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. The Company is a public limited company incorporated and domiciled in India and has its registered office at L&T House, Ballard Estate, Mumbai – 400 001, Maharashtra, India. The Company’s equity shares are listed on the National Stock Exchange of India Limited and BSE Limited in India.
Business segments:
Banking, Financial Services & Insurance: 36% in Q3 FY25 vs 37% in FY23
Technology, Media & Communications: 24% in Q3 FY25 vs 24% in FY23
Manufacturing & Resources: 19% in Q3 FY25 vs 17% in FY23
Consumer Business: 14% in Q3 FY25 vs 15% in FY23
Healthcare, Life Sciences & Public Services: 6% in Q3 FY25 vs 6% in FY23
Shareholding Pattern (December 2024):
Financial Summary:
Synopsis of Financials:
- INR revenue ₹10,781cr (+3.7% QoQ, +11.6% YoY).
- PAT (adjusted): ₹1,401cr (+1.5% QoQ, +29% YoY)
- PAT (reported, post labor code impact): ₹959cr; EPS ₹32.8 (vs ₹47.3 in Q2).
Final Outlook:
Summary:
LTIMindtree is a stable and well-managed IT company with consistent revenue and profit growth. The company has strong clients, good cash reserves, and improving deal wins. However, margin pressure due to salary hikes and normal slowdown in global IT spending may limit sharp upside in the short term. Overall, the company is financially strong but currently in a moderate growth phase rather than a high-growth phase.
Recent Performance (Q3 FY26 – Simple View):
- Revenue: ₹10,781 Cr (11.6% YoY growth)
- Adjusted PAT: ₹1,401 Cr (strong growth YoY)
- Reported PAT lower due to one-time labor law impact
- Order intake: USD 1.7 billion, showing good demand
- Cash & investments: ₹14,558 Cr, very strong balance sheet
