Interim report
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LTM Limited (Formerly LTIMindtree Limited) L&T Technology Center, Tower 1, Gate No. 5, Saki Vihar Road, Powai, Mumbai - 400072, Maharashtra, India. T: +91 92402 97500 Registered Office: L&T House, Ballard Estate, Mumbai - 400 001, India. W: ltm.com • E: info@ltm.com • CIN: L72900MH1996PLC104693 LTM/SE/STAT/2026-27/94 October 16, 2026 National Stock Exchange of India Limited, Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 NSE Symbol: LTM BSE Limited, Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001 BSE Scrip Code: 540005 Dear Sir(s)/Madam, Subject: Outcome of Board meeting In continuation to our letter bearing reference no. LTM/SE/STAT/2026-27/89 dated October 8, 2026, this is to inform you that the Board of Directors at its meeting held today has approved inter-alia the following matters: Financial Results Pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI Listing Regulations’), the Board of Directors has inter-alia approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026 and have taken note of the Limited Review Reports issued by M/s. Deloitte Haskins & Sells, Chartered Accountants LLP (‘Statutory Auditor’), on the aforementioned financial results. A copy of the aforementioned financial results, the Limited Review Reports issued by the Statutory Auditor, the earnings release & fact sheet and the investor presentation are enclosed herewith as Annexure A. Dividend Declared an interim dividend of INR 25/- per equity share of Re. 1 each. The interim dividend shall be paid within 30 days of declaration to those shareholders whose name will appear in the Register of Members or in the list of Beneficial Owners provided by the Depositories as on Friday, October 23, 2026, being the ‘Record Date’ fixed for the purpose.
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LTM Limited (Formerly LTIMindtree Limited) L&T Technology Center, Tower 1, Gate No. 5, Saki Vihar Road, Powai, Mumbai - 400072, Maharashtra, India. T: +91 92402 97500 Registered Office: L&T House, Ballard Estate, Mumbai - 400 001, India. W: ltm.com • E: info@ltm.com • CIN: L72900MH1996PLC104693 Instructions related to TDS on the aforementioned dividend are available on the Company’s website at TDS Instructions on Dividend Distribution - Interim Dividend FY27 Completion of Term of Office of Mr. Sanjeev Aga The Board of Directors took note of the completion of the tenure of Mr. Sanjeev Aga with effect from the close of business hours on November 8, 2026, and placed on record its sincere appreciation for his stewardship and significant contributions for the growth of the Company during his tenure. Appointment of Director Upon recommendation of the Nomination & Remuneration Committee and subject to approval of the shareholders, the Board of Directors have approved appointment of Mr. Anupam Kumar (DIN: 10086651) as Additional Director, designated as Non-Executive Non-Independent Director, liable to retire by rotation, with effect from October 16, 2026. Mr. Anupam Kumar is not debarred from holding the office of Director by virtue of any order passed by SEBI/any other authority. Details pursuant to the extant SEBI requirements are enclosed as Annexure B. The meeting commenced at 2:00 p.m. and concluded at 4:30 p.m. Kindly take the above intimation on record. Thanking you, Yours faithfully, For LTM Limited Angna Arora Company Secretary & Compliance Officer Encl. As above
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Deloitte Haskins & Sells Chartered Accountants LLP Chartered Accountants 19th floor, Shapath-V S.G. Highway Ahmedabad-380 015 Gujarat, India Tel: +91 796 682 7300 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM CONSOLIDATED FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF LTM LIMITED (Formerly known as LTIMindtree Limited) 1. We have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of L TM Limited (Formerly known as LTIMindtree Limited) ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), for the quarter and six months ended September 30, 2026 ("the Statement") being submitted by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of Parent's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under Section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable. 4. The Statement includes the interim financial information of the entities listed in Attachment A. 5. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. Place: Mumbai Date: October 16, 2026 For DELOITTE HASKINS & SELLS CHARTERED ACC NTANTS LLP Chartered Acco ~ts (Firm's Regi tion No. 117364W/W-100739) I Gurvinder Singh Partner (Membership No. 110128) UDIN: 2.GI/C?l 2~D -t-JNH81/g'8'2... Regd. Office: 19th floor, Shapath-V, S.G. Highway, Ahmedabad-380 015, Gujarat, India. Deloitte Haskins & Sells. (FRN .117364W), a Partnership Firm, was converted into Deloitte Haskins & Sells Chartered Accountants LLP (LLP Identification No AAX-2454), a limited liability partnership, with effect from 2 June 2021
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Deloitte Haskins & Sells Chartered Accountants LLP Attachment A Sr No Name of Entities A Parent L TM Limited (formerly known as "L TIMindtree Limited") B Subsidiaries 1 LTIMindtree GmbH 2 LTM Canada Ltd (Formerly known as LTIMindtree Canada Limited) 3 LTM Financial Services Technologies Inc. (Formerly known as LTIMindtree Financial Services Technolooies Inc.) 4 LTM South Africa (Pty) Ltd. (Formerly known as LTIMindtree South Africa (Pty) Limited) 5 LTIMindtree Information Technology Services (Shanghai) Co. Ltd. 6 LTIMindtree, Sociedad De Responsabilidad Limitada De Capital Variable 7 LTIMindtree S.A. 8 LTIMindtree PSF S.A. 9 LTIMindtree Norqe AS 10 LTM A Larsen & Toubro Company AG (Formerly known as LTIMindtree Switzerland AG) 11 LTIMindtree (Thailand) Limited 12 LTM USA Inc. (Formerly known as LTIMindtree USA Inc.) 13 LTM UK & Ireland Limited (Formerly known as LTIMindtree UK Limited) 14 LTIMindtree Middle East FZ-LLC 15 LTM Consultino Brazil LTDA (Formerlv known as LTIMindtree Consultino Brazil Ltda.) 16 LTIM Aramco Dioital Solutions for Information Technoloqy Comoany j1
