LTIMindtree shares open marginally higher ahead of March quarter earnings

LTIMindtree is set announce its Q4 FY24 results on April 24

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26 Aug, 2025 12:21

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Shares of LTIMindtree opened marginally higher on April 24, ahead of its March-quarter earnings to be declared later in the day.

LTIMindtree is expected to have suffered a slight decline in revenue in the final quarter of FY24 due to extended furloughs and certain ramp-downs. A compilation of estimates from 13 brokerages by Moneycontrol suggests a marginal decrease of 0.5 percent quarter-on-quarter, with its revenue expected to reach Rs 8,971 crore in the January-March period.

A furlough, in this instance, refers to a situation where clients in markets such as the US and Europe refrain from compensating outsourced employees from Indian IT companies for specific days when operations are suspended, typically during the Christmas and New Year break.

“Growth may be impacted by the absence of pass-through revenue, gradual reversal of furloughs in Q4 FY24 and weak discretionary spending overall,” Phillip Capital India said in a pre-earnings research report. Pass-through revenue refers to the revenue generated from third-party services or expenses, which are directly passed on to clients without any markup.

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The company's Q4 FY24 net profit is projected to decline 2.2 percent on-quarter to Rs 1,143.1 crore.

Analysts are divided when it comes to the EBIT margin of LTIMindtree for the March quarter. According to the average of 13 brokerages, the EBIT margin of LTIMindtree is likely to expand by 33 basis points (bps) on a quarterly basis.

While some brokerages expect an expansion in the EBIT margin due to the absence of wage hikes and higher working days, others expect the EBIT margin to decline QoQ due to a decline in revenue, peaking utilisation rates, transition costs of large deals, and investments.

At 9.18am, LTIMindtree's shares traded 0.4 percent higher at Rs 4,739.75. In the past six months, the stock has fallen by over 9 percent. It has been facing monthly declines since January 2024.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.