Buy LTM; target of Rs 5050: Motilal Oswal

Motilal Oswal's research report on LTMLTM reported revenue of USD1.2b in 2QFY27, rising 1.1% QoQ in constant currency (CC) vs. our estimate of 0.9% QoQ CC. EBIT margin at 15.6% was largely in line with our estimate of 15.7%. Adj. PAT came in at INR14b,declining 6.0% QoQ but remaining flat YoY and b…