LTIMindtree Q2 Results: Net profit rises 8% YoY to Rs 1,251 crore, revenue up 6%
LTIMindtree reported 8% year-on-year growth in its consolidated net profit at Rs 1,251 crore in the quarter ended September 2024. Revenue from operations in the reporting period rose 6% year-on-year to Rs 9,433 crore.
The company's board has approved an interim dividend of Rs 20 per share and fixed October 25 as the record date for the same. The said dividend will be paid within 30 days of the announcement.
In dollar terms, revenues for the quarter stood at $1.1 billion, showing a growth of 5% year-on-year and 3% quarter-on-quarter.
The company expects continued deal momentum in key verticals and significant Q2 hiring, including freshers, positioning it well for the latter half of the fiscal.
«Q2 was a good quarter marked by broad-based sequential growth experienced across all our verticals and geos, helping us register a dollar growth of 2.8%. We had several multi-year deal closures, including a $200 million+ deal,» said Debashis Chatterjee, CEO and MD, LTIMindtree.
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