Group IT services company formed from the merger of L&T Infotech and Mindtree in 2022. LTM Q4 operates across BFSI, technology, manufacturing, healthcare, CPG retail, and communications verticals, serving 700+ clients globally.

TCS Q4 FY26 results were declared April 9. Analysis at Univest Blogs — TCS Q4 FY26 Results.

Why LTM Q4 FY26 Results Matter

LTM Q4 is watched because it is Tier-1 Indian IT and a direct comparator for Wipro, HCL Tech, and Tech Mahindra. LTM Q4 PAT growth of 23% — significantly above Wipro’s single-digit growth and HCL Tech’s ~4% — suggests LTM’s execution quality is improving relative to peers. LTM Q4 also validates the LTI-Mindtree merger synergy thesis: the combined entity is demonstrating revenue and margin improvement that neither company was achieving independently.

LTM Q4 deal wins and FY27 guidance will be the market-moving disclosures. LTM Q4 management’s FY27 outlook — especially commentary on North American financial services and manufacturing verticals, and AI-led deal activity — will set sentiment for the stock in H1 FY27.

LTM Q4 FY26: Actual Financial Results

LTM Q4 FY26 actual results significantly beat analyst estimates. Pre-results, analysts had expected LTM Q4 PAT of approximately ₹1,150–1,250 crore — the actual ₹1,392 crore was a substantial beat. LTM Q4 revenue of ₹9,836 crore was above the consensus estimate of ₹9,600–9,700 crore. LTM Q4 EBIT margin improvement (versus Q3’s expected margin pressure from wage hikes) was the key positive surprise.

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LTM Q4 specific metrics to track in the detailed earnings release: EBIT margin (expected around 14%), constant currency revenue growth, deal TCV wins (target: above $600 million per quarter), BFSI vertical performance, and FY27 revenue growth guidance (street expecting 8–12% CC).

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5 Key Factors That Will Drive LTM Q4 FY26 Performance

BFSI Vertical Recovery Driving Revenue Growth

LTM Q4 BFSI — Banking, Financial Services, and Insurance — is the company’s largest revenue vertical and has been showing recovery in spending after a period of caution. LTM Q4 BFSI clients are increasing investment in AI-enabled banking transformation, compliance automation, and digital customer experience — directly benefiting LTM Q4’s strong BFSI capabilities from its legacy L&T Infotech DNA.

LTI-Mindtree Merger Synergies Fully Flowing Through

LTM Q4 is the third full year of the LTI-Mindtree combined entity. LTM Q4 cross-selling benefits — where L&T Infotech’s BFSI and manufacturing clients access Mindtree’s hi-tech and CPG capabilities, and vice versa — are generating incremental revenue that neither standalone entity was generating. LTM Q4 merger synergies in cost (shared functions, facility rationalisation) are also supporting margin improvement.

AI-Led Services Creating New Deal Opportunities

LTM Q4 has been aggressively building AI and GenAI capabilities through its “Canvas” AI platform. LTM Q4 AI-led deals — where clients engage LTM Q4 to implement AI-powered automation, data intelligence, and GenAI applications — represent a new, higher-value service category. LTM Q4 management has been citing AI as a primary driver of deal pipeline expansion.

Manufacturing and Hi-Tech Verticals Accelerating

LTM Q4 manufacturing vertical — serving auto OEMs, aerospace, and industrial machinery companies — has been growing strongly in FY26 as clients invest in factory digitalisation, ERP modernisation, and supply chain AI. LTM Q4 hi-tech vertical serves technology product companies investing in product engineering and cloud migration.

Strong Deal Win Trajectory Supporting FY27 Revenue

LTM Q4 deal wins have been tracking above $500–600 million per quarter in TCV. LTM Q4 large deal wins — particularly multi-year transformation engagements — provide 18–24 month revenue visibility. LTM Q4 FY27 revenue guidance will be anchored by this deal pipeline.

