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Informist, Thursday, Oct. 16, 2025

By Sunil Raghu and Arundathi A R

AHMEDABAD/MUMBAI–-LTIMindTree Ltd. aims to achieve double-digit growth in the second half of 2025-26 (Apr-Mar), the company's management said in an analysts' conference call post September quarter earnings Thursday.

"We remain optimistic and confident about delivering and continuing the same growth momentum in the second half. And if you have to deliver to the near-double-digit at some point in second half, obviously we expect the growth to be slightly higher than what we had in Q2 as we look beyond the Q2," the company's management said.

Though this is the second consecutive quarter of sequential growth across each vertical of LTI Mindtree services, the growth of the company was led by consumer business, which grew 9.1% on quarter. The healthcare, life sciences, and public services segment reported a growth of 10.2%, and the manufacturing business was up 1.7%. The company's core -– banking, finance services, and insurance, or BFSI, division--saw the least growth and was up merely 0.2% on quarter. This vertical accounted for more than 36% of the company's revenue.

Talking of BFSI segment, the management said that it had entered the year on the back of a very strong year in FY25 plus there is some kind of recalibration happening in the segment owing to rising usage of artificial intelligence. The management said that the low growth in the BFSI sector had nothing to do with the market outlook being cautious and as they enter the second half of FY26, they remain optimistic about growth in the BFSI space.  

The management said that like BFSI, there is no structural issue with growth shown by its top five clients and the pressure on order book primarily is due to artificial intelligence usage and not macroeconomic factors. "These are the customers where we have a relationship of more than 10 years, some of them more than 15, 20 year...So, I absolutely don't see this as a red flag. If we can help our customers to transition this way successfully, there is a lot waiting for us on the other end."

The company's management said it is looking to achieve this by navigating the changes due to artificial intelligence by upskilling employees and change the wage revision timetable of the company. Instead of having one wage hike in one particular quarter for all its employees, LTIMindtree has now decided to have wage hikes spread over two quarters. The first tranche will be effective Jan. 1 and the second one will be on Apr. 1.

"I think we're going through a very significant inflection point in the industry and also within our company. And there are a lot of opportunities on the other side of the inflection point," the management said, adding that it would accelerate the skilling programme for employees.

Talking about the current situation, the management said that the current employee utilisation level of 86-87% was "slightly elevated" and that it is working to get it to a more "comfortable" zone. The management sees nearly 2,600 freshers being deployed in the December quarter. The company said it was looking to hire freshers but did not share any specific numbers.

Thursday, shares of LTI Mindtree closed nearly flat at INR 5,622.50 on the National Stock Exchange.  End

Edited by Deepshikha Bhardwaj

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