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LTM LTM Limited (formerly known as LTIMindtree Limited) Registered office: L&T House, Ballard Estate, Mumbai -400 001 Cl N: L72900M H 1996PLC104693 Statement of Consolidated Financial Results for the quarter and six months ended September 30, 2026 tin million, except per share data Quarter ended Six months ended Year ended SI. Particulars Sep_tember 30, June 30, September 30, September 30, September 30, March 31, No 2026 2026 2025 2026 2025 2026 (Unaudited) (Unaudited) · (Unaudited) (Unaudited) (Unaudited) (Audited) 1 Income Revenue from operations 118,076 116,080 103,943 234,156 202,349 423,076 Other income (Refer note 5) 915 2,554 3,004 3,469 6,925 10.944 Total income 118,991 118,634 106,947 237,625 209,274 434,020 2 Expenses a) Employee benefits expense 70,821 69,618 64,676 140,439 128,481 262,869 b) Sub-contracting expenses 11,366 11,134 8,049 22,500 14,303 32,369 c) Finance costs 699 763 693 1,462 1,417 2,763 d) Depreciation and amortization expense 2,552 2,613 2,820 5,165 5,249 10,541 e) Other expenses 14.956 14.722 11.917 29,678 23,770 52,286 Total expenses 100,394 98,850 88,155 199,244 173,220 360,828 3 Profit before tax and exceptional items (1-2) 18,597 19,784 18,792 38,381 36,054 73,192 4 Exceptional items Impact of new Labour Code (Refer note 3) . . 5,281 5 Profit before tax (3-4) 18,597 19,784 18,792 38,381 36,054 67,911 6 Tax expense a) Current tax 4,849 4,645 5,150 9,494 9,755 18,523 b I Deferred tax (51) 453 (170) 402 159I (439I Total tax expense 4,798 5,098 4,980 9,896 9,696 18,084 7 Net profit after tax (5-6) 13,799 14,686 13,812 28,485 26.358 49,827 8 Other comprehensive income/(loss) a) Items that will not be reclassified to profit or loss (net of tax) 64 346 101 410 4 548 b) Items that will be reclassified to profit or loss (net of tax) (736) 5,708 (6,998) 4.972 (6.384I (17.858) Total other comprehensive income/(loss) (672) 6,054 (6,897) 5,382 (6,380) (17,310 ) 9 Total comprehensive income (7+8] 13,127 20,740 6,915 33,867 19.978 32,517 Profit for the period attributable to: Shareholders of the Company 13,979 14,663 14,011 28,642 26,552 50,181 Non-controlling interests (180) 23 (199) (157] (194) (354I Total comprehensive income attributable to: Shareholders of the Company 13,298 20,713 7,096 34,011 20,151 32,808 Non-controlling interests (171) 27 (181) (144) (173) (291} 10 Paid-up equity share capital (Face value: t 1 per share) 296 296 296 296 296 296 11 Other equity (Including Non-controlling interests) 240.781 12 Earnings per share (Refer note 8): a) Basic (in t) 47.15 49.46 47.28 96.60 89.61 169.33 b) Diluted (in~) 47 11 49.42 47,23 96,53 89.50 169 13
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Consolidated Statement of Assets and Liabilities as at September 30, 2026 Particulars ASSETS Non-current assets (a) Property, plant and equipment (b) Right-of-use assets (c) Capital work-in-progress (d) Goodwill (e) Other intangible assets (f) Intangible assets under development (g) Financial assets (i) Investments (ii) Other financial assets (h) Deferred tax assets (net) (i) Income tax assets (net) (j) Other non-current assets Total non-current assets Current assets (a) Inventories (b) Financial assets (i) Investments (ii) Trade receivables (iii) Unbilled revenue (iv) Cash and cash equivalents (v) Other bank balances (vi) Other financial assets (c) Income tax assets (net) (d) Other current assets Total current assets TOTAL ASSETS EQUITY AND LIABILITIES Equity (a) Equity share capital (b) Other equity Equity attributable to owners (c) Non-controlling interests Total equity Liabilities Non-current liabilities (a) Financial liabilities (i) Lease Liabilities (ii) Other financial liabilities (b) Deferred tax liabilities (net) (c) Provisions Total non-current liabilities Current liabilities (a) Financial liabilities (i) Lease liabilities (ii) Trade payables Due to micro and small enterprises Due to creditors other than micro and small enterprises (iii) Other financial liabilities (b) Other current liabilities (c) Provisions (d) Income tax liabilities (net) Total current liabilities TOTAL EQUITY AND LIABILITIES As at September 30, 2026 (Unaudited) 20,734 21,578 10,491 12,919 1,419 65 4,521 3,449 7,804 3,636 11,185 97,80 1 29 124,499 74,109 22,341 20,840 6,548 4,340 354 33,806 286,866 384,667 296 258,444 258,740 685 259,425 19,500 11,805 858 215 32,378 4,332 348 22,649 27,517 23,229 12,988 1.801 92,864 384,667 at in million As at March 31, 2026 (Audited) 20,921 20,783 9,171 12,923 1,629 52 5,322 4,097 9,518 3,462 7,110 94,988 33 120,355 74,248 20,468 23,311 4,813 4,482 18 29,244 276,972 371,960 296 239,9S4 240,250 827 241,077 18,959 13,397 475 215 33,046 4,141 451 20,159 32,898 27,098 11,741 1,349 97,837 371,960 Lini,,, (i)o- ti) ~ ,, ! G:/J 0 12" (.) -y e4/'. U 0
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Consolidated Statement of Cash flows for the six months ended September 30, 2026 Particulars A. Cash flow from operating activities Net profit after tax Adjustments to reconcile net profit to net cash provided by operating activities: Depreciation and amortization expense Income tax expense Expense recognized in respect of equity settled stock option Income from investments Interest income Dividend income Finance costs Allowance for expected credit loss Unrealised foreign exchange gain (net) Gain from modifications in leases Net gain on sale of property, plant and equipment Operating profit before working capital changes Changes in working capital Decrease/(lncrease)in inventories Increase in trade receivables and unbilled revenue (lncrease)/Decrease in other assets Increase in trade payables and other liabilities Increase in working capital Cash generated from operations Income taxes paid (net) Net cash generated from operating activities B. Cash flow from investing activities Purchase of property, plant and equipment Sale of property, plant and equipment Purchase of investments Sale of investments Investment in joint venture Cash and Cash equivalent acquired pursuant to obtaining control in subsidiary Dividend Income Interest received Net cash used in investing activities C. Cash flow from financing activities Proceeds from issue of Share Capital Net repayment of short term borrowings Deposit under credit support agreement received/(paid) Payment towards lease liabilities (net) Interest paid on lease liabilities Interest paid Dividends paid Net cash used in financing activities D. Net decrease in cash and cash equivalents (A+B+C) E. Cash and cash equivalents at the beginning of the period F. Effect of exchange differences on translation of foreign currency cash and cash equivalents G. Cash and cash equivalents as per Statement of Assets and Liabilities (D+E.f.f) a!'in million Six months ended September 30, 2026 September 30, 202S (Unaudited) (Unaudited) 28,485 26,3S8 5,165 5,249 9,896 9.696 183 196 (4,129) (2,676) (3,696) (2,143) (77) - 1,462 1,417 193 517 (78) (1,116) (26) (60) (3) (15) 37,375 37,423 4 (3) (5,521) (8,219) (5,861) 204 686 1,231 (10,692) (6,787) 26,68 3 30,636 (9,694) (8,480) 16,989 22,156 (4,505) (4,587) 27 39 (212,846) (185,655) 212,953 180,411 - (439) 872 77 3,928 2,295 (366) (7,064) 8 13 - (23) 219 (961) (2,240) (1,891) (851) (856) (533) (533) (15,714) (13,333) (19,111' (17,584) (2,488) (2,492) 23,311 20,623 17 1,068 20,840 19,199
