Share price of LTM<\/a> soared 4.4 per cent to \u20b94,215 after the company delivered a resilient quarter despite interim challenges with margins surprise and sustained deal momentum. The management reiterated that September quarter (Q2FY27) would be stronger than Q1FY27 and FY27 to be better than FY26 on both revenue and margins front, with strategic initiatives like Fit for Future (cost optimisation), AI-led pivot (BlueVerse) and New Horizons with large deal focus are driving both efficiency and growth.\u00a0 ICICI Securities in note said that on medium- to long-term, LTM targets doubling revenue by FY31, implying 15 per cent compound annual growth rate (CAGR) over FY26\u201331.
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\n\tLTM management remains optimistic about the company’s growth prospects, driven by execution and deal pipeline. It anticipates further organic as well as inorganic growth. The recent acquisition with Randstad consists of three components, namely Tech business, outsourcing, takeover of its digital business in Europe and Australia. The execution has already started, and revenue will be seen from H2FY27.\u00a0\u00a0 Analysts at Axis Securities remain positive on the long-term outlook, and has a ‘Buy’ rating on the stock with a target price of \u20b94,560\/share.<\/p>\n
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\n\tAccording to analysts at Nomura, LTM\u2019s growth in Q1FY27 was led by Tech and Financial Services and top 5 accounts grew 4.5 per cent quarter-on-quarter in USD terms (ahead of +0.1 per cent at company level). This reflects return of growth in top accounts in each of these verticals. LTM noted that delay in procuring hardware for the Income Tax dept of the Central government due to the Middle East conflict had an impact on ramp-up of the project in Q1 but should start ramping up from Q2E, the brokerage firm said in Q1 result update with \u2018Buy\u2019 rating on the stock and target price of \u20b94,400 per share.\u00a0 ===============================================\u00a0 Disclaimer: View and outlook shared on the stock belong to the respective brokerages and are not endorsed by Business Standard. Readers discretion is advised.\u00a0<\/p>\n
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