BlogbusinessLTIMindtree Limited

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

ParticularsMarch 2022March 2023March 2024
Sales 26,10933,18335,517
Sales Growth %111.07%27.10%7.03%
Expenses20,86027,07529,130
Operating Profit5,2496,1086,387
OPM %20%18%18%
Net Profit3,9504,4104,585
EPS in Rs225.27149.02154.72

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.

LT-Mindtree-PDF-Report


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CIN: U65929HR2022PTC100418
AMFI Registration Number (ARN): 270300

Location

Corporate Office: 25A, Tower B2, Spaze I-Tech Park, Sector 49, Sohna Road, Gurgaon, Haryana, India: 122018

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