LTM LIMITED
Smaller deals become big revenue driver for India’s top IT firms
The number of customers generating $1-10 million in annual revenue increased at most of these companies in the first half of fiscal 2027 from a year earlier, even as that of their big clients remained largely flat or grew at a slower pace.
AI efficiencies shield Q2 IT margins from transatlantic macro headwinds
HCLTech’s margin rose 131 basis points quarter-on-quarter to 18.2%, Tech Mahindra’s increased 40 basis points to 14.8%, Wipro’s climbed 50 basis points to 16.5%, LTM’s edged up 10 basis points to 15.6%, and LTTS’ expanded 60 basis points to 16.3%.
Tech Mahindra Q2 Results: Net profit jumps 33% YoY to Rs 1,586 crore; co declares Rs 15/share dividend, 1:1 bonus issue
Tech Mahindra Q2 Results: Along with the earnings, Tech Mahindra's board declared an interim dividend of Rs 15 per equity share of face value Rs 5 each, equivalent to 300%, for the financial year 2026-27. It also approved a 1:1 bonus issue, under which shareholders will receive one bonus equity share for every existing equity share held, subject to the applicable terms and conditions.
IT firms cut H-1B reliance; Anthropic flags AI risks in IPO filing
Top Indian IT firms have sharply cut H-1B visa filings as rules tighten. This and more in today’s ETtech Top 5.
Anupam Rasayan completes Bliss GVS deal, targets Rs 4,000-crore integrated platform
Anupam Rasayan India Limited has finalised its acquisition of a controlling interest in Bliss GVS Pharma, marking a strategic expansion into finished dosage formulations. This acquisition strengthens Anupam Rasayan's pharmaceutical portfolio, bolstered by Bliss GVS Pharma's extensive array of over 150 brands across several therapeutic segments, while also offering valuable growth avenues through their current manufacturing infrastructure.
Top IT's subcontractor costs creep up as volatile pipelines force flexible staffing
Subcontractor costs as a share of revenue increased sequentially at most firms in the June quarter, Kotak Institutional Equities said in a note. The ratio rose to 9.6% at LTM from 8.3% in March, to 15.5% from 15.3% at Persistent Systems, to 11.7% from 11.5% at Wipro and to 8.7% from 8.5% at Infosys.
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F&O Talk: Traders should maintain caution amid CAS volatility, says Sudeep Shah; picks 6 stocks for next week
The Indian stock market ended higher on Friday, but heightened volatility and sharp index divergences amid the Closing Auction Session (CAS) have kept traders cautious. Technical analyst Sudeep Shah expects Nifty and Sensex to remain range-bound, while highlighting key support and resistance levels and identifying six stocks that could outperform in the coming week.
Lone warriors! How two mid-tier tech stocks rewarded investors in Rs 10 lakh crore IT crash this year
Indian IT stocks have seen significant value erosion this year. However, Coforge and LTM have shown resilience and growth. These companies are performing well due to strong deal wins and AI integration. Analysts see mid-tier firms as more attractive than large caps now. Their performance offers investors a rare stable option in the sector.
IT midcaps lead outcome-based pricing pivot as AI adoption grows
Mid-sized IT players monetise automated workflows while tier-1 giants battle inertia
Two Trades for Today: A leading airline for a 4.35% rise, a mid-cap IT services stock for an almost 7% upmove
Our technical analysts identify select stocks every trading day that may gain momentum even in volatile markets. Here are the technical calls for today.
Clients seek up to 40% discount on IT contracts
This trend is likely to persist for the next two-three years, according to industry watchers. It was also reflected in the flattish sequential growth in total contract value (TCV) of TCS, Wipro, Tech Mahindra and LTM in the first quarter of this financial year, despite the first winning large contracts.
Buoyed by Q1 show, Indian IT shrugs off IBM shock
Indian technology stocks demonstrated resilience on Wednesday, defying IBM's significant overnight decline. Depressed valuations and positive first-quarter results provided support for local outsourcing firms. The Nifty IT index saw a minor dip, while the broader Nifty 50 index edged higher. Analysts noted that IBM's issues were not directly correlated with Indian IT services. Investor concerns have eased due to better-than-expected sector performance and constructive management commentary.
IT nightmare on loop, Accenture's 20% fall highlights AI disruption
Indian tech stocks experienced a sharp decline Friday, mirroring a significant drop in global IT giant Accenture due to weaker-than-expected revenue and order forecasts. The Nifty IT index plunged over 6%, with major players like Infosys and TCS seeing substantial losses. Analysts suggest valuations are now attractive but future growth remains uncertain amid AI advancements, advising caution for investors.
