BoFA Securities Initiates Outperform on LTM with Target Price of ₹3,910 3 days ago
BoFA Securities has assigned an Outperform rating on LTM with a target price of ₹3,910, citing the company's strong AI strategy positioning, balance-sheet discipline, and scalable moat-driven growth. The brokerage, however, cautions that near-term upside may be limited as the stock awaits the next significant growth catalysts.
LTIMindtree Announces CEO Transition: Venu Lambu to Succeed Debashis Chatterjee
LTIMindtree has announced a leadership change with current CEO Debashis Chatterjee retiring early due to personal reasons. Venu Lambu, former CEO of Randstad Digital, will take over as the new CEO and Managing Director effective May 31, 2025. The company will focus on four key areas: applications, cloud services, infrastructure, and edge computing under Lambu's leadership.
22May 25
LTIMindtree Shares Gain Ahead of Ex-Dividend Date, Rs 45 Per Share Dividend Announced
LTIMindtree Ltd. has declared a dividend of Rs 45.00 per share, with the ex-dividend date set for May 23, 2025. The stock has shown resilience, trading 1.14% higher after a brief dip following the announcement. Current shareholders will be eligible for the dividend if they hold shares before the ex-date. The substantial payout reflects the company's strong financial position and commitment to shareholder value.
16May 25
LTIMindtree Expands Global Footprint with Digital Innovation Hub in Cyprus
LTIMindtree has announced a strategic partnership to create a Digital Innovation Hub in Cyprus, collaborating with Fairfax Financial Holdings and Eurobank Group. The hub will focus on developing advanced digital solutions using AI, ML, and data analytics for EU customers. This move follows LTIMindtree's recent $450 million multi-year contract with a global agribusiness leader, indicating the company's strong growth strategy and expanding global footprint.
LTIMindtree Reports Solid Growth in FY25, Expresses Confidence in Future Prospects
LTIMindtree announced its FY25 financial results, reporting a 7% year-over-year revenue growth to ₹380,081 million. The company's net profit marginally increased by 0.4% to ₹46,020 million. Q4 FY25 saw revenue rise by 9.9% year-on-year to ₹97,717 million. The company secured $6 billion in orders for FY25, up 6% annually, driven by AI-led deal wins. LTIMindtree introduced a 'Fit for Future' program to improve margins from Q1 FY26. The Board recommended a final dividend of ₹45.00 per equity share.
24Apr 25
LTIMindtree: Q4 Results Lead to Mixed Analyst Reactions
LTIMindtree announced its Q4 FY2025 results with revenue reaching ₹9,772.00 crore, up 10.00% year-on-year, and net profit at ₹1,129.00 crore, increasing 2.00% year-on-year. The company secured deals worth $1.60 billion during the quarter. Despite challenges, LTIMindtree remains optimistic, targeting $5.90 billion in deal value for FY2025, a 6.60% YoY growth. The company focuses on AI-led solutions, cost-take-out initiatives, and transformation programs. Management expects growth and margin expansion in Q1 FY26 due to deal ramp-ups and large deal positioning.
23Apr 25
LTIMindtree Reports Steady Growth in Q4 and FY25, Propelled by AI-Led Deals
LTIMindtree announced its Q4 and FY25 results, showing steady growth despite challenging conditions. Q4 revenue reached $1,131.00 million, up 5.8% YoY. FY25 revenue was $4,492.50 million, growing 4.8% YoY. The company secured $6 billion in order inflow for FY25, up 6% annually, with significant AI-led deal wins. Banking, Financial Services & Insurance remained the largest revenue contributor at 37.1% in Q4. North America accounted for 74.5% of Q4 revenue. The company maintained a 14.5% operating margin for FY25 and recommended a final dividend of ₹45.00 per share.
23Apr 25
LTIMindtree Reports 7% Revenue Growth in FY25 with Strong Order Inflow
LTIMindtree announced its FY25 results, showing a 7% year-on-year revenue growth to ₹380,081 million. Net profit slightly increased by 0.4% to ₹46,020 million. Q4 FY25 saw a 9.9% year-on-year revenue growth. The company reported strong operational metrics with a 6% increase in order inflow to USD 6 billion. The workforce stood at 84,307 with a 14.4% attrition rate. LTIMindtree maintained focus on AI-led solutions and strategic partnerships. A final dividend of ₹45 per share was recommended.