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Consolidated Segment Information for the quarter and six months ended September 30, 2026 ~in million Quarter ended Six months ended Year ended Particulars September 30, June 30, September 30, September 30, September 30, March 31, 2026 2026 2025 2026 2025 2026 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Segment revenue Financial Services 40,919 39,509 37,628 80,428 73,972 148,97 8 Consumer 31,250 30,868 26,626 62,118 50,373 108,66 4 Technology & Services 22,361 23,158 19,424 45,519 38,435 79,95 6 Production 23,546 22,545 20,265 46,091 39,569 85,478 Revenue from operations 118,076 116,080 103,943 234,156 202,349 423,076 Segment results Financial Services 6,395 5,937 6,710 12,332 12,790 25,168 Consumer 4,85 0 5,577 5,026 10,427 8,94 3 19,265 Technology & Services 5,118 5,145 3,952 10,263 7,56 8 16,411 Production 4,570 3,947 3.613 8,517 6.494 14,708 Segment results 20,933 20,606 19,301 41,539 35,795 75,552 Add: Other income 915 2,554 3,00 4 3,469 6,925 10,944 Less: Finance costs 699 763 693 1,462 1,417 2,763 Depreciation and amortization expense 2,552 2,613 2,820 5,165 5,249 10,541 Exceptional items (Refer note 3) - - - - 5,281 Profit before tax 18,597 19,784 18,792 38,381 36,054 67,911 Segments have been identified in accordance with the Indian Accounting Standard ('Ind AS') 108 on Operating Segments, considering the risk or return profiles of the business. As required under Ind AS 108, the Chief Operating Decision Maker evaluates the performance of and allocates resources to segments based on analysis of various performance indicators . Accordingly, information has been presented for the Group's operating segments , 11 During the quarter ended June 30, 2026, the Company reorganised and renamed its reportable segments to better align with customer industry segments As a result, the reportable segments are now classified as: (i) Financial Services, (i1) Consumer, (iii) Technology & Services, and (iv) Production The erstwhile Banking, F1nanc1al Services & Insurance (BFSI) segment has been renamed F1nanc1al Services. Erstwhile Consumer Business has been renamed as Consumer The Media & Entertainment business has been carved out from the erstwhile Technology, Media & Communications segment and Healthcare, Life Sciences & Public Services businesses are now part of Consumer . The rema1n1ng businesses within the erstwhile Technology, Media & Communications segment have been renamed Technology & Services and the erstwhile Manufacturing & Resources segment has been renamed Production Accordingly, the Company has presented its segment results based on the revised reportable segment structure Comparative segment 1nformat1on for prior periods has been restated to reflect these changes and to facilitate meaningful period-to-period comparability . Ill . Other income and finance costs relate to the Group as a whole and are not identifiable with/allocable to segments . IV. Assets and liabilities used in the Group's business are not identified to any of the reportable segment as these are used interchangeably .
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Select explanatory notes to the Statement of Consolidated Financial Results for the quarter and six months ended September 30, 2026 1 The consolidated financ ial results of LTM Limited (formerly known as LTIMindtree Limited) ('the Company') for the quarter and six months ended September 30, 2026 have been subjected to limited review by the statutory auditors . The results have been reviewed by the Audit Committee of the Board and approved by the Board of Directors at its meeting held on October 16, 2026, 2. Results for the quarter and six months ended September 30, 2026 are in compliance with the Indian Accounting Standards (Ind AS) notified by the Ministry of Corporate Affairs as prescribed under section 133 of the Companies Act, 2013. 3. Effective November 21, 2025, the Government of India consolidated 29 existing labour regulations into four Labour codes, namely, The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security , 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the 'New Labour Codes', Based on the requirements of New Labour Codes and relevant Accounting Standards, the Group has estimated the liability for employee benefits , which has resulted in an incremental expense on account of recognition of past service costs. Considering the material , one-time nature of the incremental amount , the Group has presented the same as an 'Exceptional Item' in the Statement of Consolidated Financial Results during the previous year. 4. During the quarter ended June 30, 2026, the Company, through its wholly owned subsidiary LTM UK & IRELAND Limited ('LTM UK') (formerly known as LTIMindtree UK Limited), entered into a Put Option Deed with Randstad N.V. (Netherlands), Randstad Digital Holdings Pty Ltd (Australia) and Randstad France SASU (France) (collectively , the "Randstad Entities " ) in relation to the proposed acquisition of their subsidiaries in the Netherlands, Australia and France, along with step-down subsidiaries in Belgium, Luxembourg, Portugal, Romania and Germany at an Enterprise Valuation of up to EUR 160 million on a cash-free, debtfree basis, subject to customary valuation adjustments on closure. During the quarter, Information Consultation processes with the Works Councils of required geography has been completed and accordingly LTM UK has executed the Agreement for the Sale and Purchase of all shares (hereinafter referred as 'SPA') with Randstad Entities. As at September 30, 2026, completion of the transaction remained subject to applicable regulatory approvals and fulfilment of certain conditions precedent under the SPA and, accordingly , no impact has been recognised in the Consolidated Financial Results. 5. During the quarter ended June 30, 2026, the Group has recognised a fair value gain of U ,978 million as a part of 'Other Income' in the Consolidated Financial Results, in respect of the convertible instruments held in Voicing.Al, Inc., which were measured at fair value through profit or loss. Further, the Group has converted the said convertible instruments into equity instruments during the previous quarter 6. The standalone financial results are available on the Company's website viz www .ltm.com, on the websites of BSE (www.bseindia com) and NSE (www nseindia.com). The specified items of the standalone financial results of the Company for the quarter and six months ended September 30, 2026 are given below: Quarter ended Six months ended Particulars September 30, June 30, September 30, September 30, September 30, 2026 2026 2025 2026 2025 (Unaudited) {Unaudited) (Unaudited) (Unaudited) (Unaudited) Total income 113,711 110,392 102,548 224,103 201,546 Profit before tax 18,045 16,807 18,545 34,852 36,068 Profit after tax 13,519 12,411 13.860 25.930 26,834 7. The Board of Directors at its meeting held on October 16, 2026 has declared an interim dividend of~ 25/- per equity share of par va lue~ 1/ - each 8, Earnings per share for the interim periods are not annualised. 9. Figures for the earlier period(s) have been regrouped, wherever necessary. tin million Year ended March 31, 2026 (Audited) 416,609 66,393 49.337 cmnMLJm;red t ~ l~ Mumbai , India October 16, 2026 '- Venugopal Lambu Chief Executive Officer & Managing Director
