LTIMindtree Q3 Results: Net profit declines 13.2% to Rs 1,086.7 crore vs Rs 1,251,6 crore QoQ

LTI Mindtree, a global leader in technology consulting and digital solutions, announced robust financial results for the third quarter ended December 31, 2024.

The company delivered a strong performance, driven by its AI-driven strategies and a record-breaking order inflow of USD 1.68 billion, marking a 29% sequential increase.

Advertisement

Key Financial Highlights:

  • Revenue Growth: LTI Mindtree achieved INR 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 INR 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:

  1. Order Inflow: Achieved a historic high order inflow of USD 1.68 billion, signaling robust client demand for its differentiated solutions.
  2. Focus on AI: Continued investment in artificial intelligence capabilities, partnerships, and specialized AI-driven offerings.
  3. 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.

Outlook:

With a strong order book and strategic investments in AI, LTI Mindtree is poised for sustained growth in CY25, enhancing its market positioning as a trusted digital transformation partner.

This robust performance highlights the company’s resilience and commitment to delivering value to clients and stakeholders.