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LTIM - LTIMindtree

📊 NSE: LTIM 🏢 Computers - Software - Large 📅 Last Updated: 12/14/2025 9:19

📢 Recent Corporate Announcements

LTIMindtree to Change NSE Trading Symbol from LTIM to LTM Effective February 27, 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 23 Feb 2026, 06:57 PM

LTIMindtree Limited has announced a change in its stock ticker symbol on the National Stock Exchange. Starting February 27, 2026, the company will trade under the new symbol 'LTM', replacing the current 'LTIM'. This is a routine administrative change following a circular from the NSE dated February 23, 2026. The change has no impact on the company's business operations, financial standing, or the value of shares held by investors.

Trading symbol changes from LTIM to LTM effective February 27, 2026
Change communicated via NSE Circular Ref. No: 0300/2026
No change to the company's name or underlying business fundamentals
Investors must update watchlists and automated trading systems by the effective date

💡 Update your stock watchlists and portfolio tracking applications to reflect the new symbol 'LTM' starting February 27, 2026. No action is required regarding the physical or demat holdings of the shares.

LTIMindtree Bags $100 Million Multi-Year Strategic Deal with European MedTech Company

🟢 POSITIVE ⭐ 8/10

EXPANSION 📅 23 Feb 2026, 12:54 PM

LTIMindtree has announced a significant $100 million strategic agreement with a leading European MedTech provider specializing in hearing solutions. The contract is set for a seven-year duration, ensuring a steady long-term revenue stream for the IT services firm. LTIM will provide end-to-end product development and support for wearable devices, fitting applications, and mobile control apps. The company will also leverage its iNXT platform to manage digital transformation and navigate complex regulatory frameworks for the client.

Secured a $100 million strategic agreement with a European MedTech leader.
The contract spans a multi-year period of seven years.
LTIM will support flagship hearing instrument brands and private labels.
Leverages the iNXT digital transformation platform for physical-digital convergence.
Includes management of complex MedTech compliance and regulatory frameworks.

💡 This large deal win validates LTIM's vertical expertise in healthcare and provides long-term revenue visibility. Investors should view this as a positive development for the company's growth trajectory in the European market.

LTM Partners with IICT for 5-Year Creative Technology Talent Pipeline Initiative

🟢 POSITIVE ⭐ 4/10

EXPANSION 📅 19 Feb 2026, 01:55 PM

LTM (formerly LTIMindtree) has entered a 5-year strategic partnership with the Indian Institute of Creative Technologies (IICT) to develop a specialized talent pipeline. The collaboration focuses on high-growth creative technologies including AI-driven workflows, virtual production, and immersive media. By leveraging LTM’s BlueVerse CraftStudio, the company aims to secure a steady supply of job-ready talent for its global operations. This move supports LTM's workforce of over 87,000 employees as it pivots toward AI-centric global technology services.

5-year strategic collaboration with IICT to build a next-generation creative technology talent pipeline.
Focus on tech-enabled advertising, AI-driven creative workflows, and virtual production.
Integration of LTM’s BlueVerse CraftStudio to align academic curriculum with global enterprise standards.
LTM employs over 87,000 people across 40 countries and is undergoing a name change from LTIMindtree.
Partnership includes live project exposure and internships to ensure workforce readiness.

💡 This partnership is a positive long-term strategic move to secure specialized talent in high-margin AI and creative segments. Investors should view this as a strengthening of LTM's competitive moat in the Interactive Services domain.

LTIM Partners with NFDC for AI Cinema Showcase at India AI Impact Summit 2026

🟡 NEUTRAL ⭐ 3/10

OTHER 📅 16 Feb 2026, 01:34 PM

LTIMindtree has partnered with the National Film Development Corporation (NFDC) and Waves Bazaar to host an AI Cinema Showcase at the India AI Impact Summit 2026. The event, held from February 16-20 at Bharat Mandapam, New Delhi, focuses on the intersection of cinema and emerging AI technologies through LTIM's BlueVerse CraftStudio. This initiative follows a successful AI Film Festival collaboration in November 2025 and aims to position LTIM as a leader in ethical and creative AI applications. While primarily a branding and technology showcase, it highlights the company's commitment to AI-centric global services and its workforce of over 87,000 employees.

