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Informist, Monday, Jan. 19, 2026

 

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--LTIMindtree Oct-Dec consol net profit INR 9.71 bln 
--Analysts saw LTIMindtree Oct-Dec consol net profit INR 14.21 bln 
--LTIMindtree Oct-Dec consol revenue INR 107.81 bln 
--Analysts saw LTIMindtree Oct-Dec consol revenue INR 107.25 bln 
--LTIMindtree Oct-Dec consol PAT INR 9.71 bln vs INR 14.01 bln qtr ago 
--LTIMindtree Oct-Dec consol sales INR 107.81 bln vs INR 103.94 bln qtr ago 
--LTIMindtree Oct-Dec net profit includes one-time cost of INR 5.90 bln 
--LTIMindtree: Incurred one-time cost INR 5.9 bln on impact of labour codes 
--LTIMindtree Oct-Dec profit excluding exceptional cost INR 15.61 bln 
--LTIMindtree Apr-Dec consol PAT INR 36.26 bln vs INR 34.70 bln year ago 
--LTIMindtree Apr-Dec consol sales INR 310.16 bln vs INR 282.36 bln yr ago 
--LTIMindtree Oct-Dec consol revenue up 2.4% on qtr in constant currency 
--LTIMindtree Oct-Dec consol revenue up 5.2% on yr in constant currency 
--LTIMindtree Oct-Dec consol operating EBIT margin 16.1%, up 20 bps on qtr
--LTIMindtree Oct-Dec order inflow $1.69 bln vs $1.59 bln qtr ago
--LTIMindtree Oct-Dec total headcount 87,958 vs 86,447 qtr ago
--LTIMindtree Trailing 12-month attrition 13.8% vs 14.2% qtr ago
--LTIMindtree Active clients 746 as on Dec 31 vs 749 qtr ago
--LTIMindtree Q3 BFSI sales down 0.7% QoQ in dollar terms, up 2.3% YoY
--LTIMindtree Oct-Dec tech, media, comm sales flat QoQ in dollar terms
--LTIMindtree Oct-Dec mfg, resources sales up 9.4% QoQ in dollar terms
--LTIMindtree Q3 N America sales up 0.4% QoQ in dollar terms, up 3.4% YoY
--LTIMindtree Q3 Europe sales up 3.4% QoQ in dollar terms, up 13.8% YoY
--LTIMindtree Oct-Dec rest of the world sales up 14.1% QoQ in dollar terms
--LTIMindtree Oct-Dec utilisation excluding trainees 86.9% vs 88.1% qtr ago

 

By Arya S. Biju and Simran Rede

 

MUMBAI – LTIMindtree Ltd. reported subdued earnings for the December quarter with the company failing to meet the Street view for its bottom line despite revenue coming in line with estimates. The company reported the sharpest sequential fall in its bottom line in 15 quarters, dragged down by a one-time cost of INR 5.90 billion due to the new labour codes.

 

The technology consulting and digital solutions company's consolidated net profit for the December quarter fell around 31% sequentially and 11% on year to INR 9.71 billion, missing analysts' expectations of INR 14.21 billion by a wide margin. Adjusted for the one-time cost due to the new labour codes, the company's consolidated net profit for the quarter was INR 15.61 billion, way higher than what analysts had expected. 

 

Based on the requirements of the new labour codes, which came into effect on Nov. 21, the company has estimated the liability for employee benefits, which has resulted in an incremental expense, on account of recognition of past service costs, the company said. Under the new codes, basic pay must account for at least 50% of an employee's total cost to the company. As a result, payouts tied to statutory contributions such as gratuity and leave-related benefits are set to increase for companies. 

 

The compnay's consolidated revenue for the quarter rose around 4% sequentially to INR 107.81 billion, in line with the Street's view of INR 107.25 billion. On a year-on-year basis, its revenue rose around 12%, the highest in 10 quarters. 

 

In dollar terms, the company's revenue for the quarter rose over 2% sequentially and 6% on year to $1.21 billion, slightly above the $1.20 billion estimated by the Street. In constant currency terms, its revenue for the quarter rose 2% sequentially and over 5% on year. 

 

For the nine months ended December, the company reported a consolidated net profit of INR 36.26 billion, up 4.5% on year. Its revenue for the period grew around 10% on year to INR 310.16 billion. 

 

The company's earnings before interest and tax margin for the reporting quarter expanded 20 basis points sequentially to 16.1%. "Our strong Q3FY26 performance reflects the impact of our strategic AI (artificial intelligence) pivot, continued success in large deals, and operational excellence, supported by our proactive efforts to build a more resilient and balanced portfolio," Venu Lambu, chief executive officer and managing director of the company, said in a post-earnings press release. "This marks our third consecutive quarter of 2%+ growth, highlighting our disciplined execution, deep tech-domain expertise, and differentiated AI-led offerings," Lambu added. 

 

The IT major's order inflow for the December quarter was $1.69 billion, up from $1.59 billion in the trailing quarter and $1.68 billion in the year-ago quarter. This was also better than the total deal contract value of $1.4 billion to $1.6 billion estimated by the Street. 

 

In dollar terms, revenue from the company's largest vertical, banking, financial services and insurance, fell around 1% sequentially but rose over 2% on year. Sales from the technology, media and communications segment, which contributed to over 22% of the company's total sales, remained flat on quarter but fell around 1% on a year-on-year basis in dollar terms.

 

On other hand, revenue in dollar terms from its manufacturing and resources segment rose over 9% sequentially and 14% on year and those from the consumer business grew over 1% sequentially and around 15% on year. Revenue in dollar terms from the company's healthcare, life sciences and public services segment, which contributed only 6.5% of the total sales, grew 10% on quarter and 9% on year. 

 

 

For the reporting quarter, revenue from the company's operations in North America grew 0.4% sequentially and 3.4% on year in dollar terms. Its revenue from Europe rose 3.4% sequentially and 13.8% on year in dollar terms. Sales from the rest of the world increased 14.1% on quarter and 14.4% on year in dollar terms. 

 

LTIMindtree's employee utilisation excluding trainees fell to 86.9% for the reporting quarter from 88.1% in the trailing quarter. The employee headcount was 87,958 as of Dec. 31, up from 86,447 as of Sept. 30 and 86,800 at the end of the corresponding quarter a year ago. The 12-month attrition was 13.8% as of Dec. 31, down from 14.2% a quarter ago and 14.3% a year ago. As of Dec. 31, the company had 746 active clients, losing 3 clients from the trailing quarter.  

 

LTIMindtree announced its December quarter earnings after market hours Monday. Shares of the company closed nearly 2% higher at INR 6,407 on the National Stock Exchange.  End

 

US$1 = INR 90.91

 

Edited by Akul Nishant Akhoury

 

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