With improving revenue visibility and earnings growth potential of 13-15% over the medium term, Motilal Oswal upgrades estimates by 5.1%/3.8% for FY26/FY27.
LTIMIndtree's revenue visibility remains strong for the next three quarters. (Photo Source: Company)
LTIMindtree reported revenue of $1.1 billion in Q2 FY26, up 2.4% QoQ CC, above our estimate of 2.0% QoQ CC growth. Ebit margin at 15.9% was above Motilal Oswal's estimate of 14.9%. PAT stood at Rs 13.8 billion, up 10.1% QoQ/10.4% YoY and in line with our estimate of Rs 13 billion.