Quick Note - LTM (LTM IN) (Buy) - LTM Investor Day: Anchoring the future in AI

研报英文原文证据摘录

Quick Note - LTM (LTM IN) (Buy) - LTM Investor Day: Anchoring the future in AI

Global Markets Research

LTM LTIM.NS LTM IN 2 June 2026

EQUITY: SOFTWARE & SERVICES

RatingLTM Investor Day: Anchoring the future in AI Remains Buy

Target price INR 5,000 RemainsQuick Note

Closing price

We attended LTM’s Investor Day on 2 June. Below, we present our key takeaways: 2 June 2026 INR 4,342

LTM is focusing on its “Outcreate framework” to win in the AI world

LTM’s CEO, Venu Lambu, noted that the pace of change with AI has been

unprecedented. The speed of innovation in previous cycles was over 2-3 years and was Research Analysts

more gradual. This one has been the shortest innovation cycle. Clients are now India Technology/Services &

increasingly seeking to implement AI at scale, with an emphasis on achieving tangible Software

business outcomes. Management also noted that FY26 was a year of AI pilots, and it Abhishek Bhandari, CFA - NFASL

expects FY27E to be a year of ‘AI industrialisation’. abhishek.bhandari@nomura.com

+91 22 403 74120

LTM is focusing on its ‘Outcreate’ framework, which is built upon three strategic pillars:

Karan Nain - NFASL

• Domain x Tech Convergence: where management noted that domain and context karan.nain@nomura.com

+91 22 676 26540

are premium as intelligence is democratized.

• ReAImagined Capabilities: where the company mentioned three AI-driven lines of

business — iRun (Platformized, Integrated AI Tech Operations), iTransform

(Modernization & Deployment of AI-Ready Technology & Experiences), and Business

AI (Business Process Reimagination, Industrial & Creative AI). Managment expects

Business AI to be a key driver of growth, going forward.

• ReAImagined Ecosystem (partnerships & ventures).