LTIMindtree Limited
Larsen & Toubro Infotech Ltd offers extensive range of IT services like application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions, and platform-based solutions to the clients in diverse industries. LTI and Mindtree Ltd (Mindtree), on May 06, 2022, announced the proposal to merge Mindtree into LTI through a scheme of amalgamation as approved by the respective boards of the companies.
Business segments
The company provides a wide range of IT services such as application development maintenance (ADM), enterprise solutions, infrastructure management services, testing, analytics & artificial intelligence.
- ADM & Testing – 34%
- Enterprise Solutions – 31%
- Cloud Infra & Security – 14%
- Analytics, AI & Cognitive – 12%
- Enterprise Integration & Mobility – 9%
Shareholding Pattern
-PUBLIC GROUP
-PROMOTER GROUP
Financial Summary
| Particulars | March 2022 | March 2023 | March 2024 |
| Sales | 26,109 | 33,183 | 35,517 |
| Sales Growth % | 111.07% | 27.10% | 7.03% |
| Expenses | 20,860 | 27,075 | 29,130 |
| Operating Profit | 5,249 | 6,108 | 6,387 |
| OPM % | 20% | 18% | 18% |
| Net Profit | 3,950 | 4,410 | 4,585 |
| EPS in Rs | 225.27 | 149.02 | 154.72 |
Synopsis of Financials
For Q3 increased by 1.8% sequentially and 5.6% year-over-year in constant currency, reaching US$1.14 billion.
Year-over-year growth observed across all verticals, particularly strong in the BFSI vertical.
EBIT margin for the quarter was 13.8%, down from 15.5% in Q2, primarily due to wage hikes impacting margins by approximately 200 basis points.
Final Outlook
LTIMindtree Ltd, trading at ₹4,663, has underperformed with a -8.19% return in the past year. Q3 FY25 revenue grew 7.1% YoY to ₹96,609M. Backed by L&T, its AI and cloud focus drive long-term growth. While slower than TCS/Infosys, it remains a HOLD for 3-5 years with a target of ₹6,500+. Ideal entry: ₹4,500-₹4,600.
For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 9731.80 crore, up 3.86 % from last quarter Total Income of Rs 9369.70 crore and up 7.55% from last year same quarter Total Income of Rs 9048.60 crore. The company has reported net profit after tax of Rs 1251.60 crore in the latest quarter.
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