LTI Mindtree , a global technology consulting and digital solutions company, has reported robust financial results for the first quarter of fiscal year 2026, while emphasizing its focus on immediate execution and quarterly progress.

Strong Financial Performance

The company announced impressive financial results for Q1 FY26:

• Revenue reached ₹98,406.00 million, marking a 7.6% year-on-year growth and a 0.7% quarter-on-quarter increase.
• Net profit stood at ₹12,546.00 million, showing a significant 11.2% quarter-on-quarter and 10.5% year-on-year growth.
• In USD terms, revenue was $1,153.30 million, up 2.0% quarter-on-quarter and 5.2% year-on-year.
• Operating margin (EBIT) expanded by 50 basis points quarter-on-quarter to 14.3%.

Focus on Short-Term Execution

LTIMindtree's management has decided to prioritize immediate execution over long-term forecasts. The company has opted not to provide a full-year forecast, instead concentrating on quarterly progress. This approach aligns with their strategy to enhance agility and strengthen their ability to scale for the future.

Strategic Initiatives and Client Wins

Venu Lambu, Chief Executive Officer and Managing Director of LTIMindtree, highlighted the company's progress on strategic priorities:

"We had a promising start to the year delivering broad-based growth, expanding margins, and making significant progress on our strategic priorities. Our Fit4Future program, sales transformation efforts, and pivot to AI have enhanced agility and strengthened our ability to scale for the future."

The company reported several significant deal wins across various sectors, including:

• An AI-driven model implementation for a global agribusiness leader
• A supplier consolidation initiative for a global leader in professional services
• A long-term transformation partnership with a major European financial institution

Client and Employee Metrics

As of June 30, 2025, LTIMindtree reported:

Looking Ahead

While acknowledging the challenging macroeconomic environment, LTIMindtree remains confident in its ability to drive performance through disciplined execution and unwavering client focus. The company continues to work towards its $10 billion revenue goal, with management expressing confidence in continued growth for Q2 FY26.

LTIMindtree's strategic focus on AI, coupled with its strong financial performance and growing client base, positions the company well for future growth in the dynamic technology consulting and digital solutions market.

LTIMindtree , a global technology consulting and digital solutions company, has reported a robust financial performance for Q1, showcasing significant growth in both revenue and profitability. However, the company's shares experienced a 3.00% decline following the results announcement, despite initial gains.

Financial Highlights

LTIMindtree reported a consolidated net profit of Rs 1,255.00 crore for Q1, marking a substantial increase of 11.00% compared to the same period last year. The company's revenue increased by 8.00% to Rs 9,841.00 crore.

In dollar terms, LTIMindtree's Q1 revenue grew 5.20% year-on-year to $1,153.30 million.

Key Performance Indicators

• Operating Margin (EBIT): Expanded by 50 basis points quarter-on-quarter to 14.30%

Management Commentary

Venu Lambu, Chief Executive Officer of LTIMindtree, expressed confidence in the company's performance despite challenging macroeconomic conditions.

Analyst Reactions

The Q1 results have triggered mixed reactions from analysts:

• HSBC and Nuvama have reiterated their 'Buy' ratings, with some analysts raising their price targets.
• Morgan Stanley and Nomura maintain a more cautious stance.
• Analysts favoring the company cite its growth prospects and valuation as positive factors.

Outlook

LTIMindtree's strong Q1 results position the company favorably in the evolving digital landscape. However, the mixed analyst reactions suggest that market sentiment remains divided on the company's future performance.