October 18, 2024
New Delhi, India
LTIMindtree Q2 Results
LTIMindtree posted a 7.7% year-on-year (YoY) increase in consolidated net profit for Q2FY25, reaching ₹1,251 crore, up from ₹1,161.8 crore in the year-ago period. Revenue grew nearly 6% YoY to ₹9,432.9 crore. The company also announced an interim dividend of ₹20 per equity share.
Key Highlights:
- Net Profit: ₹1,251 crore, a 7.7% YoY rise.
- Revenue: ₹9,432.9 crore, a 6% YoY increase.
- Operating Margin: 15.5% for the September quarter.
- Employee Count: 84,438, with 2,504 new hires in Q2.
- Attrition Rate: 14.5% over the last 12 months.
In USD terms, revenue reached $1,126.6 million, marking a 4.7% YoY growth and a 2.8% QoQ increase. LTIMindtree secured several multi-year deals, including a $200 million+ agreement, and continued deal momentum in key sectors.
CEO Debashis Chatterjee highlighted the company’s broad-based sequential growth across all verticals and the use of AI in achieving operational savings. The company secured key deals in digital transformation, core banking modernization, and cloud platform integration.
The board approved an interim dividend of ₹20 per equity share.
LTIMindtree shares were trading 6050.00 a piece down 5.42% by 11:38 A.M IST today.
Check Q2 results
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