LTIMindtree Q2 FY2027 Earnings Call
With Venu Lambu (CEO and Managing Director) and Vipul Chandra (CFO and Whole-time Director).
LTM (Formerly known as LTIMindtree) is a global technology consulting and digital solutions company that partners with enterprises across industries to reimagine business models, accelerate innovation, and drive AI-centric growth.
More about LTIMindtree
Trusted by more than 700 clients worldwide, we use advanced technologies to enable operational excellence, elevated customer experiences, and long-term value creation. With a workforce of more than 86,000 talented and entrepreneurial professionals across over 40 countries, LTIMindtree — a Larsen & Toubro Group company — is dedicated to solving complex business challenges and delivering transformation at scale. LTIMindtree is proud to be an equal opportunity employer. We are committed to providing equal employment opportunities regardless of race, ethnicity, nationality, gender, gender identity, gender expression, language, age, sexual orientation, religion, marital status, veteran status, socio-economic status, disability, or any other characteristic protected by applicable law. Please note that neither LTIMindtree nor any of its authorized recruitment agencies/partners charge candidates any registration fees or other fees for appearing in interviews or securing employment/internships. Candidates are solely responsible for verifying the credentials of any agency or consultant claiming to work with LTIMindtree for recruitment purposes. Please note that anyone relying on representations made by fraudulent employment agencies/consultant does so at their own risk. LTIMindtree disclaims any liability for loss or damage suffered as a result of such actions. For more info, please visit www.ltimindtree.com. 1B INR.
1Prepared remarks3 speakers
Thanks, Inba. Good day, everyone, and welcome to LTM's Q2 FY 2027 earnings conference call. Today on the call we have with us Mr. Venu Lambu, Chief Executive Officer and Managing Director, and Mr. Vipul Chandra, Chief Financial Officer and Whole-time Director. We will begin by providing a brief overview of the company's Q2 FY 2027 performance, after which we will open the floor for Q&A. Please note during the call we could make forward-looking statements. These statements consider the environment as we see today…
Thank you, Vikas. Hello, everyone, and thank you for joining us. We closed Q2 FY 2027 with broad-based growth across our business, reflecting disciplined execution of our strategy. This quarter, we made significant progress towards becoming an AI-centric organization. We deepened our AI capabilities, reimagined our partner ecosystem, invested in future-ready talent, and accelerated AI-led revenue through the continued expansion of our BlueVerse ecosystem.
We are excited to see that client spend is shifting towards…
Thank you, Venu. Good evening, everyone, and thank you for joining the call. Let me now walk you through the financial highlights for the second quarter of 2027, starting with our revenue performance. Our quarter two revenue stood at $1.235 billion, reflecting a growth of 1.1% quarter-on-quarter to 5.1% year-on-year. Our funding down was 2% quarter-on-quarter and 4.7% year-on-year. Revenue in INR-
Revenue in INR stood at 11,808 crore, representing a growth of 1.7% quarter-on-quarter and 13.6% year-on-year. Our EBIT margin expanded by 10 basis points sequentially to 15.6%. The PAT margin came in at 11.7%, down from 12.7% last quarter, as we had a one-time gain on the recognition of the value of our investment in Voicing AI in Q1. The effective tax rate remained unchanged at 25.8% compared with…