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Informist, Thursday, Jul. 17, 2025

 

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--LTIMindtree Apr-Jun consol net profit INR 12.54 bln
--Analysts saw LTIMindtree Apr-Jun consol net profit at INR 11.91 bln
--LTIMindtree Apr-Jun consol PAT INR 12.54 bln vs INR 11.29 bln qtr ago
--LTIMindtree Apr-Jun consol revenue INR 98.41 bln vs INR 97.72 bln qtr ago
--LTIMindtree Apr-Jun consol revenue up 0.8% on qtr in constant currency
--LTIMindtree Apr-Jun consol revenue up 4.4% on yr in constant currency
--LTIMindtree Apr-Jun consol EBITDA margin 16.8% vs 16.3% qtr ago
--LTIMindtree Apr-Jun consol EBIT margin 14.3% vs 13.8% qtr ago
--LTIMindtree Q1 BFSI sales up 1.6% QoQ in dollar terms, up 10.6% on year
--LTIMindtree Apr-Jun tech, media, comm sales down 4.7% YoY in dollar terms
--LTIMindtree Apr-Jun tech, media, comm sales up 0.8% QoQ in dollar terms
--LTIMindtree Apr-Jun mfg, resources sales up 11.6% YoY in dollar terms
--LTIMindtree Apr-Jun mfg, resources sales up 0.3% QoQ in dollar terms
--LTIMindtree Apr-Jun consumer business sales up 5.7% YoY in dollar terms
--LTIMindtree Apr-Jun consumer business sales up 6.2% QoQ in dollar terms
--LTIMindtree Q1 heath, life sciences revenue up 4.8% QoQ in dollar terms
--LTIMindtree Q1 heath, life sciences revenue down 4.7% YoY in dollar terms
--LTIMindtree Q1 N America sales up 1.8% QoQ in dollar terms, up 4.2% YoY
--LTIMindtree Q1 Europe sales up 9.7% QoQ in dollar terms, up 7.0% YoY
--LTIMindtree Apr-Jun order inflow $1.63 bln vs $1.60 bln qtr ago
--LTIMindtree Apr-Jun utilisation 88.1% vs 85.8% qtr ago
--LTIMindtree Apr-Jun total headcount 83,889 vs 84,307 qtr ago
--LTIMindtree trailing 12-month attrition 14.4%, unch on qtr
--LTIMindtree active clients 741 as on Jun 30, unch on qtr
--LTIMindtree added 17 new clients in Apr-Jun
--LTIMindtree Apr-Jun consol EBITDA INR 16.49 bln, up 3.3% on qtr
--LTIMindtree Apr-Jun consol EBIT INR 14.07 bln, up 4.5% on qtr
--LTIMindtree CEO: Macroeconomic environment remains challenging
--LTIMindtree Apr-Jun free cash flow INR 7.61 bln vs INR 7.64 bln qtr ago

 

By Rajesh Gajra and Anand JC

 

NEW DELHI – LTIMindtree Ltd. beat Street expectations on its bottom line growth with its consolidated net profit rising 11% sequentially to INR 12.54 billion in the June quarter from INR 11.29 billion in the previous quarter. Analysts had estimated the net profit to be INR 11.91 billion. The net profit was boosted by a jump in other income and a decline in employee benefit cost that form a big chunk of the total operating expenses of the company.

 

The revenue from operations of the company, which is a technology consultancy and digital solutions subsidiary of engineering major Larsen and Toubro Ltd., increased 0.7% on quarter to INR 98.41 billion from INR 97.72 billion. There was a 56% sequential jump in the other income of the company to INR 3.92 billion. The employee benefits expenses declined 1.4% on quarter to INR 63.81 billion.

 

The employee costs recorded a sequential decline in the June quarter after five consecutive quarters of increase. The other income rise of 56% was substantial and the last time when other income had recorded a higher sequential rise was in the June quarter of 2023-24 (Apr-Mar) when it had nearly doubled sequentially.

 

The reported revenue from operations of INR 98.41 billion for the June quarter nearly met the Street view of INR 98.42 billion. In constant currency terms, the consolidated revenue was up 0.8% on quarter. Compared with the year-ago period, the revenue was up 4.4% in constant currency terms and 7.6% in Indian rupee terms.

 

Aided by a decline in staff cost which made up for 75% of the total expenses in the June quarter, the consolidated earnings before interest, tax, depreciation, and amortisation margin went up to 16.8% from 16.3% in the March quarter. The EBIT margin moved up to 14.3% from 13.8% in the previous quarter. The reported EBIT margin of 14.3% was also in line with analysts' estimate of 14.26%.

 

In value terms, LTIMindtree's consolidated EBITDA increased 3.3% sequentially to INR 16.49 billion, and the EBIT went up 4.5% to 14.07 billion. The company said it added 17 new clients in the June quarter but the total number of active clients was unchanged at 741 at the end of June quarter as compared to the end of the previous quarter.

 

The order inflow of the company was slightly higher in the June quarter at $1.63 billion from $1.60 billion in the previous quarter. The utilisation, excluding trainees, increased sequentially to 88.1% from 85.8%. The free cash flow of the company was slightly down on quarter to INR 7.61 billion from INR 7.64 billion.

 

The total headcount of LTIMindtree declined to 83,889 in the June quarter from 84,307 from the previous quarter. The trailing 12-month attrition was unchanged sequentially at 14.4%, the company said. 

 

 

 

"We had a promising start to the year delivering broad-based growth, expanding margins, and making significant progress on our strategic priorities," said LTIMindtree's Managing Director and Chief Executive Officer Venu Lambu in a press release. "While the macroeconomic environment remains challenging, I'm confident that our disciplined execution and unwavering client focus will continue to drive our performance," he added.

 

SEGMENTS

LTIMindtree's revenues from banking, financial services, and insurance industry for the June quarter grew 10.6% on year, but only 1.6% sequentially. This segment contributes 37% to the company's overall revenues, the highest among all. 

 

Technology, media and communications revenue grew nearly a percent on quarter in Apr-Jun, but fell nearly 5% on year. Revenues from manufacturing and resources segment barely grew sequentially, but rose nearly 12% on year. 

 

Consumer business saw robust growth sequentially and on year in the June quarter, as it increased just over 6% on quarter and nearly 6% from the year-ago quarter. Healthcare, life sciences and public services segment fell nearly 5% on year in the latest quarter but grew nearly 5% sequentially.

 

Nearly 75% of LTIMindtree's June quarter revenues were contributed by its operations in North America. Its revenues from that region grew only 1.8% sequentially in the June quarter, but grew at a faster 4.2% on year. Europe, which contributes almost 15% to the company's overall sales, grew nearly 10% sequentially and 7% on year. Its earnings from the rest of the world fell 6% sequentially but grew just over 10% on year.

LTIMindtree disclosed its financials for the quarter-ended June after the market closed for the day. On Thursday, its shares fell 2.5% from the previous close on the National Stock Exchange to INR 5,194.50.   End

 

US$1 = INR 86.08

 

Edited by Akul Nishant Akhoury

 

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