LTIMindtree Q3 results: Net profit jumps 17% to Rs 1,169 crore, revenue grows 5%

Shares of LTIMindtree on January 17 closed 0.72 percent higher at Rs 6,280 apiece on BSE.

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26 Aug, 2025 12:21

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LTIMindtree on January 17 reported a 16.8 percent year-on-year (YoY) increase in net profit at Rs 1,169 crore for the December quarter of the current financial year 2024, driven by an all-time high quarterly order book.

Sequentially, the IT services company’s net profit increased by 0.6 percent, coming slightly lower than Moneycontrol’s estimates of Rs 1,181 crore in net profit.

Consolidated revenue came in at Rs 9,016 crores, growing 4.6 percent YoY and 1.2 percent quarter on quarter (QoQ); marginally missing Moneycontrol’s estimates of Rs 9,050 crores.

The EBIT margin or operating margin plunged sequentially to 15.4 percent from 16 percent last quarter, remained below  Moneycontrol’s estimates of 16 percent.

Debashis Chatterjee, CEO, LTIMindtree said, “Our strong operational performance in a seasonally weak quarter speaks about the organization’s resilience amid the continuing macro challenges. For the quarter, we reported a revenue of $ 1.08 billion, a 3.5% YoY growth in USD terms, an EBIT margin of 15.4%, an increase of 150 bps YoY, and a PAT margin of 13%, an increase of 140 bps YoY."

"We have booked our highest-ever order inflow at $1.5 billion, representing a 21% increase YoY, and our strong cash flow metrics helped us cross INR 10,000 crore in cash and investment balance. These strong indicators make us confident to deliver on our path to success as we enter
the new year,” he added.

Shares of LTIMindtree on January 17 closed 0.72 percent higher at Rs 6,280 apiece on BSE.

Deal wins

LTIMindtree reported its highest ever quarterly deal pipeline at $1.5 billion, despite facing higher levels of seasonality and higher than expected furloughs.

"Against a continued background of challenging macroeconomic environment and delays in client decision making, we expect Q4 performance to remain similar to the current quarter," Chatterjee told the media during the company's earnings conference.

Unlike its peers, LTIMindtree saw a decline in growth on both YoY and QoQ basis from Europe, while North America continues to bring over 70% of the revenue contribution.

The company is betting big on the generative AI opportunity and has set up a new service line called Enterprise AI.

"This will enable us to create cohesive and comprehensive AI-first strategies by bringing generative AI intervention into all our strategies and service lines, and across 4 customer priority areas: foundation, core, innovation and experience," Chatterjee said.

LTIMindtree has trained 10,000 employees in AI capabilities. The company said it has almost 140 customers they are currently discussing the generative AI opportunity with and another 30 of them are already in partnership to deploy the technology.

Fresher onboarding

LTIMindtree's total headcount declined by 1,016 employees sequentially in Q3. The total headcount currently stands at 82,471.

The company has added 500 freshers in Q3. "The plan is to continue hiring in real time relatively in the upcoming quarters as supply side challenges are easing up," Chatterjee shared.

Attrition on last-twelve month (LTM) basis, is down to 14.2 percent from 15.2 percent in Q2 and 22.3 percent in Q3FY23.