LTM bags strategic engagement with global BFSI with potential value of up to $100 million

LTM Ltd. on Tuesday, October 27, said it has secured a strategic engagement with a large global BFSI firm with potential value up to $100 million.

The two-year engagement is already underway with an option to extend the same for an additional year, LTM said in its exchange filing.

LTM said the engagement reflects the continued expansion of its relationship with the client and its growing role in advancing strategic technology program and supporting supplier consolidation initiatives across the organization.

Under the agreement, LTM said it will serve as a preferred partner driving the consolidation and delivery of strategic technology requirements across key wealth, personal banking and global functions.

LTM said this engagement will leverage its deep banking-domain expertise, engineering excellence, and global delivery capabilities to support the client's technology transformation priorities at scale.

Earlier this month, LTM reported its second quarter results.

Its net profit declined 4.8% to ₹1,397.9 crore compared to ₹1,468.6 crore in the previous quarter, while its revenue increased 1.7% to ₹11,807 crore from ₹11,608 crore.

The company's earnings before interest taxes increased 2.2% to ₹1,838 crore from ₹1,799.3 crore and its EBIT margin expanded sharply to 28.5% from 15.5% sequentially.

The company's board also approved dividend of ₹25 per share.

Shares of LTM are trading 1% lower on Tuesday after the announcement of the deal at ₹4,032.7. The stock is down only 1.5% in the last one month, but has declined 35% so far this year, making it one of the worst performing stocks on the Nifty IT index in 2026.

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