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Deloitte Haskins & Sells Chartered Accountants LLP Chartered Accountants 19th floor, Shapath-V S.G. Highway Ahmedabad-380 015 Gujarat, India Tel: +91 796 682 7300 Fax: +91 796 682 7400 INDEPENDENT AUDITOR'S REVIEW REPORT ON REVIEW OF INTERIM STANDALONE FINANCIAL RESULTS TO THE BOARD OF DIRECTORS OF LTM LIMITED (Formerly known as LTIMindtree Limited) 1. We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of LTM Limited (Formerly known as L TIMindtree Limited) ("the Company") for the quarter and six months ended September 30, 2026 ("the Statement"), being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations"). 2. This Statement, which is the responsibility of the Company's Management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Indian Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations . Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 'Review of Interim Financial Information Performed by the Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of India (ICAI). A review of interim financial information consists of making inquiries, primarily of the Company's personnel responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013 and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as stated in paragraph 3 above, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement. Place: Mumbai Date: October 16, 2026 For DELOITTE HASKINS & SELLS CHARTERED ACCOUNTANTS LLP Chartered Accountan s Gurvinder Singh Partner o. 117364W/W-100739) (Membership No. 110128) UDIN: 2_(,( (of2~1tJNIZf A-74-11? Regd. Office: 19th floor, Shapath-V, S.G Highway, Ahmedabad-380 015, Gujarat, India. Deloitte Haskins & Sells. (FRN .ll 7364W), a Partnership Firm, was converted into Deloitte Haskins & Sells Chartered Accountants LLP (LLP Identification No. AAX-2454), a limited liability partnership, with effect from 2 June 2021
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LTM LTM Limited (formerly known as LTIMindtree Limited) Registered office: L& T House, Ballard Estate, Mumbai - 400 001 CIN: L 72900M H 1996PLC104693 Statement of Standalone Financial Results for the quarter and six months ended September 30, 2026 ~ in million, except per share data Quarter ended Six months ended Year ended SI. Particulars September 30, June 30, September 30, September 30, September 30, March 31, No 2026 2026 2025 2026 2025 2026 (Unaudited) {Unaudited) {Unaudited) {Unaudited) {Unaudited) (Audited) 1 Income Revenue from operations 112,764 109,883 99,666 222,647 193,877 404,822 Other income 947 509 2,882 1,456 7,669 11,787 Total income 113,711 110,392 102,548 224,103 201,546 416,609 2 Expenses a) Employee benefits expense 63,952 62,619 58,632 126,571 116,618 238,813 b) Sub-contracting expenses 14,040 13,791 10,742 27,831 19,339 42,148 c) Finance costs 674 734 654 1,408 1,362 2,659 d) Depreciation and amortization expense 2,332 2,400 2,494 4,732 4,751 9,732 e) Other expenses 14,668 14,041 11,481 28,709 23,408 51,583 Total expenses 95,666 93,585 84,003 189,251 165,478 344,935 3 Profit before tax and exceptional items {1-2) 18,045 16,807 18,545 34,852 36,068 71,674 4 Exceptional items Impact of new Labour Codes (Refer note 4) . . . . 5,281 5 Profit before tax (3-4) 18,045 16,807 18,545 34,852 36,068 66,393 6 Tax expense a) Current tax 4,592 4,351 4,901 8,943 9,356 17,679 b) Deferred tax (66) 45 (216) (21) (122) (623) Total tax expense 4,526 4,396 4,685 8,922 9,234 17,056 7 Net profit after tax (5-6) 13,519 12,411 13,860 25,930 26,834 49,337 8 Other comprehensive income/(loss) a) Items that will not be reclassified to profit or loss (net of tax) 64 346 101 410 4 548 b) Items that will be reclassified to profit or loss (net of tax) (1,000) 5,871 {7,212) 4,871 {7,406) (20,000) Total other comprehensive income/(loss) (936) 6,217 (7,111) 5,281 (7,402) (19,452) 9 Total comprehensive income (7+8) 12,583 18,628 6,749 31.211 19,432 29,885 10 Paid up equity share capital (Face value:~ 1 per share) 296 296 296 296 296 296 11 Other equity 228,389 12 Earnings per share (Refer note 5): a) Basic (in~) 45.60 41.86 46,77 87,46 90.56 166.48 b) Diluted (in~) 45.56 41.83 46.72 87.39 90.45 166.29 oL
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Standalone Statement of Assets and Liabilities as at September 30, 2026 Particulars ASSETS Non-current assets (a) Property, plant and equipmen (bl Right-of -use assets (c:l Capital work -In-p rogress (d) Goodwill (e) Other intangible assets (f) Financial assets (il Investments (ii) Other financial assets (g) Deferred rax assets (net) (h) Income tax assets (net) (i) Other non-cu rrent assets Total non -curren t assets curren t assets (a) Inventor ies (b) Financial assets (i) Investments (ii) Trade receivables (iri) Unbilled revenue (iv) Cash and cash equivalents (v) Other bank balances (vi) Loans (vii) Other hnandal assets (cJ Income tc1x assets (net) (d) Ot'her curren t assets Tot al current assets TOTAL ASSETS EQUITY AND LIABILITIES Equity (a) Equity share capita l (bl Other equity Total equity Liabilities Non-curren t liabilities (a) Rnanc1al liabilitie s (i) Lease liabilities (Ill Other financial liabilities (b) Provisions Total non-current liab ilities Current liabilities (a) Financial liabilities (I) Lease liabilities (ii) Trade payables . Due co micr o & small enterpr ises Due to credito rs other than micro and small enterpr ises (hi) Other fjnancla l liabilities (bl .Other current liabilities (c) Provisions (d) Income tax liablllti es (net) Total current liabilities TOTAL EQUITY AND LIABILITIES As at September 30, 2026 (Unaudited) 19,525 19,740 10,474 6,286 63 8,088 3,209 7,690 3,437 11,081 89,593 29 124,499 69,906 20,498 13,740 6,438 130 4,290 354 31,632 271,516 361,109 296 244,077 244,373 17,776 11,805 215 29,796 3,956 348 22,101 26,388 20,890 11,732 1,525 86,940 361,109 ~ ~ in million As at March 31, 2026 (Audited) 19,954 18,836 8,943 6,286 143 11,440 3,859 9,369 3,253 6,950 89,033 33 120,355 71,216 19,140 16,022 4,689 129 4,411 15 26,876 262,886 351,919 296 228,389 228,685 17,037 13,397 215 30,649 3,816 451 20,079 31,713 24,591 10,885 1,,050 92,585 351,919 "'~ Li,n,i, "v ())0- 19 fo) "Tl 8=TIT:J'il 0 S20 (J ;? 0
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Standalone Statement of Cash Flows for the six months ended September 30, 2026 Particulars A. Cash flow from opera.ting activities Net pro fit after tax Adjustments to reconc1Ie net profit to net cash prov ided by operat ing activities: Depreciation and amortisation expense Income tax expense Expense recognized In respect of equity settle d stock option Income from investments Dividend income Interest income Finance costs Allowance for expected credit loss Unrealised foreign exchange gain (net) Gain on llquid ation of subsidiary Gain on buyback of shares by subsidiary Gain on modifications of leases Net gain on sale of prope rty , plant and equipment Operating profit before working capita l changes Changes in work ing capita l Decrease/(lncrease) in inventories Increase In trade receivables and unbilled revenue (lncrease)/decrease in other assets Increase In trade & other payables Increase in wo rking capital Cash generated from operations Income taxes paid (net) Net cash generated from operating activ ities B. Cash flow from investing activ ities Purchase of property, plant and equipment Sale of property, plant and equipm ent Purchase of investments Sale of investments Loan repaid by subsidiary Com pany Receipt on buyback by subsidiary (net of