LTM (LTM) Q1 25/26 earnings summary

Executive summary

• Q1 FY26 revenue reached $1.15 billion, up 2% sequentially and 5.2% year-over-year in USD terms, with consolidated revenue at ₹98,406 million.

• EBIT margin expanded to 14.3%, up 50 bps sequentially, driven by cost initiatives and operational agility.

• Order inflow was $1.63 billion, up 17% year-over-year, marking the third consecutive quarter above $1.5 billion.

• Major deal wins included the largest-ever contract with a global agribusiness, strategic partnerships in Saudi Arabia, and supplier consolidation for a professional services leader.

• Launched BlueVerse, an agentic AI ecosystem, and GCC as a Service, expanding AI-driven offerings.

Financial highlights

• Revenue grew 2% quarter-on-quarter and 5.2% year-on-year in USD; INR revenue for Q1 FY26 was ₹98,406 million, up 11.2% QoQ and 10.5% YoY.

• EBIT margin improved to 14.3%, up from 13.8% in Q4 FY25.

• Profit after tax was ₹12,547 million, up 0.7% QoQ and 7.6% YoY; basic EPS rose to ₹42.33 from ₹38.1.

• Operating cash flow-to-PAT ratio was 82.3%, and free cash flow-to-PAT ratio was 60.7%.

• Cash and investments stood at $1.5 billion post-dividend payout; return on equity was 22.1%.

Outlook and guidance

• Management expects growth momentum to continue into Q2, with a robust deal pipeline and disciplined execution.

• No full-year guidance provided due to macroeconomic uncertainties; focus remains on quarter-to-quarter performance.

• Results reflect continued growth across key business segments.