LTIMindtree Reports Strong Q2 Performance with 10.2% YoY Revenue Growth and Margin Expansion
LTIMindtree announced robust Q2 financial results, with revenue reaching ₹103,943.00 million, a 10.2% year-on-year increase. EBIT grew by 13.0% YoY to ₹16,481.00 million, while net profit rose 10.4% YoY to ₹13,812.00 million. The company's EBIT margin expanded to 15.9%. LTIMindtree added 23 new clients, bringing the total to 749 active clients. The company secured significant deals across various sectors and reported broad-based revenue growth across industry segments. The Board approved an interim dividend of ₹22.00 per equity share.

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LTI Mindtree , a global technology consulting and digital solutions company, has announced robust financial results for the second quarter, demonstrating solid growth and improved profitability.
Key Financial Highlights
- Revenue reached ₹103,943.00 million, marking a 10.2% year-on-year increase and a 5.6% quarter-on-quarter growth
- EBIT (Earnings Before Interest and Taxes) stood at ₹16,481.00 million, up 13.0% year-on-year and 17.2% quarter-on-quarter
- Net profit rose to ₹13,812.00 million, showing a 10.4% year-on-year and 10.1% quarter-on-quarter increase
- EBIT margin expanded to 15.9%, a significant improvement of 160 basis points from the previous quarter
Operational Performance
LTIMindtree's operational metrics also showed positive trends:
- The company's client base grew to 749 active clients
- Added 23 new clients during the quarter
- Increased its $20 million+ clients by 3 and $50 million+ clients by 2 on a year-on-year basis
- Total employee count reached 86,447, with 2,558 employees added in Q2
- Trailing 12-month attrition rate improved to 14.2%
Strategic Initiatives and Deal Wins
The company secured several significant deals across various sectors:
- A large deal with a global media and entertainment company for AI-centric digital transformation
- Strategic partnership with a global financial institution for end-to-end technology and consulting services
- Contract with a global manufacturer of chemicals for technology transformation
- Multi-year deal with a global hospitality major for digital and guest loyalty transformation
- Contract from the Government of India's Central Board of Direct Taxes (CBDT) to transform India's PAN infrastructure
Industry-wise Performance
LTIMindtree's revenue growth was broad-based across industry segments:
Industry Segment | Q2 Revenue Share | QoQ Growth (USD) | YoY Growth (USD) |
---|---|---|---|
Banking, Financial Services & Insurance | 36.2% | 0.2% | 6.5% |
Technology, Media & Communications | 22.7% | 0.1% | -6.3% |
Manufacturing & Resources | 19.5% | 1.7% | 12.7% |
Consumer Business | 15.6% | 9.1% | 12.4% |
Healthcare, Life Sciences & Public Services | 6.0% | 10.2% | -0.9% |
Management Commentary
Venu Lambu, Chief Executive Officer and Managing Director of LTIMindtree, stated, "Q2 has been a strong quarter for us, marked by broad-based performance across our business. We delivered our second consecutive quarter of growth with margin improvement ahead of plan. We are committed to becoming an AI-centric organization, leveraging our BlueVerse™ ecosystem. Our strategy remains on course, and our results reflect disciplined execution, the depth of our client relationships, and solid progress in our ongoing transformation."
Dividend Announcement
The Board of Directors has approved an interim dividend of ₹22.00 per equity share of par value ₹1.00 each.
LTIMindtree's strong Q2 performance, characterized by revenue growth, margin expansion, and strategic deal wins, positions the company well for continued success in the evolving technology services landscape.
Historical Stock Returns for LTI Mindtree
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-0.31% | +2.44% | +3.36% | +33.71% | -12.35% | +85.89% |