LTIMindtree Ltd's Q3FY25 Quarterly Results

Result Summary

• LTIMindtree Ltd reported a 1.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6.9%.
• Its expenses for the quarter were up by 4.4% QoQ and 9.2% YoY.
• The net profit decreased 13.2% QoQ and decreased 7.1% YoY.
• The earnings per share (EPS) of LTIMindtree Ltd stood at 36.6 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

LTIMindtree Ltd is a global technology consulting and digital solutions company, resulting from the merger of Larsen & Toubro Infotech (LTI) and Mindtree. The company is known for its expertise in providing IT services, including cloud services, data analytics, application development, and digital transformation solutions. LTIMindtree serves a diverse array of industries, including banking, financial services, insurance, manufacturing, energy, and healthcare. The company focuses on leveraging technology to solve complex business challenges for its customers. As of the latest available data, no specific recent major developments were provided for LTIMindtree Ltd.

Revenue

For the third quarter of fiscal year 2025 (Q3FY25), LTIMindtree Ltd reported a total income of ₹9873.40 crores, up from ₹9731.80 crores in the previous quarter (Q2FY25), reflecting a quarter-over-quarter (QoQ) increase of 1.5%. When compared to the same quarter in the previous fiscal year (Q3FY24), the total income showed a year-over-year (YoY) increase of 6.9%, from ₹9236.10 crores. This growth in revenue demonstrates the company's ability to enhance its income generation over both the quarter and the year, highlighting its ongoing business operations and market demand.

Profitability

The company's profitability metrics for Q3FY25 reveal a profit before tax of ₹1472.50 crores, which is a decrease from ₹1686.80 crores in Q2FY25, marking a QoQ decline of 12.7%. Compared to Q3FY24, the profit before tax also decreased by 4.7% from ₹1544.70 crores. The tax expense for Q3FY25 was ₹385.80 crores, down from ₹435.20 crores in Q2FY25, indicating an 11.4% QoQ reduction, but it rose by 2.8% YoY from ₹375.40 crores. Profit after tax for Q3FY25 stood at ₹1086.70 crores, down from ₹1251.60 crores in the previous quarter, showing a 13.2% QoQ decline, and also a 7.1% YoY decrease from ₹1169.30 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 was ₹36.60, a decline from ₹42.20 in Q2FY25 and ₹39.40 in Q3FY24, reflecting a similar pattern in profitability changes.

Operating Metrics

The financial data shows changes in various operating metrics over the periods analyzed. Total expenses for Q3FY25 were ₹8400.90 crores, representing an increase of 4.4% from ₹8045.00 crores in the previous quarter and a 9.2% rise from ₹7691.40 crores in Q3FY24. The increase in expenses is notable for both the QoQ and YoY comparisons, indicating higher operational costs. The profit margin, which is derived from profit after tax relative to total income, reflects the income retained from each unit of revenue. In Q3FY25, the company saw a reduction in profit margins, consistent with the declines in profit before tax and profit after tax over the same periods. These operating metrics provide insight into the company's cost management and its impact on overall financial performance.