tax) Investmen t In subsidiaries and joint venture Dividend income Interest received Net cash generated from/(used in) investing activities C. Cash flow from financing activ ities Proceeds from issue of Share Capital Deposit under credit support agreement received/(pa id) Payment towards lease liabillt ies (net) Interest paid on lease liabilities Interest paid Dividends paid Net cash used in financing activities D. Net decrease in cash and cash equivalents (A+B+C) E. Cash and cash equivalents at the beginning of the period F. Effect of exchange drfferences on translation of foreign currency cash and cash equivalents G. Cash and cash equivalents as per Statement of Assets and Liabilities (D+E+F) ~ in million Year ended September 30, September 30, 2026 2025 (Unaudited) (Unaudited) 25,930 26,834 4,732 4,751 8,922 9,234 183 196 (2,141) (2,676) (77) (3,670) (2,116) 1,408 1,362 221 455 (75) (1,270) (5) - . (924) (26) (60) (3) (15) 35,399 35,771 4 (3) (4,155) (7,278) (5,861) 333 87 884 (9,925) (6,064) 25,474 29,707 (9,131) (8,024) 16,343 21,683 (4,395) (4,090) 24 39 (212,379) (185,650) 212,953 180,411 . 118 - 937 - (496) 77 - 3,903 2,268 183 (6,463) 8 13 219 (961) (2,047) (1,770) (800) (801) (529) (533) (15.714 ) (13,333 ) (18,863) (17,385) (2,337) (2,165) 16,022 14,451 55 1,116 13.740 13,402 0 CJ
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Select explanatory notes to the Statement of Unaudited Standalone Financial Results for the quarter and six months ended September 30, 2026 1. The standalone financial results of LTM Limited (formerly LTIMindtree Limited) ('the Company') for the quarter and six months ended September 30, 2026 have been subjected to limited review by the statutory auditors. The results have been reviewed by the Audit Committee of the Board and approved by the Board of Directors at its meeting held on October 16, 2026. 2. Results for the quarter and six months ended September 30, 2026 are in compliance with the Indian Accounting Standards (Ind AS) notified by the Ministry of Corporate Affairs as prescribed under section 133 of the Companies Act, 2013. 3 The Board of Directors at its meeting held on October 16, 2026 has declared an interim dividend of~ 25/- per equity share of par value~ 1/- each. 4. Effective November 21, 2025, the Government of India consolidated 29 existing labour regulations into four Labour codes, namely, The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, collectively referred to as the 'New Labour Codes'. Based on the requirements of New Labour Codes and relevant Accounting Standards, the Company has estimated the liability for employee benefits, which has resulted in an incremental expense on account of recognition of past service costs. Considering the material, one-time nature of the incremental amount, the Company has presented the same as an 'Exceptional Item' in the Statement of Standalone Financial Results during the previous year, 5. Earnings per share for the interim periods are not annualised. 6. In accordance with Ind AS 108 'Operating Segment', the Company has disclosed Segment information on consolidated basis for the quarter and six months ended September 30, 2026 which is available as part of the unaudited consolidated financial results of the Company on its website (www .ltm .com), on the websites of BSE (www .bseindia.com) and NSE (www.nseindia .com). 7. Figures for the earlier period(s) have been regrouped, wherever necessary. Mumbai, India October 16, 2026 For LTM Limit - ---.1l"rni.'.uiPgnopn:,al La mbu Chief Executive om er & Managing Director
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©LTM | Q2 FY27 Investor Release 1 Second Quarter, Fiscal 2027 Investor Release October 16, 2026
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©LTM | Q2 FY27 Investor Release 2 Company Overview 4 - 7 Q2 FY27 Performance 8 - 17 Business Highlights 18 - 23 Annexures 24 - 29 Table of Contents
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©LTM | Q2 FY27 Investor Release 3 Certain statements in this release concerning future prospects are forward - looking statements. These statements, by their nature, involve risks and uncertainties that could cause the actual results to differ materially from such forward - looking statements. LTM assumes no obligation to revise or update any forward - looking statements that may be made from time to time by or on behalf of LTM. Safe Harbor
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©LTM | Q2 FY27 Investor Release 4 Company Overview
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©LTM | Q2 FY27 Investor Release 5 LTM: At a Glance 700+ World’s largest enterprises are our active clients As of 31 st March 2026 21.0% $4.89 Bn Revenue TTM 15.6% EBIT Margin TTM 12.3%* PAT Margin TTM $6.32 Bn Order Inflow TTM $1.60 Bn Cash and Investments As of 30 th Sept, 2026 Return on Equity As of 30 th Sept, 2026 28.5% As of 30 th Sept, 2026 Return on Capital Employed TTM: Trailing twelve months *Excluding exceptional item
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©LTM | Q2 FY27 Investor Release 6 126 Offices Countries Employees Nationalities 40+ 88,835 100+ Europe 24 offices Middle East & Africa 8 offices India APAC Central America North America 62 offices 13 offices 4 offices 15 offices We work globally with a mix of onshore, nearshore and offshore presence. Global Scale for Global Impact
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©LTM | Q2 FY27 Investor Release 7 Our Values What guides us Be driven by purpose We lead with a clear mission to make business creativity work in the real world. Act with compassion We build intimacy, warmth, and empathy with stakeholders. Be future - ready We enable businesses and communities to flourish by embracing change and reinvention. Deliver impact We create tangible results and unlock new possibilities for clients and society.
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©LTM | Q2 FY27 Investor Release 8 Q2 FY27 Performance
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©LTM | Q2 FY27 Investor Release 9 $1.26 Bn Order Inflow $1,235.2 Mn USD Revenue + 1.0 % QoQ USD Growth + 1.1 % QoQ CC Growth +4.7% YoY USD Growth + 5.1 % YoY CC Growth 15.6% EBIT Margin +10 bps QoQ Growth - 3 0 bps Y oY Growth Revenue, Margin & Bookings Client & People • EBIT at $192 Mn | +1.4% QoQ | +2.8% YoY • Net Profit at $144 Mn | - 6.7% QoQ | - 7.9% YoY • Revenue at ₹ 1,18,076 Mn | +1.7% QoQ | +13.6% YoY • EBIT at ₹ 18,381 Mn | +2.2% QoQ | +11.5% YoY • Net Profit at ₹ 13,799 Mn | - 6.0% QoQ | - 0.1% YoY • Active Clients: 729 • New clients added: 20 • $5Mn+ increased by 14 on a YoY basis, total 172 • $10Mn+ increased by 16 on a YoY basis, total 109 • $20Mn+ increased by 6 on a YoY basis, total 51 • $50Mn+ increased by 1 on a YoY basis, total 15 • $100Mn+ increased by 1 on a YoY basis, total 3 • Employees, total at 88,835 • TTM attrition at 13.3% • Utilization (excluding trainees) at 86.4% Q2 FY27 Performance Highlights Announcements • The Board of Directors has approved an interim dividend of ₹ 25 per equity share of par value ₹ 1 each.
