LTI Mindtree , a global leader in technology and digital solutions, announced its financial results for the quarter ended December 31, 2024, with a focus on strong growth and employee expansion. The company reported an addition of 2,362 professionals during the quarter, taking the total headcount to 86,800 as of December 31, 2024.
LTI Mindtree’s client portfolio continues to show robust growth and diversification. As of December 31, 2024, the company reported 742 active clients, reflecting its broad market presence. Significant milestones include an increase in $5 million+ clients to 152, up by 3 year-on-year (YoY), while $10 million+ clients grew to 90, and $50 million+ clients rose to 13, each marking an increase by 1 YoY.
Key Financial Highlights:
- Revenue Growth: LTI Mindtree achieved ₹9,661 crore in revenue, reflecting a 2.4% QoQ growth and a 7.1% YoY increase. In constant currency (CC), revenue rose by 1.8% QoQ and 5.6% YoY.
- Operating Margin: The EBIT margin stood at 13.8%, aligning with expectations and reinforcing operational efficiency.
- Net Profit: The company posted a net profit of ₹1,086 crore, marking a decline of 13.2% QoQ and 7.1% YoY, attributed to increased investments in innovation.
- Employee Growth: LTI Mindtree added over 2,300 employees during the quarter, emphasizing its commitment to expanding its talent base.
Key Strategic Milestones:
- Order Inflow: Achieved a historic high order inflow of USD 1.68 billion, signaling robust client demand for its differentiated solutions.
- Focus on AI: Continued investment in artificial intelligence capabilities, partnerships, and specialized AI-driven offerings.
- Sustained Expansion: Strengthened its global footprint, contributing to consistent revenue growth across key geographies.
Management Commentary:
“We closed Q3FY25 with a revenue of USD 1.14 billion, registering sequential growth of 1.8% in constant currency. Our differentiated AI strategy has helped us achieve the highest-ever order inflow of USD 1.68 billion, laying the foundation for sustained growth,” said Debashis Chatterjee, CEO and MD, LTI Mindtree.
The company’s focus on artificial intelligence, client-centric solutions, and expanding global operations positions it for sustained success in the coming quarters.
