L&T Mindtree’s Q2FY25 Results
L&T Mindtree’s revenue grew 8% YoY
- 21 Oct 2024
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- 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:
| (₹ crores) | Q2FY24 | Q1FY25 | Q2FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 9,049 | 9,370 | 9,732 | 4% | 8% |
Total expenses | 7,529 | 7,844 | 8,045 | 3% | 7% |
Profit before tax | 1,519 | 1,526 | 1,687 | 11% | 11% |
Tax | 357 | 391 | 435 | 11% | 22% |
Profit after tax | 1,162 | 1,135 | 1,252 | 10% | 8% |
Earnings per share | 39.2 | 38.2 | 42.2 |
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
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