L&T Mindtree’s Q2FY25 Results

• L&T Mindtree reported a 4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended Sept (Q2FY25). On a year-on-year (YoY) basis, it witnessed a growth of 8%.
• Its expenses for the quarter were down by 3% QoQ and 7% YoY.
• The net profit grew 10% QoQ and 8% YoY.
• The earnings per share (EPS) of L&T Mindtree stood at 42.2 during Q2FY25.

L&T Mindtree’s Financial Statements for Q2FY25:

Financials:

Quarter ended Sep 30, 2024 In USD:

• Revenue at $1,126.6 million (+2.8% Q-o-Q / +4.7% Y-o-Y)
• Operating Margin (EBIT) at 15.5%
• Net profit at $149.5 million (+9.8% Q-o-Q / +6.5% Y-o-Y)

In INR:

• Revenue at ₹94,329 million (+3.2% Q-o-Q / +5.9% Y-o-Y)
• Net profit at ₹12,516 million (+10.3% Q-o-Q / +7.7% Y-o-Y)

Other highlights: Clients:

• 742 active clients as of Sep 30, 2024.

People:

• 84,438 professionals as of Sep 30, 2024.
• Added 2,504 in Q2. Trailing 12 months attrition was 14.5%

Management Commentary:

Debashis Chatterjee, Chief Executive Officer and Managing Director:

• Q2 saw broad-based sequential growth across all verticals and geographies, with a 2.8% dollar growth.
• Secured multiple multi-year deals, including a USD 200M+ deal.
• Strong deal momentum and significant Q2 hiring, including freshers, strengthen our position for H2.
• GenAI is driving modernisation with a focus on transforming the data estate.
• Our Data practice and LTIMindtree AI platform position us as key disruptors in the space.

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