LTIMindtree Q2 Review: ICICI Securities Maintains 'Reduce' Rating, Sees 14% Downside — Check Target Price

H2 is especially weak for LTIMindtree, given its heightened sensitivity to furloughs, adds ICICI Securities.

ICICI Securities

17 Oct 2025, 10:48 AM IST i

<div class="paragraphs"><p>LTIMindtree's TCV stood at $1.59 billion, including large media deal, down 2.5% QoQ, coming off from large $450 mn business deal from Q1FY26 with an agri-business leader.</p><p>(Image: NDTV Profit/Vishal Patel)</p></div>

LTIMindtree's TCV stood at $1.59 billion, including large media deal, down 2.5% QoQ, coming off from large $450 mn business deal from Q1FY26 with an agri-business leader.

(Image: NDTV Profit/Vishal Patel)

LTIMindtree is focused on maintaining sustained profitable growth and aims to expand Ebit margin going forward despite furlough seasonality. LTIMindtree has plans to hike wages spread equally over Q4 FY26 (starting Jan’26) and Q1 FY27 (starting Apr’26).

OUR NEWSLETTERS

By signing up you agree to the Terms & Conditions of NDTV Profit

LTIMindtree Q2 Review: ICICI Securities Maintains 'Reduce' Rating, Sees 14% Downside — Check Target Price

H2 is especially weak for LTIMindtree, given its heightened sensitivity to furloughs, adds ICICI Securities.

NDTV Profit

NDTV Profit

Follow Us

DISCOVER US FASTER

DOWNLOAD THE APP