LTIMindtree Q2 Results: LTIMindtree on Thursday reported an 7.7% year-on-year rise in its consolidated net profit (attributable to shareholders of the company) for the fiscal’s second quarter ended September (Q2FY25) to ₹1,251 crore. The company had reported a profit of ₹1,161.8 crore in the year-ago period. Sequentially, the consolidated net profit was up 10.33%. On Thursday, LTIMindtree share price closed 0.70% higher at ₹6,403.20 apiece on the BSE.
The Mumbai-headquartered IT services company consolidated revenue from operations stood at ₹9,432.9 crores during the quarter ended September from ₹8,905.4 crore in Q2FY24, a year-on-year jump of nearly 6%. Sequentially, the growth was by 3.2% from ₹9,142.6 crore in Q1FY25.
As per company’s exchange filing, in USD terms, the revenue was reported at $1,126.6 million, which grew by 4.7% on a YoY basis while rising by 2.8% on QoQ basis. The company’s operating margin, or EBIT, for the quarter ending in September was 15.5%.
“Q2 was a good quarter marked by broad-based sequential growth experienced across all our verticals and geos, helping us register a dollar growth of 2.8%. We had several multi-year deal closures, including a USD 200 million+ deal. Continued deal momentum in key verticals and significant Q2 hiring, including freshers, positions us well as we enter into the latter half of the fiscal year,” said Debashis Chatterjee, Chief Executive Officer and Managing Director.
The board of directors have approved an interim dividend of ₹20 per equity share of par value Re 1 each.
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