LTM Limited

Profit volatility in recent quarters: net profit fell to ₹928.6 Cr in December 2025 despite stable 18.62% OPM, then recovered to ₹1,468.6 Cr by June 2026 — verify whether this reflects project timing, working capital, or seasonal patterns.

Revenue growth accelerated in recent quarters (9.5% Mar–Jun 2026) after slowing in H1 (December 2025 fell 0.8% vs September) — verify sustainability and whether growth reflects market recovery or base effects.

PE multiple of 26.73 with negative 1-year return of -6.4% suggests valuation concerns despite positive fundamentals (ROE 21.48%, zero debt) — verify whether market is pricing in slower growth or structural headwinds.

Operating margin of 17.9% limits downside cushion if wage inflation or client pricing power tightens — verify cost structure and client contract terms for pricing flexibility.

• Net profit reached ₹1,468.6 Cr in Jun 2026, growing 6% over two quarters (Mar–Jun) while revenue grew 2.8%, showing earnings power beyond volume growth.
• ROE of 21.48% and zero debt (D/E 0) enable reinvestment-funded growth without dilution or leverage.
• Data and cloud focus serves Indian enterprise digital transformation; verify current market penetration, win rates, and addressable market share.
• L&T merger integration creates cross-sell potential within enterprise base (promoter 68.49% ownership); verify L&T-sourced revenue contribution and pipeline.