LTIMindtree , a global technology consulting and digital solutions company, has announced its financial results for the first quarter, showcasing robust growth and improved profitability.

LTIMindtree's Q1 net profit increased 11% year-on-year (YoY) to ₹1,254.60 crore, meeting analyst estimates. Revenue rose marginally to ₹9,840.60 crore. EBIT grew 4.5% to ₹1,407.00 crore, with margin expanding to 14.3%.

Financial Highlights

• Revenue: ₹98,406.00 million, up 0.7% quarter-on-quarter (QoQ) and 7.6% YoY
• Net Profit: ₹12,546.00 million, a significant increase of 11.2% QoQ and 10.5% YoY
• EBIT Margin: Improved to 14.3%, expanding by 50 basis points QoQ
• USD Revenue: $1,153.30 million, growing 2.0% QoQ and 5.2% YoY

Key Performance Indicators

• Order Book: Reached $1.60 billion, up 17% YoY
• Active Clients: 741
• Employee Count: 83,889 professionals
• Attrition Rate: 14.4% (trailing 12-month)

Segment Performance

LTIMindtree's performance across various industry segments showed mixed results:

Management Commentary

Venu Lambu, Chief Executive Officer and Managing Director of LTIMindtree, expressed optimism about the company's performance: "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."

Notable Deal Wins

LTIMindtree secured several significant deals during the quarter, including:

• Implementation of an AI-driven model for a global agribusiness leader
• Selection as a strategic partner for a supplier consolidation initiative by a global professional services leader
• Chosen as a long-term transformation partner by a major European financial institution
• Entrusted with a digital transformation initiative for tax system modernization by a foreign government organization

Partnerships and Recognitions

The company received multiple accolades and strengthened its partnerships:

• Honored with the "Diversity in Security" award at the Microsoft Security Excellence Awards
• Named "Google Partner of the Year for Industry Solutions in Manufacturing"
• Recognized as a premier partner for AWS's RAPID GenAI assessment program
• Awarded "Databricks Business Transformation Partner of the Year"

Outlook

While acknowledging the challenging macroeconomic environment, LTIMindtree's management remains confident in the company's ability to drive performance through disciplined execution and client focus. The company's strong order book and strategic initiatives position it well for continued growth in the coming quarters.

LTIMindtree's solid Q1 results demonstrate its resilience and adaptability in a dynamic market, with significant improvements in profitability and continued expansion of its client base across various industries.

LTI Mindtree (LTIM), a leading global technology consulting and digital solutions company, has officially announced the closure of its subsidiary, Syncordis Limited, in the United Kingdom. This development marks a significant change in the company's operational structure in the region.

Subsidiary Dissolution

According to a regulatory filing by LTIMindtree, Syncordis Limited, a step-down wholly-owned subsidiary of the company in the UK, has been dissolved effective July 16, 2025. The dissolution was confirmed through a publication on the website of Companies House, UK, the country's registrar of companies.

Regulatory Compliance

The company made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements Regulations, 2015. This regulation mandates listed entities to inform stock exchanges about material events that may have an impact on the company's operations or financial performance.

Limited Information

While the closure has been officially confirmed, LTIMindtree has not provided specific details regarding the reasons behind the shutdown or its potential impact on the company's overall operations. The brief nature of the announcement leaves room for speculation about the strategic motivations behind this move.

Market Implications

As a significant player in the global IT services sector, any structural changes in LTIMindtree's operations are likely to draw attention from investors and industry analysts. The closure of a subsidiary could potentially be part of a larger restructuring effort or a strategic realignment of the company's resources and focus areas.

Looking Ahead

Stakeholders and market observers will be keenly watching for any further announcements from LTIMindtree regarding the implications of this closure on its UK operations and overall business strategy. The company may provide more insights into this development during its next earnings call or through subsequent regulatory filings.

As the situation unfolds, it remains to be seen how this move will affect LTIMindtree's presence in the UK market and its broader global operations. The company's future communications will be crucial in understanding the full context and consequences of this strategic decision.