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©LTM | Q2 FY27 Investor Release 10 Message from the CEO & MD “ Our broad - based performance reflects the successful execution of our AI - centric strategy . The r evenue across Enterprise AI and Business AI together grew 47 % YoY . This is a testament to our tech - domain convergence approach to AI adoption, which also led to the addition of a Financial Services client to our USD 100 million - plus category . We are well positioned for stronger growth ahead . ” — Venu Lambu, CEO and MD LTM Q2 INR Revenue Up 13.6% YoY to Rs 11,808 Crores; EBIT Up 11.5% YoY Delivers Broad - based Growth Across Industry Segments and Geographies
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©LTM | Q2 FY27 Investor Release 11 1,180.1 1,208.0 1,222.4 1,223.5 1,235.2 1,150.0 1,160.0 1,170.0 1,180.0 1,190.0 1,200.0 1,210.0 1,220.0 1,230.0 1,240.0 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Revenue (USD Mn) Revenue (INR Mn) 1,03,943 1,07,810 1,12,917 1,16,080 1,18,076 95,000 1,00,000 1,05,000 1,10,000 1,15,000 1,20,000 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 QoQ % YoY % 2.3% 2.4% 1.2% 0.1% 1.0% 4.8% 6.1% 8.1% 6.1% 4.7% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 5.6% 3.7% 4.7% 2.8% 1.7% 10.2% 11.6% 15.6% 18.0% 13.6% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 Revenue Growth
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©LTM | Q2 FY27 Investor Release 12 Margin & Profitability 16,481 17,371 17,094 17,993 18,381 - 15,000 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 13,812 14,013 * 13,407 * 14,686 13,799 0 5,000 10,000 15,000 20,000 Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 EBIT (INR Mn) PAT (INR Mn) 15.9% 16.1% 15.1% 15.5% 15.6% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 13.3% 13.0% * 11.9% * 12.7% 11.7% Q2FY26 Q3FY26 Q4FY26 Q1FY27 Q2FY27 EBIT Margin PAT Margin *Excluding exceptional item
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©LTM | Q2 FY27 Investor Release 13 Industry Segments Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 QoQ USD YoY USD QoQ CC YoY CC Financial Services 36.2% 35.2% 33.0% 34.0% 34.7% 3.0% 0.2% 3.1% 0.4% Consumer 25.7% 25.8% 26.9% 26.6% 26.4% 0.2% 7.7% 0.3% 8.6% Technology & Services 18.6% 18.2% 19.4% 20.0% 19.0% (4.1%) 6.7% (4.0%) 7.0% Production 19.5% 20.8% 20.7% 19.4% 19.9% 3.5% 7.0% 3.7% 7.4% Revenue Mix Geography Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 QoQ USD YoY USD QoQ CC YoY CC North America 74.2% 72.8% 72.3% 73.9% 74.3% 1.4% 4.7% 1.5% 4.8% Europe 14.7% 14.8% 15.4% 15.0% 14.9% 0.5% 6.4% 1.0% 7.2% Rest of the World 11.1% 12.4% 12.3% 11.1% 10.8% (1.6%) 2.0% (1.4%) 4.4%
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©LTM | Q2 FY27 Investor Release 14 Active & New Clients Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Active Clients 749 746 751 740 729 New Clients added 23 26 13 16 20 Clients Contribution Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 1 Million Dollar + 402 399 411 407 398 5 Million Dollar + 158 162 164 170 172 10 Million Dollar + 93 97 101 104 109 20 Million Dollar + 45 47 48 52 51 50 Million Dollar + 14 12 14 15 15 100 Million Dollar + 2 2 2 2 3 Revenue Contribution ( % ) Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Top 5 Clients 25.3% 24.0% 22.5% 23.5% 22.9% Top 10 Clients 32.8% 31.7% 30.7% 32.0% 31.4% Top 20 Clients 43.5% 43.3% 41.6% 42.8% 42.3% Top 40 Clients 56.1% 56.8% 55.3% 56.1% 55.6% Client Metrics
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©LTM | Q2 FY27 Investor Release 15 Particulars Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 QoQ YoY Total Employees 86,447 87,958 87,950 87,886 88,835 949 2,388 Software Professionals 81,355 82,911 83,004 83,185 84,132 947 2,777 Sales & Support 5,092 5,047 4,946 4,701 4,703 2 (389) Women Employees % 30.8% 30.9% 30.9% 31.1% 31.3% 20 bps 50 bps TTM Attrition % 14.2% 13.8% 13.3% 13.3% 13.3% 0 bps (90 bps) Effort & Utilization Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 QoQ YoY Onsite Effort Mix 14.8% 14.5% 14.2% 14.2% 14.1% (10 bps) (70 bps) Offshore Effort Mix 85.2% 85.5% 85.8% 85.8% 85.9% 10 bps 70 bps Utilization (excl . trainees) % 88.1% 86.9% 85.7% 86.4% 86.4% 0 bps (170 bps) Employee Metrics
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©LTM | Q2 FY27 Investor Release 16 FCF and Cash & Investments (INR Mn) Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Free Cash Flow (FCF) 9,993 10,826 10,463 9,218 3,294 Cash and Investments 1,39,995 1,45,583 1,54,449 1,50,213 1,52,996 Days Sales Outstanding (DSO) Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Billed 58 62 59 56 57 Billed and Unbilled 82 85 84 85 84 Particulars Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Order Inflow (USD Bn) 1.59 1.69 1.69 1.68 1.26 DSO is based on TTM Other Metrics Capital Efficiency Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Return on Capital Employed Equity (%) 27.5% 29.0% 29.2% 29.8% 28.5% Return on Equity (%) 21.8% 21.0% 21.3% 22.0% 21.0%
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©LTM | Q2 FY27 Investor Release 17 Revenue by Currency Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 USD 78.4% 77.2% 76.9% 78.6% 79.3% EUR 7.5% 7.6% 7.9% 7.7% 7.6% INR 3.9% 5.1% 4.6% 3.4% 3.9% GBP 2.6% 2.7% 2.8% 2.5% 2.5% Others 7.6% 7.4% 7.8% 7.8% 6.7% Hedges outstanding Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Value in USD Mn 4,355 4,372 4,282 5,031 4,825 Average USD/INR Rate 90.71 91.29 92.71 95.17 96.17 Exchange Rate (USD : INR) Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Period closing rate 88.79 89.88 94.84 94.66 95.83 Period average rate 88.08 89.25 92.37 94.87 95.59 Currency Metrics
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©LTM | Q2 FY27 Investor Release 18 Business Highlights
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©LTM | Q2 FY27 Investor Release 19 Key Deal Wins Selected LTM to consolidate and build an AI - led operating model — designed to deliver resilient, outcome - driven infrastructure managed services. A leading North American specialty construction company Selected LTM as a strategic partner to consolidate its global IT services and embed AI across its managed services portfolio. A U.S. - based insurance company Expanded its relationship with LTM as a strategic AI - led engineering partner to improve operational efficiency, accelerate delivery, and strengthen quality assurance. A large U.S. property and casualty insurer Selected LTM to deliver e nd - to - end m anaged n etwork and s ecurity s ervices . A leading European industrial services provider Selected LTM as their strategic technology partner for consolidating and delivering technology services across wealth & perso nal banking . A leading global banking and financial services institution
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©LTM | Q2 FY27 Investor Release 20 Partnerships
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©LTM | Q2 FY27 Investor Release 21 + Partnership established and Claude CoE launched; keynote sessions by Anthropic at delivery offsite, AI boot camp, Data & AI offsite; 1000+ associates certified. + LTM launches its first Salesforce + Agentic AI (triparty) solution on AWS Marketplace, expanding its AI - led services portfolio and marketplace growth opportunities. + LTM was elevated to Google Cloud Global Systems Integrator (GSI) status + Strengthened quantum - safe transformation with IBM - powered Discovery & Assessment solution + LTM expanded its collaboration with IBM and Red Hat through Lightwell to advance AI-driven open-source software remediation and improve enterprise security outcomes Partnership Highlights + LTM Achieves Cisco Preferred Partner Status in Security & Networking(India), Strengthening AI and Digital Transformation capabilitiy .
