L&T Mindtree’s Q1FY25 Quarter Results
L&T Mindtree’s revenue grew 6% YoY
- 19 Jul 2024
- L&T Mindtree reported a 3% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6%
- Its expenses for the quarter were up by 3% QoQ and 7% YoY.
- The net profit increased 3% QoQ and decreased 1% YoY.
- The earnings per share (EPS) of L&T Mindtree stood at 38.2 during Q1FY25.
L&T Mindtree’s Financial Statements for Q1FY25:
Total income | 8,834 | 9,101 | 9,370 | 3% | 6% |
Total expenses | 7,297 | 7,652 | 7,844 | 3% | 7% |
Profit before tax | 1,536 | 1,448 | 1,526 | 5% | -1% |
Tax | 384 | 348 | 391 | 12% | 2% |
Profit after tax | 1,152 | 1,101 | 1,135 | 3% | -1% |
Earnings per share | 38.9 | 37.1 | 38.2 |
Financials:
- Net Profit: Decreased 1.5% YoY to Rs 1,135 crore (Q1FY25) from Rs 1,152 crore (Q1FY24); Increased 3% QoQ.
- Revenue: Rose 5% YoY to Rs 9,142 crore (Q1FY25) from Rs 8,702 crore (Q1FY24) exceeded estimates of Rs 9,030 crore.
- EBIT Margin: Improved to 15% (Q1FY25) from 14.7% in the previous quarter, down from 16.7% in Q1FY24.
- Estimates: Net profit closely matched estimates of Rs 1,138 crore.
- Dividend: ₹45 per equity share.
Management Commentary:
Debashis Chatterjee, Chief Executive Officer and Managing Director said, “While the environment remains unchanged, fiscal year 2025 started on a positive note for us with Q1FY25 revenue of USD 1.1 billion, registering a 2.5% QoQ and 3.5% YoY revenue growth in USD terms. Our Q1FY25 EBIT expanded to 15%, and order inflow remained stable at USD 1.4 billion. Our top 3 industry verticals and our largest geography have performed well sequentially. This is attributed to a measured uptick in IT spending for critical initiatives with clients balancing innovation and fiscal prudence.”
Data Source: BSE, Company announcements
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