Collaboration with Ministry of I&B entities for AI Cinema Showcase at India AI Impact Summit 2026.
Event scheduled for February 16-20, 2026, at Bharat Mandapam, New Delhi.
Showcase features AI-driven short films emphasizing narrative strength and responsible AI use.
LTIM utilizes its BlueVerse CraftStudio to demonstrate creative technology capabilities.
Company operates with over 87,000 employees across 40 countries as an AI-centric service provider.

💡 No immediate action is required as this is a brand-building and marketing initiative. Investors should view this as part of LTIM's broader strategy to establish thought leadership in the AI and creative technology space.

LTIMindtree Proposes Name Change to LTM Limited via Postal Ballot

🟡 NEUTRAL ⭐ 4/10

REGULATORY 📅 11 Feb 2026, 04:10 PM

LTIMindtree Limited has initiated a postal ballot process to seek shareholder approval for changing its corporate name to 'LTM Limited'. The proposed change includes consequential alterations to the company's Memorandum and Articles of Association. The e-voting period for this special resolution is set from February 12, 2026, to March 13, 2026. This administrative rebranding is subject to approval from the Registrar of Companies and other regulatory authorities.

Proposed change of company name from 'LTIMindtree Limited' to 'LTM Limited'
E-voting period scheduled from February 12, 2026, to March 13, 2026 (5:00 PM IST)
Cut-off date for shareholder eligibility to vote is February 6, 2026
Requires approval via Special Resolution and subsequent fresh Certificate of Incorporation from the ROC
MUFG Intime India Private Limited is acting as the Registrar and Share Transfer Agent

💡 Investors should note the administrative name change which aims to simplify the brand identity; no immediate impact on business fundamentals is expected. Shareholders may participate in the e-voting process through the NSDL platform before the March 13 deadline.

LTIMindtree Board Approves Name Change to LTM Limited and New Brand Identity

🟡 NEUTRAL ⭐ 6/10

REGULATORY 📅 11 Feb 2026, 03:07 PM

LTIMindtree's Board has approved a proposal to change the company's name to 'LTM Limited', subject to shareholder and regulatory approvals. This rebranding follows the successful integration of LTI and Mindtree and aims to simplify the brand identity for the next growth phase. The company is positioning itself as a 'Business Creativity' partner, focusing on AI-centric services in the 'Agentic Enterprise' era. With a workforce of over 87,000 employees across 40 countries, the move signals a strategic shift toward disruptive technology and human-intelligent systems.

Board approved changing the legal name from LTIMindtree Limited to LTM Limited on February 11, 2026.
New brand positioning 'LTM — The Business Creativity Partner' introduced to reflect AI-centric global strategy.
The company currently employs over 87,000 people and operates in 40 countries.
Name change is subject to shareholder approval via Postal Ballot and consequential alteration of Memorandum and Articles of Association.

💡 Investors should view this as a strategic rebranding exercise that does not impact business fundamentals; focus remains on execution in the AI and technology services sector.

LTIMindtree to Rebrand as LTM Limited; Board Approves New Identity and Name Change

🟡 NEUTRAL ⭐ 6/10

OTHER 📅 11 Feb 2026, 03:03 PM

LTIMindtree has announced a significant rebranding to LTM Limited, positioning itself as a Business Creativity Partner to reflect its post-merger evolution. The Board approved the name change on February 11, 2026, pending shareholder and regulatory approvals. The company, which employs over 87,000 people across 40 countries, aims to align its identity with the AI-driven Agentic Enterprise era. This transition marks the final step in unifying the LTI and Mindtree brands into a single global entity.

