LTIMindtree Q3 net profit slips 7% to Rs 1,085 crore; revenue climbs
IT services company LTIMindtree’s net profit dipped by 7.1% year-on-year (YoY) to Rs 1,086.7 crore in the October to December quarter of current fiscal year 2024-25.
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Profit in the December quarter a year ago stood at Rs 1,169.3 crore. It was lower by 13.2% from Rs 1,251.6 crore in the previous quarter ending September 2024.
Revenue for Q3FY25 grew 7.1% YoY at Rs 9,660.9 crore from Rs 9,016.6 crore in Q3FY24, while sequentially increasing by 2.4% from Rs 9,432.9 crore in the Q2FY25.
“Our differentiated AI strategy has helped us record our highest-ever order inflow of $1.68 billion, laying the foundation for future growth. Our ongoing investments in AI, including new partnerships and specializations, and accolades, support our efforts to continue growing as we enter CY25,” said Debashis Chatterjee, CEO and managing director of LTIMindtree.
The total order intake for the three-month period Q3 was at $1.68 billion, up 29% from $1.3 billion in the previous quarter, which saw flat YoY growth and 7% weaker QoQ.
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