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Q1FY24 Quarterly Result Announced for LTIMindtree Ltd.

IT Consulting & Software company LTIMindtree announced Q1FY24 results: Financial Highlights: In USD: Revenue at USD 1,058.7 million (growth of 0.1% QoQ / 8.1% YoY) Net profit at USD 140.1 million (growth of 3.4% QoQ / decline of 1.2% YoY) In INR: Revenue at Rs 87,021 million (growth of 0.1% QoQ / 13.8% YoY) Net profit at Rs 11,523 million (growth of 3.4% QoQ / 4.1% YoY) Client Additions: 723 active clients as of June 30, 2023 USD 5 million+ clients increased by 18 on a YoY basis, total 148 USD 10 million+ clients increased by 9 on a YoY basis, total 88 USD 50 million+ clients increased by 3 on a YoY basis, total 13 People: 82,738 professionals as of June 30, 2023 Trailing 12 months attrition was 17.8% Debashis Chatterjee, Chief Executive Officer and Managing Director, LTIMindtree, said, “During the first quarter of FY24, LTIMindtree delivered 8.2% YoY revenue growth in Constant Currency. Our key verticals BFSI, Manufacturing & Resources, and Hi-Tech, Media, and Entertainment which make up 75% of our revenues performed well. Our strategic programs are bearing fruit and are evident in the upward movement across our client buckets. The order inflow continued to increase and reached USD 1.41 billion in this quarter. Our operational rigor helped us achieve an EBIT of 16.7% and PAT of 13.2%”. Result PDF
17-07-2023
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