Board approved changing the legal name from LTIMindtree Limited to LTM Limited on February 11, 2026.
New brand positioning focuses on Business Creativity and the Outcreate call to action for the AI era.
The company maintains a global presence with over 87,000 employees across 40 countries.
Shareholder approval for the name change and MoA/AoA alterations will be sought via a Postal Ballot.
The rebranding follows several years of unified operations since the merger of LTI and Mindtree.

💡 The rebranding signals the completion of the LTI-Mindtree integration phase and a shift toward an AI-centric identity. Investors should view this as a strategic positioning move that does not immediately impact financials but aims for long-term brand clarity.

LTIMindtree Board Approves Name Change to LTM Limited and New Brand Identity

🟡 NEUTRAL ⭐ 4/10

OTHER 📅 11 Feb 2026, 02:58 PM

LTIMindtree's Board has approved a proposal to change the company's legal name to LTM Limited, marking a new phase in its post-merger identity. The rebranding introduces a new positioning as a Business Creativity Partner focused on AI-centric global technology services. The change requires shareholder approval via postal ballot and regulatory clearances. With over 87,000 employees across 40 countries, the company aims to simplify its brand while emphasizing its Outcreate strategy in the Agentic Enterprise era.

Board approved name change from LTIMindtree Limited to LTM Limited on February 11, 2026
The company currently operates with a workforce of over 87,000 employees across 40 countries
Rebranding introduces the Outcreate tagline and positioning as a Business Creativity partner
The name change is subject to shareholder approval through a Postal Ballot and regulatory nods

💡 The name change is a strategic branding exercise and does not impact the company's core financials or business structure. Investors should continue to focus on the company's execution in the AI and technology services space rather than the identity change itself.

LTIMindtree Named Leader in Everest Group Payments IT Services PEAK Matrix 2025

🟢 POSITIVE ⭐ 4/10

OTHER 📅 05 Feb 2026, 06:18 PM

LTIMindtree has been recognized as a Leader in the Everest Group Payments IT Services PEAK Matrix Assessment 2025, validating its strong market impact in the banking and financial services vertical. The company, which serves over 700 global clients, was highlighted for its expertise in large-scale payments modernization and ISO 20022 migrations. The recognition emphasizes LTIMindtree's use of its BlueVerse ecosystem and agentic AI for fraud prevention and payment operations. This positioning strengthens the firm's competitive edge in securing high-value digital transformation contracts within the global payments landscape.

Recognized as a Leader in Everest Group Payments IT Services PEAK Matrix Assessment 2025
Company leverages a global workforce of 86,000+ professionals across 40+ countries
Expertise highlighted in ISO 20022 migrations and real-time payments transformation
Utilization of BlueVerse platform for generative and agentic AI in payment operations
Strong market presence with a portfolio of over 700 global clients

💡 This recognition confirms LTIMindtree's technical leadership in the critical BFS vertical. Investors should monitor if this improved market positioning leads to increased deal flow in the payments and fintech segments.

LTIMindtree Schedules Five Institutional Investor Conferences for February 2026

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 02 Feb 2026, 03:46 PM

LTIMindtree has announced its participation in five major institutional investor conferences scheduled throughout February 2026. The company will engage with investors at events hosted by Nuvama, Axis Capital, Dolat Capital, Kotak, and IIFL in Mumbai. These meetings will include both group and one-on-one sessions, providing a platform for management to interact with the investment community. Such disclosures are mandatory under SEBI Regulation 30 and represent standard corporate transparency practices.

Participation in Nuvama India Conference 2026 from February 9 to 11, 2026.
Attendance at Axis Capital's Flagship India Conference between February 10 and 12, 2026.
One-day engagement at the Dolat Capital Corporate Conference on February 18, 2026.
Scheduled meetings at Kotak's 'Chasing Growth' and IIFL's 17th Enterprising India Conference in late February.
All events will be held in Mumbai and feature a mix of group and one-on-one meeting formats.

💡 No immediate action is required as this is a routine regulatory filing. Investors should monitor for any investor presentations or transcripts released post-event for updates on the company's growth outlook.

