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Business Standard

LTIMindtree Q1 net profit up 10.5% to ₹1,254.6 crore, beats estimate

LTIMindtree reported a net profit of Rs 1,254.6 crore for the first quarter of financial year 2025–26 (Q1FY26), up 10.5 per cent year-on-year (YoY). Sequentially, profit rose 11.2 per cent. Revenue for the quarter grew 7.6 per cent YoY to Rs 9,840.6 crore. Sequentially, revenue rose marginally by 0.7 per cent. The company beat estimates on net profit but missed on revenue. According to Bloomberg estimates, net profit was expected at Rs 1,194 crore and revenue at Rs 9,855.4 crore. Compared to larger peers, LTIMindtree's performance was stronger. 'We had a promising start to the year, delivering broad-based growth, expanding margins, and making significant progress on our strategic priorities. Our Fit4Future programme, sales transformation efforts and pivot to AI have enhanced agility and strengthened our ability to scale for the future,' said Venu Lambu, chief executive officer and managing director. Lambu further added that although the macroeconomic environment remains challenging, 'I'm confident that our disciplined execution and unwavering client focus will continue to drive our performance.' In terms of verticals, the growth driver for the quarter was the consumer business, which grew 6.2 per cent sequentially and 5.7 per cent YoY, followed by the BFSI segment, which grew 1.6 per cent quarter-on-quarter (QoQ) and 10.6 per cent YoY. The healthcare, life sciences and public services segment grew 4.8 per cent QoQ but declined 4.7 per cent YoY. Geographically, the US grew 1.8 per cent QoQ and 4.2 per cent YoY. Europe rose 9.7 per cent sequentially and 7 per cent YoY, while the rest of the world declined 6 per cent QoQ but grew 10 per cent YoY. For the quarter ending 30 June 2025, the company's total headcount stood at 83,889, down by 418 from the previous quarter. Attrition for the firm was at 14.4 per cent. The company also announced that its board has approved the issue of 67,252 new shares, each valued at Re 1, to the LTIMindtree Employee Welfare Trust, under its Employees Stock Option Plan of 2021 and 2015. These shares will later be transferred to eligible employees upon exercise of options.