LTIMindtree Q4 Results: Net Profit Rises 4%, Meets Estimates

LTIMindtree Ltd.'s net profit rose 4% sequentially in the fourth quarter to Rs 1,128 crore, as compared to Rs 1,085 crore in the year-ago period, according to the consolidated results declared by the company on Wednesday.

The bottomline posted by the IT firm has met the consensus estimate of analysts tracked by Bloomberg.

LTIMindtree's revenue rose marginally by 1.1% during the quarter under review to Rs 9,772 crore, as against Rs 9,661 crore in the year-ago period. This was also in line with the estimates.

The company's board of directors also recommended a final dividend of Rs 45 per share.

LTIMindtree Q4 Results Highlights (Consolidated, QoQ)

• Revenue up 1.1% at Rs 9,772 crore (Bloomberg estimate: Rs 9,887 crore).

• EBIT rises 1% to Rs 1,345 crore (Estimate: Rs 1,428 crore).

• Margin expands to 13.8% versus 13.7% (Estimate: 14.45%).

• Net profit up 4% at Rs 1,128 crore (Estimate: Rs 1,171 crore).

In dollar terms, revenue for the fourth quarter stood at $1,131 million, down 0.7% sequentially and up 5.8% on a year-on-year basis. Net profit stood at $130.6 million, higher by 2% on a QoQ basis, and lower by 1.4% compared to the year-ago quarter.

For the full financial year, LTIMindtree's revenue came in at Rs 38,008.1 crore, a 7% increase compared to fiscal 2024. The bottomline for the financial year stood at Rs 4,602 crore, up 0.4%.

“Our key verticals and a major geography drove our yearly growth despite an ongoing challenging macro environment. The robust order inflow, driven by a significant array of AI-led deal wins, illustrates the pervasive integration of AI across our service offerings,” said Debashis Chatterjee, the company's chief executive officer and managing director.

On a YoY basis, revenue from BFSI segment grew 12%, technology, media and communications grew 2.1%, and manufacturing and resources grew 13.3% in the fourth quarter. However, consumer business dipped 1.9%, and healthcare, life sciences and public services slid the highest at 16.2%.

Geographically, LTIMindtree's revenue from the North America region grew 6.8%, while from Rest of the World, it grew by 8.5% during the quarter under review. The revenue from Europe region dipped 1.5%.

The IT firm's order inflows in the fourth quarter stood at $1.60 billion, tad lower than $1.68 billion recorded last quarter.

The number of active clients stood at 741 at the end of March quarter, almost the same as compared to 742 clients at the end of last quarter. There was an increase of one client in the '$5 million and above client' bracket and one increase in '$50 million and above' bracket.

LTIMindtree's total number of employees at the end of the March quarter stood at 84,307, down by 2,493 employees in comparison to last quarter. Attrition rate remained flattish at 14.4%, in comparison to 14.3% recorded in the preceding quarter.

Following the release of quarterly earnings, Chatterjee also noted that his designated successor - Venu Lambu's transition to LTIMindtree has been seamless and supports the company's strategic goals. Lambu's growing understanding of the organisation, combined with ability to secure large deals, strong presence in tech-intensive sectors, and robust balance sheet, positions the company well to leverage the opportunities ahead, he said.

Notably, LTIMindtree appointed Lambu, a former Randstad Digital executive, as the CEO-designate in January 2025. He will Chatterjee after the end of his term.

Before the quarterly results were declared, LTIMindtree's shares rose 5.6% to Rs 4,538.5 apiece on the BSE, compared to a 0.65% rise in the benchmark Sensex.