LTIMindtree Allots 4,076 Equity Shares Under ESOP Scheme 2021

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 31 Jan 2026, 10:52 AM

LTIMindtree Limited has approved the allotment of 4,076 equity shares of face value Re. 1 each on January 31, 2026. The allotment was made under the LTIMindtree Employees Stock Option Plan 2021 to the LTIMindtree Employee Welfare Trust. These shares are intended for transfer to eligible employees upon the exercise of their stock options. The newly allotted shares will rank pari-passu with the existing equity shares of the company in all respects.

Allotment of 4,076 equity shares of face value Re. 1 each.
Shares issued under the LTIMindtree Employees Stock Option Plan 2021.
Allotment approved by the Nomination & Remuneration Committee via resolution on January 31, 2026.
New shares will rank pari-passu with existing equity shares.

💡 This is a routine administrative matter related to employee compensation and involves negligible equity dilution. No action is required from investors.

LTIMindtree Q3 FY26: Revenue Grows 2.4% QoQ to $1.21B; Order Inflow Reaches $1.7B

🟢 POSITIVE ⭐ 8/10

EARNINGS 📅 23 Jan 2026, 01:39 PM

LTIMindtree reported a steady Q3 FY26 with USD revenue of $1.21 billion, reflecting a 2.4% sequential growth in constant currency despite seasonal furloughs. The company secured a strong order inflow of $1.7 billion, up 6.4% QoQ, highlighted by a significant $155 million deal in the insurance sector. While operational EBIT margins improved slightly to 16.1%, reported PAT was impacted by a one-time labor code charge of ₹590 crores. Management is pivoting towards an 'agentic AI' strategy and has launched the 'New Horizons' program to drive future growth and cost efficiencies.

Revenue reached USD 1.21 billion, growing 2.4% QoQ in constant currency and 6.1% YoY in USD terms.
Order inflow stood robust at USD 1.7 billion, representing a 6.4% sequential increase.
Adjusted PAT grew 29% YoY to ₹1,401 crores, though reported PAT fell to ₹959 crores due to a ₹590 crore labor code impact.
Operating EBIT margins expanded by 20 bps to 16.1%, driven by the 'Fit4Future' efficiency program.
Net headcount increased by 1,511 to 87,958, including 1,736 freshers, signaling confidence in future demand.

💡 Investors should focus on the strong deal pipeline and operational margin expansion rather than the one-time labor code hit. The stock remains a solid play on AI-led digital transformation given the management's aggressive 'New Horizons' roadmap.

LTIMindtree Releases Q3FY26 Earnings Conference Call Recording

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 20 Jan 2026, 07:38 AM

LTIMindtree Limited has officially released the audio recording of its Q3FY-26 earnings conference call, which was held on January 19, 2026. This disclosure follows the company's initial notification regarding the call schedule sent on January 6, 2026. The recording is now accessible to the public via the company's investor relations website. This is a standard regulatory filing to ensure transparency for shareholders who could not attend the live session.

Q3FY-26 earnings conference call was conducted on January 19, 2026
Recording link is now live on the company's official website for investor access
The filing complies with SEBI disclosure requirements following the January 6, 2026, announcement
Provides a platform for investors to review management's commentary and analyst Q&A

💡 Investors should listen to the recording to understand management's outlook on margins and deal pipelines for the upcoming quarters. No immediate trading action is required based on this administrative update.

LTIMindtree Q3 Revenue Grows 11.6% YoY to ₹107.8B; Profit Hit by ₹5.9B Exceptional Item

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 19 Jan 2026, 04:39 PM

LTIMindtree reported a steady 11.6% YoY growth in consolidated revenue, reaching ₹107,810 million for the quarter ended December 31, 2025. However, reported net profit declined to ₹9,596 million from ₹10,867 million in the previous year's quarter due to a significant one-time exceptional charge of ₹5,903 million related to the New Labour Code. Excluding this exceptional item, Profit Before Tax (PBT) showed resilience at ₹18,950 million, up from ₹18,792 million in the previous quarter. The BFSI and Manufacturing segments continue to lead growth, contributing significantly to the overall revenue mix.

