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LTIMindtree has announced its financial results for the third quarter of FY24-25, reporting robust revenue growth and significant achievements. The company recorded a revenue of ₹9,016.6 crore, reflecting a 4.6% year-on-year increase. Net profit rose by 16.8% year-on-year to ₹1,169 crore, demonstrating resilience amidst challenging market conditions. This quarter also witnessed the company’s highest-ever order inflow of $1.5 billion, highlighting its strategic focus on emerging opportunities.
LTIMindtree’s Q3 FY24-25 results exhibit strong growth across key financial metrics, underscoring its operational excellence and market leadership. Below are the key highlights:
Revenue Growth: The company achieved a revenue of ₹9,016.6 crore, marking a 4.6% year-on-year growth and a 1.2% sequential increase.
Net Profit: Net profit rose by 16.8% year-on-year to ₹1,169 crore, with a marginal 0.6% sequential growth.
EBIT Margin: The EBIT margin improved to 15.4%, compared to 13.9% in the corresponding quarter last year.
Order Inflow: The highest-ever order inflow was recorded at $1.5 billion, a 21% increase year-on-year.
The Q3 FY24-25 performance highlights LTIMindtree's consistent growth trajectory and its ability to navigate market challenges effectively.
The company reported a revenue of ₹9,016.6 crore, reflecting a 4.6% year-on-year growth. Sequentially, revenue increased by 1.2%. Net profit stood at ₹1,169 crore, a 16.8% year-on-year rise. Despite macroeconomic pressures, the EBIT margin improved to 15.4%, highlighting efficient cost management and operational strength.
LTIMindtree delivered strong results across various business segments, showcasing its ability to diversify revenue streams and maintain growth momentum.
Banking, Financial Services & Insurance (BFSI): This segment contributed 35.6% to the revenue, though it witnessed a 1.6% sequential decline and a 1.4% year-on-year decrease.
Hi-Tech, Media & Entertainment: Contributing 22.9% to the revenue, this segment showed a slight decline of 3.1% sequentially but grew by 0.3% year-on-year.
Manufacturing & Resources: With a 20.3% revenue share, this segment grew by 14.2% sequentially and 20.1% year-on-year, the highest among all segments.
Retail, CPG, Travel, Transport & Hospitality: This segment contributed 14.7%, with a 3.4% sequential decline but a marginal 0.6% year-on-year increase.
Healthcare, Life Sciences & Public Services: This segment contributed 6.5% of revenue, achieving a 1.0% sequential growth and a 6.0% year-on-year increase.
LTIMindtree’s Q3 results align closely with sector expectations, showcasing its ability to outperform in key areas.
The IT services sector has been witnessing steady growth, and LTIMindtree’s focus on Manufacturing & Resources and Healthcare segments has driven notable contributions to its revenue. The company continues to innovate and adapt, maintaining its competitive edge in the market.
LTIMindtree's leadership remains optimistic about the company’s growth prospects and market position.
CEO & Managing Director Debashis Chatterjee commented on the results, stating, "Our strong operational performance in a seasonally weak quarter demonstrates resilience. Booking our highest-ever order inflow of $1.5 billion validates our differentiated market approach and strategic focus on high-growth sectors."
Metric | Q3 FY24-25 |
Revenue | ₹9,016.6 crore |
Net Profit | ₹1,169 crore |
EBIT Margin | 15.4% |
Order Inflow | $1.5 billion |
Attrition Rate | 14.2% |
LTIMindtree continues to demonstrate its commitment to growth and innovation, driving value for investors and stakeholders while navigating an evolving market landscape.
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