Analysts/Institutional Investor Meet/Con. Call Updates

LTM/SE/STAT/2026-27/98 October 22, 2026 National Stock Exchange of India Limited, BSE Limited, Exchange Plaza, Bandra-Kurla Complex, Phiroze Jeejeebhoy Towers, Bandra (E), Dalal Street, Mumbai - 400 051 Mumbai - 400 001 NSE Symbol: LTM BSE Scrip Code: 540005 Dear Sir(s)/Madam, Subject: Transcript of Earnings Conference Call held on October 16, 2026 With reference to the captioned subject, please find enclosed transcript of the Earnings Conference Call held on October 16, 2026. Kindly take the above on record. Thanking you, Yours faithfully, For LTM Limited Angna Arora Company Secretary & Compliance Officer Encl.: As above LTM Limited (Formerly LTIMindtree Limited) L&T Technology Center, Tower 1, Gate No. 5, Saki Vihar Road, Powai, Mumbai -400072, Maharashtra , India. T: +91 92402 97500 Registered O ffice: L&T House, Ballard Estate, Mumbai - 400 001, India. W: ltm.com • E: info@ltm.com • CIN: L72900MH1996PLC104693 “Transcript of Q2 FY2027 Earnings Call of LTM Limited” October 16, 2026 Management: Mr. Venu Lambu - Chief Executive Officer & Managing Director Mr. Vipul Chandra - Chief Financial Officer & Whole-Time Director Mr. Vikas Jadhav - Head, Investor Relations Page 1 of 32 LTM Limited October 16, 2026 Moderator: Ladies and gentlemen, good day and welcome to the LTM Limited Q2 FY2027 earnings call. Please note all participants are currently in listen only mode and there will be an opportunity to ask questions following the conclusion of the management's opening remarks. Please note that this call is being recorded. I now hand the call over to Mr. Vikas Jadhav, Head, Investor Relations at LTM. Over to you, Sir. Vikas Jadhav: Thanks, Inba. Good day everyone and welcome to LTM's Q2 FY27 earnings conference call. Today on the call, we have with us Mr. Venu Lambu, Chief Executive Officer and Managing Director and Mr. Vipul Chandra, Chief Financial Officer and Whole-Time Director. We will begin by providing a brief overview of the Company's Q2 FY27 performance, after which we will open the floor for Q&A. During the call, we could make forward-looking statements. These statements consider the environment as we see today and carry risks and uncertainties that could cause our actual results to differ materially from those expressed in today's call. We do not undertake to update the forward-looking statements made on this call. I now turn the call over to Mr. Venu for his opening remarks. Page 2 of 32 LTM Limited October 16, 2026 Venu Lambu: Thank you Vikas. Hello everyone and thank you for joining us. We closed Q2 FY2027 with broad-based growth across our business, reflecting disciplined execution of our strategy. This quarter, we made significant progress towards becoming an AI-centric organization. We deepened our AI capabilities, reimagined our partner ecosystem, invested in future ready talent, and accelerated AI-led revenue through the continued expansion of our BlueVerse™ ecosystem. We are excited to see that client spend is shifting towards AI deployment cycle, which includes reimagination of business process, scaling contextual implementation, ensuring sovereignty, and optimizing economics. This plays to our strength of deep domain technology expertise and the ability to deliver consistently in complex enterprise environment. We see this in the growing number and scale of our engagements across Enterprise AI, Business AI, Industrial AI, and marketing and Creative AI. Our progress is reflected in three areas: the deals we are winning, the reimagination of our capabilities and talent, and the evolution of our BlueVerse™ ecosystem. I will take you through each of these today. Let me now share the financial performance for the quarter: We reported revenues of USD 1.24 billion, delivering 1.1% growth on a sequential basis and 5.1% growth on a year-over basis in constant currency terms. EBIT margins came in at 15.6%, a 10-basis-point sequential improvement. Our order inflow stood at USD 1.3 billion. The order inflow reflects AI- centric deals that are short-tenured, have a faster revenue realization, and Page 3 of 32 LTM Limited October 16, 2026 are incremental in nature. Our overall deal pipeline, including large deals, remained healthy. AI revenue for the quarter has reached 13.4% of our overall revenue, a growth of 40% year-over-year. Including enterprise AI, cumulative AI revenue grew 47% year-over-year. Let me now turn to some of the notable deal wins this quarter: We were selected by a leading global banking and financial services institution as their strategic technology partner for consolidating and delivering technology services across wealth and personal banking. We were selected by a leading North American speciality construction company to consolidate and build an AI-led operating model - designed to deliver resilient, outcome-driven infrastructure managed services. We were selected by a U.S.based insurance company as a strategic partner to consolidate global IT services and embed AI across its managed services portfolio. We expanded our relationship with a large U.S. property and casualty insurer as a strategic AI-led engineering partner to improve operational efficiency, accelerate delivery, and strengthen quality assurance. We were selected by one of the world's leading CPG players to support their marketers and brand managers across multiple businesses in transforming the concept-to-creative process and improving speed to market. Page 4 of 32 LTM Limited October 16, 2026 We were selected by a leading global music entertainment company to implement an AI-enabled financial planning and capital approval platform to replace their manual, spreadsheet-driven processes. Let me now share updates on our industry segments. Three of the four industry segments grew by over 7% year-over-year in quarter 2. All numbers referenced next represent growth in constant currency terms. Financial services continued its strong momentum and delivered a robust 3.1% sequential growth. On a year-over-basis, it has returned to growth, reporting 0.4% expansion. Tech and services delivered a healthy year-over-year growth of 7%. Sequentially, revenue was lower by 4%, reflecting seasonal quarter-specific movements. Consumer segment grew by 0.3% sequentially and by 8.6% on a year-over- year basis. Production segment reported a sequential growth of 3.7% contributed by both Manufacturing and Energy and Utility segments. On a year-over-year basis, it grew by 7.4%. On a sequential basis, America's grew by 1.5%, Europe grew by 1%, and the Rest of the World declined by 1.4% due to the revenue impact in our Middle East business. All our client categories, from USD 5 million-plus to USD 100 million-plus expanded year-over-year. I am pleased to share that during the quarter, we Page 5 of 32 LTM Limited October 16, 2026 added a financial services client to our USD 100 million-plus client category with further growth potential in the account. At the end of Q2 FY2027, total headcount stood at 88,835, reflecting a net addition of 949 employees sequentially. Total fresher additions for the quarter were 1,743. Our AI 1,000 program to develop Forward Deployed Engineers is on track, with nearly 1,000 employees in mentor-led and persona-based journeys, and 2,000 plus certifications across Claude, Gemini, Copilot, and Azure AI. We have completed a Global Sales Enablement program during the quarter to train our sales teams on our AI capabilities, so we are best placed to help our clients lead in the agentic enterprise era. We continue to see consistent external validation of our capabilities by industry analysts and partners. This quarter, we received several recognitions. I will call out a few of them. We won a Gold Stevie® Award for BlueVerse™ as best AI-powered product or a service at the International Business Award 2026. BlueVerse™ was also recognized for excellence in AI Software and Digital Platforms at the Times of India AI Quotient Awards. We were recognized at the ISG Parago [Showing first 8,000 characters — download PDF for full document]