LTIMindtree Beats Profit Estimates in Q1, Revenue Marginally Misses Street View

Image Source : India Infoline

LTIMindtree Ltd has posted a mixed set of results for the June quarter, with net profit surpassing expectations while revenue came in slightly below consensus estimates.

Key Highlights:

Consolidated net profit stood at 12.54 billion rupees, exceeding the IBES estimate of 11.86 billion rupees.
Revenue from operations reached 98.41 billion rupees, just shy of the projected 98.51 billion rupees.

Performance Snapshot:

EBIT margin expanded to 15 percent, supported by operational efficiencies and stable deal inflows.
The company reported order wins worth $1.4 billion, maintaining momentum across BFSI, manufacturing, and media verticals.
North America contributed over 75 percent of revenue, marking its highest share since the LTIMindtree merger.

Strategic Commentary:

CEO Debashis Chatterjee highlighted measured upticks in IT spending and strong GenAI engagement across top clients.
LTIMindtree added over 1,000 freshers and maintained attrition at 14.4 percent, signaling workforce stability.

Sources: Business Today, Economic Times, Business Standard, Zee Business, Yahoo Finance.