Earnings Review
LTIMindtree beats Q2 estimates; PAT up 12% QoQ
This story was originally published at 18:37 IST on 16 October 2025
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--LTIMindtree active clients 749 as on Sept 30 vs 741 qtr ago
--LTIMindtree Jul-Sept utilisation excluding trainees 88.1%, unch on qtr
--LTIMindtree Jul-Sept total headcount 86,447 vs 83,889 qtr ago
--LTIMindtree Jul-Sept trailing 12-month attrition 14.2% vs 14.4% qtr ago
--LTIMindtree Jul-Sept order inflow $1.59 bln vs $1.63 bln qtr ago
--LTIMindtree Q2 N America sales up 2.1% QoQ in dollar terms, up 3.6% YoY
--LTIMindtree Jul-Sept consumer business sales up 12.4% YoY in dollar terms
--LTIMindtree Jul-Sept consumer business sales up 9.1% QoQ in dollar terms
--LTIMindtree Q2 BFSI revenue up 0.2% QoQ in dollar terms, up 6.5% YoY
--LTIMindtree Jul-Sept consol EBIT margin 15.9% vs 14.3% qtr ago
--LTIMindtree Jul-Sept consol revenue up 4.4% on yr in constant currency
--LTIMindtree Jul-Sept consol revenue up 2.4% on qtr in constant currency
--LTIMindtree Apr-Sept consol revenue INR 202.35 bln vs INR 185.76 bln yr ago
--LTIMindtree Apr-Sept consol PAT INR 26.55 bln vs INR 23.85 bln year ago
--LTIMindtree interim dividend record date is Oct 24
--LTIMindtree to pay INR 22 per share interim dividend
--LTIMindtree Jul-Sept consol revenue INR 103.94 bln vs INR 98.41 bln qtr ago
--LTIMindtree Jul-Sept consol PAT INR 14.01 bln vs INR 12.54 bln qtr ago
--Analysts saw LTIMindtree Jul-Sept consol revenue at INR 102.98 bln
--LTIMindtree Jul-Sept consol revenue INR 103.94 bln
--Analysts saw LTIMindtree Jul-Sept consol net profit at INR 12.78 bln
--LTIMindtree Jul-Sept consol net profit INR 14.01 bln
By Narayana Krishna
HYDERABAD – Technology solutions and consulting services company LTIMindtree on Thursday reported a consolidated net profit of INR 14.01 billion, up nearly 12% on quarter. The company's revenue from operations for the reporting quarter was up by 5.6% on quarter to INR 103.94 billion. The sequential growth in the company's net profit was the highest in 13 quarters and the growth in revenue was the best in 12 quarters.
The company beat analysts' estimates in both net profit and revenue for the quarter. Analysts had estimated LTIMindtree September quarter net profit at INR 12.78 billion on a topline of INR 102.98 billion.
"Q2FY26 has been a strong quarter for us, marked by broad-based performance across our business. We delivered our second consecutive quarter of growth with margin improvement ahead of plan," LTIMindtree said quoting Venu Lambu, chief executive officer and managing director.
The company reported its consolidated earnings before interest, tax margin at 15.9% against 14.3% a year ago.
On a year-on-year basis, LTIMindtree's net profit rose 12% and revenue increased by a little over 10% for the September quarter. The consolidated revenue in constant currency terms is up by 2.4% on quarter and 4.4% on year. North America sales are up by 2.1% on the quarter and 3.6% on year.
The company's consumer business sales reported the highest growth among all segments at 9.1% on quarter and 12.4% on year in dollar terms. The banking and financial services and insurance segment witnessed muted growth from a quarter ago at 0.2% in dollar terms, but was up 6.5% on year.
The September quarter order inflow was also a little low at $1.59 billion compared to $1.63 billion a quarter ago. LTIMindtree said the company is committed to becoming an AI-centric organisation, leveraging its BlueVerse ecosystem, which will help to improve execution and client relationship, going forward.
LTIMindtree's headcount improved during the reporting quarter to 86,447 employees from 83,889 a quarter ago. The 12-month trailing attrition rate fell slightly to 14.2% compared to 14.4% a quarter ago. The utilisation for the quarter, excluding trainees, was at 88.1%, similar to the June quarter. The total client count improved to 749 from 741 a quarter ago.
LTIMindtree total expenses for Jul-Sept rose by 3.6% on quarter to INR 88.2 billion. The employee expenses for the quarter went up by 1.4% to INR 64.7 billion. Other expenses inched up by 0.5% to INR 11.9 billion. The tax expenses for the latest quarter rose 5.6% to INR 4.9 billion.
For Apr-Sept, LTI Mindtree reported a consolidated net profit of INR 26.55 billion, up a little over 11% on year, on a revenue of INR 202.35 billion, which was up by 9% on year. LTIMindtree board today approved to pay INR 22 per share interim dividend.
On Thursday, LTI Mindtree shares closed at INR 5,622.50 on the National Stock Exchange, up 0.2% from its previous close. End
Edited by Deepshikha Bhardwaj
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