IT stocks snap three-day rally, plunge over 5% in sharpest fall in nearly four months
Indian IT stocks experienced their steepest single-day fall in nearly four months, plunging over 5% as concerns about AI's impact on revenue streams resurfaced. The Nifty IT index slumped, dragging the broader market lower, with analysts citing immense pressure and uncertainty driving liquidation. While the sector's recovery is questioned, significant further downside is not anticipated.
IT firms spend big on acquisitions as AI hits growth
Indian IT companies are buying smaller companies to boost growth. Acquisitions are happening due to AI's impact on pricing and organic growth. Companies are spending billions to gain clients and market share. These deals help IT providers enter new markets and offer expanded services. This strategy aims to counter revenue pressures and vendor consolidation.
Wipro to acquire additional 20% stake in insurtech firm Aggne Global for $28.5 million
IT major Wipro will acquire an additional 20% stake in insurtech firm Aggne Global Inc. The deal is valued at $28.5 million. This acquisition will increase Wipro's total shareholding in Aggne Global to 80%. The transaction is expected to be completed by June 5, 2026.
LTM CEO Venu Lambu draws Rs 27.26 crore in FY26: Annual report
LTM Limited's new CEO Venugopal Lambu received Rs 27.26 crore in remuneration for FY26. This included fixed pay, variable compensation, and stock options. Former CEO Debashis Chatterjee's payout for a shorter tenure was Rs 15.75 crore. The company also reported strong profit and revenue growth for the fiscal year.
IT takes D-St on a tumble, AI fears pop up on HCL Q4 miss
Indian IT stocks experienced a significant decline on Wednesday. This sell-off was triggered by HCL Technologies' disappointing fourth-quarter earnings and subdued future outlook. Investor concerns about Artificial Intelligence's disruptive potential in the sector resurfaced. The Nifty IT index saw a substantial drop, with several major IT companies also falling.
LTIMindtree rebrands as LTM Limited
IT services firm LTIMindtree on Wednesday said that it has rebranded itself as 'LTM Limited', marking a significant shift in its corporate identity years after the high-profile merger of L&T Infotech and Mindtree.
Castrol India shares surge 9% after BP announces 65% stake sale in parent for $6 billion
Castrol India share price surged 9% after BP announced the sale of a 65% stake in Castrol Limited to Stonepeak at an enterprise value of $10.1 billion. The transaction, expected to close by end-2026, is part of bp’s strategic divestment programme aimed at strengthening its balance sheet while retaining exposure to Castrol’s growth through a 35% stake.
Lance Pte to acquire 20% stake in AWL Agri Business from Adani Commodities
AWL Agri Business Limited is set to sell a 20% stake to its promoter Lence Pte Ltd. This transaction will make Lence Pte Ltd. a majority stakeholder with approximately 64% ownership. The deal will see Lence Pte acquire over 259 million equity shares. Adani Commodities will be completely removed from the shareholder list following this development.
Fortnite OG latest update launched after a short downtime
Ahead of the update's launch, Fortnite servers went into a downtime for scheduled maintenance. It, however, lasted for under two hours. The new update will allow players to relive reworked versions of iconic seasons from the first chapter.
Fortnite Day of Doom Limited-Time Mode: Everything we know so far
Fortnite’s Day of Doom LTM features a unique team-based gameplay. Players are divided into two teams, Doom’s Henchmen and the Avengers, each with distinct objectives.
Fortnitemares 2023: Here’s what you may want to know
Fortnitemares 2023 is set to return with new content for Fortnite fans. The event starts on October 10, 2023, alongside patch 26.30.
Should you buy, sell or hold TCS shares after IT bellwether misses Q4 estimates?
TCS reported a 16.9% year-on-year (YoY) jump in its March quarter revenue at Rs 59,162 crore while its profit rose 14.76% YoY to Rs 11,392 crore. Both the top and bottomline figures were below Street estimates.
Tech Mahindra Q3 profit slides as demand cools; key Apple supplier making components for AirPods locally
Tech Mahindra reported a drop in Q3 profit on Monday due to a moderation in demand, subdued performance of its communications division and a surge in expenses. Indian IT service providers have reported a mixed bag of earnings so far.
Bharti Airtel posts surprise Q3 profit of Rs 86 crore on one-time gain; Arpu slumps 15%
Analysts in an ET Now poll had estimated a loss Rs 905 crore.
HCL Technologies Q4 results; net income for quarter at Rs 1,783 crore
Revenue at HCL's fastest growing business infrastructure services, grew 5.2 per cent in constant currency during the quarter.
HCL Tech Q3 PAT at Rs 1683 crore, up 3.6% year-on-year
India’s fourth-largest IT services company HCL Technologies Limited's third-quarter revenue rose 11% from last year to Rs. 9267 crore.
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