5 Risks to Watch in LTM Q4 FY26

Wage Hike Impact on Q1 FY27 Margins

LTM Q4 EBIT margin beat was partially driven by no wage hike impact in Q4. LTM Q4 typically implements annual wage hikes in Q1 of the next financial year — meaning Q1 FY27 margins will face a 120–150 bps headwind. LTM Q4’s exceptional Q4 margin may not be representative of the near-term run rate.

Client Budget Caution in North America

LTM Q4 North America is the largest revenue geography. US macro uncertainty — particularly IT discretionary spending caution among financial services firms — poses a risk to LTM Q4 revenue growth trajectory. If US financial services IT budgets are cut in H1 FY27 due to geopolitical and tariff concerns, LTM Q4 BFSI pipeline conversion would slow.

AI Productivity Cannibalization

LTM Q4 management has acknowledged that AI productivity tools are reducing the billable hours needed to complete some tasks. LTM Q4 must reprice its services to reflect AI-driven efficiency improvements while transitioning to higher-value AI-led outcome-based contracts. This pricing transition creates near-term revenue per FTE pressure.

Integration Complexity Still Generating Costs

LTM Q4 merger integration, while largely complete, still generates some one-time costs around system harmonisation and organisational changes. LTM Q4 FY27 will be the first full year where integration is truly behind, but residual integration costs could still appear in Q1 FY27.

Competitive Pressure from TCS and Wipro in Key Accounts

LTM Q4 competes for large deal wins against TCS, Infosys, Wipro, and HCL Tech — all with larger delivery footprints and stronger brand recognition among global 2000 clients. LTM Q4 win rate in mega-deal (₹500 crore+) competitive bids remains below that of TCS.

Conclusion

LTM Q4 FY26 results are excellent — PAT growth of 23.4% to ₹1,392 crore, revenue above consensus, record final dividend of ₹53/share. LTM Q4 demonstrates that the LTI-Mindtree merger is generating value: the combined entity is growing PAT faster than either standalone predecessor. LTM Q4 long-term thesis — L&T Group pedigree, BFSI + manufacturing strength, and AI-led transformation capabilities — is compelling. FY27 guidance and wage hike impact in Q1 FY27 are the near-term watchpoints.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE/BSE filings and exchange announcements. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.

For more Q4 FY26 results analysis, visit Univest Blogs.

Frequently Asked Questions

What was LTM Q4 FY26 net profit?

LTM Q4 FY26 consolidated PAT attributable to shareholders was ₹1,392.3 crore, up 23.37% year-on-year from ₹1,128.5 crore in Q4 FY25.

What was LTM Q4 FY26 revenue?

LTM Q4 FY26 revenue from operations was approximately ₹9,836 crore, up approximately 4% year-on-year, above analyst consensus estimates.

What dividend did LTM declare for FY26?

LTM Q4 FY26 board recommended a final dividend of ₹53 per equity share for FY26, subject to shareholder approval at the AGM.

What does LTM stand for?

LTM is the brand name for LTIMindtree Limited — the L&T Group IT services company formed from the 2022 merger of L&T Infotech and Mindtree. The company was rebranded as LTM to align with L&T Group’s brand identity.

Is LTM a good IT stock compared to TCS and Infosys?

LTM is a strong IT company with L&T Group backing, BFSI + manufacturing capabilities, and AI-led growth strategy. Comparative suitability as an investment depends on individual risk appetite, valuation comfort, and portfolio context. Consult a SEBI-registered financial advisor before investing.

What were LTM Q3 FY26 results?

In Q3 FY26, LTM reported solid performance consistent with its FY26 growth trajectory. Specific Q3 PAT and revenue figures are available on the Univest Screener.

When did TCS declare Q4 FY26 results?

TCS Q4 FY26 results were declared on April 9, 2026. Full analysis is available on Univest Blogs. Read the TCS Q4 analysis at Univest Blogs.

Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only and does not constitute investment advice. All financial data is sourced from publicly available NSE/BSE filings and exchange announcements. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.

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