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©LTM | Q2 FY27 Investor Release 22 Awards LTM wins two Gold Stevie® Awards at the 23 rd Annual International Business Awards ® + Venu Lambu, CEO & MD — AI Leader of the Year + BlueVerse — Best AI - Powered Service LTM was recognized at the ETHRWorld Employee Experience Awards 2026 in July 2026, winning two Gold and four silver Awards: + Exceptional Employee Experience through AI & People Analytics - Gold + Exceptional Employee Experience in Employee Growth & Development - Gold Analyst Recognitions LTM r ecognized as a Leader in ISG Provider Lens® — Enterprise Service Management Services 2026. LTM r ecognized as a Global Leader in ISG Provider Lens® — Snowflake Ecosystem Partners 2026. LTM has been recognized as a Leader in three quadrants in the ISG Provider Lens Microsoft AI and Cloud Ecosystem 2026 Report in the U.S. region. LTM recognized as an Enterprise Innovator in HFS Horizons’ Customer Experience Services 2026 LTM h onoured with Avasant Digital Masters Award 2026 Awards & Recognitions LTM recognized as a Major Contender in Everest Group’s Global Capability Center (GCC) Set Up Capabilities in India PEAK Matrix® Assessment 2026. LTM recognized as a Major Contender in Everest Group’s Microsoft Azure Services PEAK Matrix® Assessment 2026. LTM recognized as a Major Contender in Everest Group’s Life and Annuity (L&A) Insurance IT Services PEAK Matrix® Assessment 2026. LTM recognized as a Major Contender in Everest Group’s Retail Digital Services PEAK Matrix® Assessment 2026. LTM recognized as a Major Contender in Everest Group’s Cybersecurity Services PEAK Matrix® Assessment 2026. LTM named among Ad Age's Top 25 Global Agencies for our Interactive Practice
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©LTM | Q2 FY27 Investor Release 23 E Environmental, Health & Safety ~70% Lower energy use vs. standard electric water heating* ▪ Heat - pump efficiency at Solaris : Replaced the electric geyser with heat - pump water heating, offering comparable cost - saving potential and benchmark application S Social (CSR) 10,000 Students engaged 8 Villages 100 Self Help Group women reached ▪ Tech4Future: 4 labs for visually impaired students. Participation in national and international exhibitions enhanced student exposure, with 6 visually impaired students reaching the Curious Minds Challenge 2026 finals. ▪ Skilling: 69 teachers trained under the Teacher First AI Initiative; Self Help Group women completed digital and financial literacy training. G Governance 77/100 SES ESG rating – Leadership 76/100 NSE ESG score – Leadership ▪ SES ESG rating: Upper quadrant of top Indian companies by market cap ▪ NSE Sustainability Ratings: Among the best scores in India IT sector *ENERGY STAR benchmark for heat - pump water heaters; not a site - metered Solaris result. ESG Highlights Climate Risk Assessment (CRA) ▪ Climate Risk Assessment identifies climate - related risks and opportunities, strengthening LTM’s business resilience and supporting long - term value creation. Link
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©LTM | Q2 FY27 Investor Release 24 Q2 FY27 Annexures
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©LTM | Q2 FY27 Investor Release 25 In USD Mn Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Revenue 1,180.1 1,208.0 1,222.4 1,223.5 1,235.2 QoQ Growth % 2.3% 2.4% 1.2% 0.1% 1.0% YoY Growth % 4.8% 6.1% 8.1% 6.1% 4.7% Constant currency QoQ Growth % 2.4% 2.4% 1.2% 0.3% 1.1% Constant currency YoY Growth % 4.4% 5.2% 7.0% 6.4% 5.1% In INR Mn Q2 FY26 Q3 FY26 Q4 FY26 Q1 FY27 Q2 FY27 Revenue 1,03,943 1,07,810 1,12,917 1,16,080 1,18,076 QoQ Growth % 5.6% 3.7% 4.7% 2.8% 1.7% YoY Growth % 10.2% 11.6% 15.6% 18.0% 13.6% Revenue Summary
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©LTM | Q2 FY27 Investor Release 26 Particulars Q2 FY26 Q1 FY27 Q2 FY27 Growth (%) QoQ YoY Revenue 1,03,943 1,16,080 1,18,076 1.7% 13.6% Direct Cost 72,439 83,620 85,017 1.7% 17.4% Gross Profit 31,504 32,460 33,059 1.8% 4.9% SG&A Expenses 12,203 11,854 12,126 2.3% (0.6%) EBITDA 19,301 20,606 20,933 1.6% 8.5% Depreciation and Amortization 2,820 2,613 2,552 EBIT 16,481 17,993 18,381 2.2% 11.5% Forex Gains/ (loss) 652 (2,664) (2,067) Other Income 2,352 5,218 2,982 Finance Cost 693 763 699 Provision for Tax 4,980 5,098 4,798 Effective Tax Rate% * 26.5% 25.8% 25.8% PAT 13,812 14,686 13,799 (6.0%) (0.1%) EPS – Basic ₹ 47.3 49.5 47.2 EPS - Diluted ₹ 47.2 49.4 47.1 Margin % Gross 30.3% 28.0% 28.0% EBITDA 18.6% 17.8% 17.7% EBIT 15.9% 15.5% 15.6% PAT 13.3% 12.7% 11.7% *Effective Tax Rate = Tax/PBT Income Statement Amount in INR Millions
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©LTM | Q2 FY27 Investor Release 27 Cash Flow Statement (1/2) Particulars Q2 FY26 Q1 FY27 Q2 FY27 Cash Flow from Operating Activities Net profit after tax 13,812 14,686 13,799 Adjustments for: Depreciation and Amortisation 2,820 2,613 2,552 Income tax expense 4,980 5,098 4,798 Others (1,688) (4,071) (2,100) Operating profit before working capital changes 19,924 18,326 19,049 Changes in working capital (net) (2,444) (3,602) (7,090) Cash generated from operations 17,480 14,724 11,959 Income taxes (5,653) (3,157) (6,537) Net Cash from Operating Activities 11,827 11,567 5,422 Cash Flow from Investing Activities (Purchase)/ Sale of assets (1,833) (2,349) (2,129) (Purchase)/ sale of investments (10,174) 4,784 (4,677) Cash and Cash equivalent acquired pursuant to change in control of subsidiary 872 - - Dividend Income - 30 47 Interest received 1,408 1,714 2,214 Net Cash from Investing Activities (9,727) 4,179 (4,545) Amount in INR Millions
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©LTM | Q2 FY27 Investor Release 28 Particulars Q2 FY26 Q1 FY27 Q2 FY27 Cash Flow from Financing Activities Shares issued on exercise of employee stock options 10 3 5 Proceeds from/(repayment) of borrowings (13) - - Movement in CSA Deposit received/(paid) (465) 823 (604) Interest paid (219) (284) (248) Interest paid on lease liabilities (444) (425) (426) Dividend paid - (15,714) - Payment towards Lease liability (981) (1,132) (1,109) Net Cash from Financing Activities (2,112) (16,729) (2,382) Effect of exchange differences on translation of foreign currency cash & cash equivalents 416 (142) 159 Net increase/(decrease) in Cash and Cash Equivalents 404 (1,125) (1,346) Cash and Cash Equivalents at Period Beginning 18,795 23,311 22,186 Cash and Cash Equivalents as per Balance Sheet 19,199 22,186 20,840 Cash Flow Statement (2/2) Amount in INR Millions