Consolidated revenue from operations increased 11.6% YoY to ₹107,810 million.
Reported net profit fell to ₹9,596 million, impacted by a ₹5,903 million one-time provision for the New Labour Code.
Profit Before Tax (before exceptional items) stood at ₹18,950 million, reflecting stable operational margins.
BFSI segment remains the largest revenue contributor at ₹37,837 million, followed by Technology and Media at ₹23,887 million.
Basic Earnings Per Share (EPS) for the quarter stood at ₹32.75, down from ₹47.28 in the preceding quarter.

💡 Investors should focus on the underlying revenue growth and operational PBT rather than the reported net profit, which was distorted by a one-time regulatory provision. The company's core business remains healthy, making it a hold for long-term investors despite potential short-term price volatility.

LTIMindtree Q3 Revenue Grows 11.6% YoY to ₹107.8B; PAT Impacted by ₹5.9B Exceptional Item

🟡 NEUTRAL ⭐ 8/10

EARNINGS 📅 19 Jan 2026, 04:30 PM

LTIMindtree reported a steady 3.7% QoQ revenue growth reaching ₹107,810 million for the quarter ended December 31, 2025. However, net profit fell to ₹9,706 million compared to ₹14,011 million in the previous quarter due to a significant one-time exceptional charge of ₹5,903 million related to the New Labour Code. Excluding this exceptional item, Profit Before Tax remained resilient at ₹18,950 million, showing stable operational performance. The BFSI and Manufacturing segments continue to lead the revenue contribution, maintaining the company's growth trajectory despite the statutory cost hit.

Consolidated revenue from operations increased 11.6% YoY to ₹107,810 million.
Net profit attributable to shareholders stood at ₹9,706 million, down from ₹14,011 million QoQ due to a ₹5,903 million exceptional item.
Profit Before Tax (before exceptional items) grew to ₹18,950 million compared to ₹18,792 million in the previous quarter.
BFSI remains the largest business segment contributing ₹37,837 million to the total revenue.
Basic Earnings Per Share (EPS) for the quarter was ₹32.75, impacted by the one-time labour code provision.

💡 Investors should focus on the healthy 11.6% YoY revenue growth and stable operating margins rather than the one-time PAT dip caused by the statutory labour code provision. The underlying business momentum remains strong, suggesting a 'Hold' for long-term portfolios.

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💰 Financial Performance

Revenue Growth by Segment

In Q2 FY26, revenue growth was led by Healthcare, Life Sciences & Public Services at 10.2% QoQ and Consumer Business at 9.1% QoQ. Manufacturing & Resources grew 1.7% QoQ, while Banking, Financial Services & Insurance (BFSI) grew 0.2% QoQ. Technology, Media & Communications saw a marginal growth of 0.1% QoQ. On a YoY basis, Manufacturing & Resources grew 12.7% and Consumer Business grew 12.4%.

Geographic Revenue Split

North America remains the dominant region contributing 74.2% of total revenue as of Q2 FY26, growing 2.1% QoQ. Other regions were not specifically broken down by percentage in the latest quarterly update, though historical data shows North America consistently above 70%.

Profitability Margins

Operating margin (EBIT) stood at 15.9% in Q2 FY26, reflecting a significant expansion of 160 basis points from 14.3% in Q1 FY26. Net profit margin for FY23 was 13.3%, down from 15.1% in FY22. The company aims to sustain operating margins in the 17-18% range over the medium term through improved utilization and offshore delivery.

EBITDA Margin

EBIT margin expanded to 15.9% in Q2 FY26, a 13.0% increase in absolute EBIT value YoY to INR 1,648.1 Cr. This improvement was driven by operational efficiencies and integration synergies following the LTI and Mindtree merger.

Capital Expenditure

Annual cash accruals of over INR 4,000 Cr are expected to cover incremental working capital and small-ticket acquisitions. The company maintains a near debt-free balance sheet with cash and investments of INR 13,999.5 Cr as of September 30, 2025, up from INR 12,835.3 Cr in the previous quarter.

