- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Revenue for the latest quarter reached ₹96,609 million, reflecting a sequential growth of 2.4% and a year-over-year increase of 7.1%. This uptrend can be attributed to a robust demand in the Banking, Financial Services, and Insurance segment, which contributed significantly to the overall revenue, alongside gains in Technology, Media, and Communications.
Net profit after tax stood at ₹10,867 million, showing a decline of 13.2% quarter-over-quarter and 7.1% year-over-year, primarily due to higher operational costs, particularly in employee benefits and sub-contracting. Basic EPS was reported at ₹36.65.
Operational costs increased to ₹84,009 million, which is a notable rise from ₹80,450 million in the previous quarter. Employee benefits alone surged to ₹62,549 million, underscoring the need for the company to effectively manage its cost structure amid growth.
The balance sheet remains healthy, with total equity growing to ₹212,658 million from ₹210,576 million, indicating a solid retained earnings position bolstered by previous performance. Cash and investments stood at ₹124,882 million, providing a strong liquidity cushion for future investments.
With strategic focus on AI and technology partnerships, LTIMindtree positions itself well for potential future growth despite current profitability pressures. Considering the overall financial performance and market outlook, a hold position appears appropriate as the company navigates headwinds while leveraging its strong client base and infrastructure.