Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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Equity Bottom-Up

<ul>
 <li>Post-merger, <a href="https://smartkarma.com/entities/ltimindtree-ltd">LTIMindtree</a> has emerged as a scaled player in the IT services landscape, well-positioned to compete for larger deals and leverage cross-selling opportunities across a broader client base.</li>
 <li>The company is demonstrating strong momentum in high-growth areas, particularly in Artificial Intelligence, with AI-related revenue reaching a significant quarterly run rate, indicating a successful pivot to next-generation services.</li>
 <li>Despite a robust order book, the company faces near-term headwinds from a challenging macroeconomic environment, leading to cautious client spending, elongated decision-making cycles, and specific weaknesses in the BFS vertical and European market.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  Post-merger, LTIMindtree has emerged as a scaled player in the IT services landscape, well-positioned to compete for larger deals and leverage cross-selling opportunities across a broader client base.
  The company is demonstrating strong momentum in high-growth areas, particularly in Artificial Intelligence, with AI-related revenue reaching a significant quarterly run rate, indicating a successful pivot to next-generation services.
  Despite a robust order book, the company faces near-term headwinds from a challenging macroeconomic environment, leading to cautious client spending, elongated decision-making cycles, and specific weaknesses in the BFS vertical and European market.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Margin Expansion to Continue Further: In Q1FY27, EBIT margin stood at 15.5%, improving by 40 bps QoQ and 120 bps YoY, despite the impact of wage hikes.</li><li>Management attributed the margin improvement to benefits from the New Horizons cost optimisation programme (fit4future).</li><li>Forex gains largely offset the 1% impact from wage hikes, with operational efficiencies driving the overall margin expansion. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Margin Expansion to Continue Further: In Q1FY27, EBIT margin stood at 15.5%, improving by 40 bps QoQ and 120 bps YoY, despite the impact of wage hikes.Management attributed the margin improvement to benefits from the New Horizons cost optimisation programme (fit4future).Forex gains largely offset the 1% impact from wage hikes, with operational efficiencies driving the overall margin expansion. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

LTI Mindtree Ltd. - Shifting Focus from Building AI to the Deployment Phase in FY27

Global Equities, Multi-Asset PM, Dantes Outlook

Damanick Dantes, CMT

Global Equities, Multi-Asset PM

Dantes Outlook

We invest over a full market cycle, using multi-asset portfolios tailored to each global client, from individuals to family offices.

Built to Endure

Cross Asset Strategy

<ul>
<li>
India reversed its entire relative gain against EM. The near 50% relative drawdown is the deepest and longest since 2012, so we're positioning for improvement.</li>
<li>
Bottom-Decile losses in India have historically preceded strong rebounds. Although relative washouts offer no comparable evidence. We can scale up on an absoute basis.</li>
<li>
Opportunity in the middle of the index. We built a tiered watch list from the middle cohort, scaling toward equal weight as confirmation arrives.</li>
</ul>



India reversed its entire relative gain against EM. The near 50% relative drawdown is the deepest and longest since 2012, so we're positioning for improvement.

Bottom-Decile losses in India have historically preceded strong rebounds. Although relative washouts offer no comparable evidence. We can scale up on an absoute basis.

Opportunity in the middle of the index. We built a tiered watch list from the middle cohort, scaling toward equal weight as confirmation arrives.


India Equities: Stocks to Watch After Deep Underperformance

<ul><li>Expansion of EBIT Margin Ahead: In FY26, EBIT margin expanded by 90 bps YoY to 15.4%, supported by the successful execution of the Fit for Future program.</li><li>Q4 margin declined 100 bps QoQ to 15.1%, impacted by partial wage hikes effective from 1 st January and productivity commitments in key accounts, partly offset by forex benefits.</li><li>Management remains focused on ongoing cost optimisation through the New Horizons program and sees scope for further margin expansion, even without giving a formal target.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Expansion of EBIT Margin Ahead: In FY26, EBIT margin expanded by 90 bps YoY to 15.4%, supported by the successful execution of the Fit for Future program.Q4 margin declined 100 bps QoQ to 15.1%, impacted by partial wage hikes effective from 1 st January and productivity commitments in key accounts, partly offset by forex benefits.Management remains focused on ongoing cost optimisation through the New Horizons program and sees scope for further margin expansion, even without giving a formal target.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

LTI Mindtree Ltd - Superior Execution; Growth Momentum Continues

<ul><li>LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to transform business models, accelerate innovation, and maximise growth by harnessing digital technologies.</li><li>The company offers services which include cloud &amp; infrastructure, consulting, customer success, data &amp; analytics, digital engineering across BFSI, Technology, Media &amp; Communication, Manufacturing and Resources, Consumer Business, and Healthcare, Life sciences &amp; Public Services.</li><li>LTIMindtree reported robust deal wins of $1.6 Bn in Q2FY26, up from $1.3 Bn in the prior year, reflecting sustained traction in large and transformation-led programs.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to transform business models, accelerate innovation, and maximise growth by harnessing digital technologies.The company offers services which include cloud &amp; infrastructure, consulting, customer success, data &amp; analytics, digital engineering across BFSI, Technology, Media &amp; Communication, Manufacturing and Resources, Consumer Business, and Healthcare, Life sciences &amp; Public Services.LTIMindtree reported robust deal wins of $1.6 Bn in Q2FY26, up from $1.3 Bn in the prior year, reflecting sustained traction in large and transformation-led programs.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

PICK OF THE WEEK : LTIMindtree Ltd - 1 St November, 2025

India

LTM Limited is an Indian multinational information technology services and consulting company. It provides a range of IT services including cloud and infrastructure, cybersecurity, data and insights, digital engineering, and platform operations services to clients across diverse industries. The company was founded on December 23, 1996, and is headquartered in Mumbai, India.

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LTM (LTM IN)

Primer: LTIMindtree (LTIM IN) - Aug 2026

Post-merger, LTIMindtree has emerged as a scaled player in the IT services landscape, well-positioned to compete for larger deals and leverage...

αSK Primers

LTI Mindtree Ltd. - Shifting Focus from Building AI to the Deployment Phase in FY27

Margin Expansion to Continue Further: In Q1FY27, EBIT margin stood at 15.5%, improving by 40 bps QoQ and 120 bps YoY, despite the impact of wage...

Axis Direct

India Equities: Stocks to Watch After Deep Underperformance

India looks attractive after a historic washout. We prefer to position among leaders in the middle of the index, scaling up as breadth improves....

Damanick Dantes, CMT

LTI Mindtree Ltd - Superior Execution; Growth Momentum Continues

Expansion of EBIT Margin Ahead: In FY26, EBIT margin expanded by 90 bps YoY to 15.4%, supported by the successful execution of the Fit for Future...

Axis Direct

PICK OF THE WEEK : LTIMindtree Ltd - 1 St November, 2025

LTIMindtree reported robust deal wins of $1.6 Bn in Q2FY26, up from $1.3 Bn in the prior year, reflecting sustained traction in large and...

Axis Direct

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