Credit Rating & Borrowing

LTIM holds a CRISIL AAA/Stable rating. Borrowing costs are minimal as the company is nearly debt-free, with bank debt of only INR 144 Cr against a net worth of INR 18,064 Cr as of late 2023. Interest coverage ratio was robust at 44.3 times in FY23.

⚙️ Operational Drivers

Raw Materials

As an IT services firm, the primary 'raw material' is human capital, with employee benefit expenses representing the largest cost component. The company employs 86,000+ professionals.

Import Sources

Talent is primarily sourced from India (offshore delivery centers in Mumbai, Pune, Bengaluru, Chennai) and onsite locations in the US, Canada, Europe, and Singapore.

Key Suppliers

Not applicable for IT services; however, key technology partners include major cloud and software providers used in digital transformation projects.

Capacity Expansion

Current capacity is defined by a workforce of 86,000+ professionals. Expansion is driven by recruitment and reskilling, such as the GenAI Foundation Training Program completed by 80,000+ employees to enable AI-centric delivery models.

Raw Material Costs

Employee costs are the primary driver; margins were impacted by a 14.2% attrition rate (TTM) and utilization levels of 88.1%. Integration costs from the merger also temporarily pressured margins by approximately 100-150 bps.

Manufacturing Efficiency

Utilization (excluding trainees) was flat at 88.1% in Q2 FY26. Higher utilization directly improves EBIT margins by spreading fixed employee costs over a larger revenue base.

Logistics & Distribution

Not applicable; services are delivered digitally or onsite at client locations.

📈 Strategic Growth

Expected Growth Rate

10-12%

Growth Strategy

Growth is targeted through 'mining' the top 749 active clients, increasing the count of $100M+ and $50M+ accounts, and leveraging the L&T brand for large-scale digital transformation deals. The company signed USD 1.59 billion in new orders in Q2 FY26, a 22% increase YoY.

Products & Services

IT services including application development, maintenance, enterprise solutions, infrastructure management, testing, analytics, and AI-centric digital transformation.

Brand Portfolio

LTIMindtree, L&T (Parent Brand).

New Products/Services

AI-centric delivery models and GenAI-integrated solutions are expected to drive future growth, with 80,000+ employees already trained in GenAI foundations.

Market Expansion

Expansion is focused on cross-selling services to the existing 700+ clients and increasing penetration in the European and Middle Eastern markets to balance geographic concentration.

Market Share & Ranking

6th largest IT services player in India following the merger of LTI and Mindtree.

Strategic Alliances

Strategic partnership with a global financial institution for end-to-end technology consulting and a large deal with a global media company for AI-centric delivery.

🌍 External Factors

Industry Trends

The industry is shifting toward AI and digital transformation. LTIM is positioning itself as a 'Full Stack digital powerhouse' to capture the 4.4% YoY growth in constant currency revenue seen in the latest quarter.

Competitive Landscape

Intense competition from both domestic giants (TCS, Infosys) and global MNCs (Accenture, IBM) expanding their offshore presence in India.

Competitive Moat

The moat is built on the L&T brand heritage, which provides better market penetration, and the scale of being the 6th largest Indian IT firm. This scale allows LTIM to bid for 'mega-deals' that smaller players cannot access.

Macro Economic Sensitivity

Revenue growth has remained slow (7% in 9M FY25) due to prolonged macro-economic challenges affecting client discretionary spend in the IT sector.

Consumer Behavior

Clients are increasingly demanding AI-integrated delivery and consolidated vendor portfolios, favoring larger players like LTIM post-merger.

Geopolitical Risks

High exposure to North America (74.2%) makes the company vulnerable to US trade policies and immigration law changes.

⚖️ Regulatory & Governance

Industry Regulations

Subject to international data privacy laws (GDPR) and US H1-B visa regulations, which dictate the cost and mobility of the workforce.

Environmental Compliance

Targeting Net Zero by 2040. In FY24, 44.34% of energy was from renewable sources, reducing carbon footprint and potential future carbon tax liabilities.