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©LTM | Q2 FY27 Investor Release 29 Balance Sheet Particular As at March 31, 2026 As at Sept 30, 2026 ASSETS Non - Current Assets Property, Plant and Equipment 20,921 20,734 Right of Use Assets 20,783 21,578 Capital work - in - progress 9,171 10,491 Goodwill 12,923 12,919 Other Intangible assets 1,629 1,419 Intangible assets under development 52 65 Financial Assets Investments 5,322 4,521 Other Financial Assets 4,097 3,449 Deferred tax assets 9,518 7,804 Tax Assets 3,462 3,636 Other non - current assets 7,110 11,185 Total Non - Current Assets 94,988 97,801 Current Assets Inventories 33 29 Financial Assets Investments 1,20,355 1,24,499 Trade receivable 74,248 74,109 Unbilled Revenue 20,468 22,341 Cash and Cash Equivalent 23,311 20,840 Other Bank Balances 4,813 6,548 Other Financial Assets 4,482 4,340 Income Tax Assets (net) 18 354 Other current assets 29,244 33,806 Total Current Assets 2,76,972 2,86,866 TOTAL ASSETS 3,71,960 3,84,667 Particular As at March 31, 2026 As at Sept 30, 2026 EQUITY AND LIABILITIES Equity Equity Share capital 296 296 Other Equity 2,39,954 2,58,444 Non - controlling interests 827 685 Total Equity 2,41,077 2,59,425 Liabilities Non - Current Liabilities Financial Liabilities Financial Liabilities – Others 13,397 11,805 Financial Liabilities - Lease liabilities 18,959 19,500 Deferred tax liabilities 475 858 Provisions 215 215 Total Non - Current Liabilities 33,046 32,378 Current Liabilities Financial Liabilities Financial Liabilities - Lease liabilities 4,141 4,332 Trade Payables 20,610 22,997 Due to micro & small enterprises 451 348 Due to others 20,159 22,649 Other Financial Liabilities 32,898 27,517 Other Liabilities 27,098 23,229 Provisions 11,741 12,988 Current Tax Liabilities (Net) 1,349 1,801 Total Current Liabilities 97,837 92,864 TOTAL EQUITY AND LIABILITIES 3,71,960 3,84,667 Amount in INR Millions
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©LTM | Q2 FY27 Investor Release 30 Earnings Conference Call Date Time Format Registration Link Friday, October 16, 2026 18 :00 hours IST Brief management discussion followed by Q&A Click here to register
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©LTM | Q2 FY27 Investor Release 31 About LTM LTM is an AI - centric global technology services company and the Business Creativity partner to the world’s largest and most disruptive enterprises. We bring human insights and intelligent systems together to help clients create greater value at the intersection of technology and domain expertise. Our capabilities span integrated operations, transformation, and business AI — enabling new ways of working, new productivity paradigms, and new roads to value. Together with over 88,000 employees across 40 countries and our global network of partners, LTM — a Larsen & Toubro company — owns business outcomes for our clients, helping them not just outperform the market, but to Outcreate it. Read more at LTM.com . Media Relations Shambhavi Revandkar shambhavi.revandkar@ltm.com Investor Relations Vikas Jadhav vikas.jadhav2@ltm.com Registered Office: L&T House, Ballard Estate, Mumbai – 400001 India CIN – L72900MH1996PLC104693
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32 It’s time to Outcreate
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LTM Limited (Formerly LTIMindtree Limited) L&T Technology Center, Tower 1, Gate No. 5, Saki Vihar Road, Powai, Mumbai - 400072, Maharashtra, India. T: +91 92402 97500 Registered Office: L&T House, Ballard Estate, Mumbai - 400 001, India. W: ltm.com • E: info@ltm.com • CIN: L72900MH1996PLC104693 Annexure B Particulars Details DIN 10086651 Name of Director Anupam Kumar Reason for change Appointment of Mr. Anupam Kumar (DIN: 10086651) as Additional Director designated as Non-Executive Non-Independent Director, liable to retire by rotation, with effect from October 16, 2026, subject to approval of Shareholders. Date of appointment October 16, 2026 Brief profile Refer below enclosure Disclosure of relationship between Directors None
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LTM Limited (Formerly LTIMindtree Limited) L&T Technology Center, Tower 1, Gate No. 5, Saki Vihar Road, Powai, Mumbai - 400072, Maharashtra, India. T: +91 92402 97500 Registered Office: L&T House, Ballard Estate, Mumbai - 400 001, India. W: ltm.com • E: info@ltm.com • CIN: L72900MH1996PLC104693 Brief profile of Mr. Anupam Kumar Anupam Kumar is the Chief Executive Officer and Managing Director of L&T Realty, where he leads the company’s long-term strategy, capital deployment, and portfolio expansion across premium and luxury residential developments, Grade-A commercial offices, and large mixed-use and transit-oriented projects He is spearheading L&T Realty’s transformation into a future-ready, institutionally governed real estate platform aligned with global development benchmarks and ESG principles. With a strong customer-first lens, Anupam champions thoughtful product curation, integrating design excellence, functionality, and sustainability to address evolving lifestyle and workplace needs. Under his leadership, L&T Realty has accelerated project execution, strengthened governance frameworks, adopted technology-led construction practices, and advanced sustainable development across its portfolio. The company has also witnessed several marquee launches with notable market success, reinforcing its aspiration to build a trusted and admired real estate brand A business leader with over three decades at Larsen & Toubro, Anupam has led large, complex EPC businesses and held senior roles with full P&L responsibility. In his earlier role as Head of the Mineral & Metal Vertical, he drove accelerated growth and delivered landmark metallurgical projects across India and the Gulf, establishing L&T’s dominant regional presence. Anupam is a Mechanical Engineering graduate from Birla Institute of Technology, Mesra, and holds an IPMA Level D certification. His leadership development includes the Global Leadership Development Programme at the Ross School of Business, University of Michigan, and the Advanced Management Programme at INSEAD, France.