India's LTM posts subdued quarterly earnings on banking and financials weakness

LTM

23/04/2026 12:34

BENGALURU, April 23 (Reuters) - India's LTM LTIM.NS reported muted fourth-quarter earnings on Thursday, with profit just below expectations and revenue largely on par with estimates as performance in its largest banking and financial segment stayed subdued.

The software services provider's consolidated revenue for the January-March quarter rose 15% to 112.92 billion rupees ($1.20 billion).

Data compiled by LSEG showed that analysts, on average, expected 112 billion rupees, which also factors in the 4% fall of the Indian rupee against the U.S. dollar in the January-March quarter.

Net profit came in at 13.92 billion rupees, below estimates of 14.13 billion rupees.

 (Reporting by Haripriya Suresh in Bengaluru)

 ((haripriya.suresh@thomsonreuters.com))