LTI Mindtree Q2FY25 Results: Revenue rose by 5.92%YoY

LTI Mindtree is a global provider of digital solutions and technology consulting that helps businesses of all sizes use digital technologies to rethink business models, spur innovation, and optimize growth. In an increasingly convergent world, LTI Mindtree, a digital transformation partner to over 700 clients, contributes deep domain and technological expertise to help drive superior competitive differentiation, customer experiences, and business outcomes. LTI Mindtree, a company of the Larsen & Toubro Group, solves the most difficult business problems and brings about transformation at scale with the support of 84,000+ bright, enterprising professionals spread across more than 30 countries.

Q2 FY25 LTIMindtree results

On October 17, 2024, LTI Mindtree released their Q2 results. The company had a strong showing, with its topline growing by 5.92% YoY. In comparison to the same quarter previous year, the company’s profit increased significantly by 7.68%. The results were just as good when compared to the prior quarter, with profit rising by 10.34% and revenue rising by 3.18%. This upward trend suggests that despite difficult market conditions, operations performed well.

Nonetheless, there was an increase in selling, general, and administrative costs, which increased by 5.87% year over year and 2.16% quarter over quarter. Operational income increased by 2.47% annually and 6.37% sequentially, indicating resilience in the face of expense growth. The second quarter’s earnings per share (EPS) increased 7.66% year over year to Rs. 42.17. The company’s profitability and general financial health are indicated favourably by this increase in EPS.

LTI Mindtree performance

Over the past week, LTI Mindtree has returned 0.76%; over the past six months, it has produced an impressive 36.13%; and year-to-date, it has returned a modest 1.58%. At present, the market capitalization of the company stands at Rs. 189,355.9 crores, with a 52-week high of Rs. 6574.95 and a low of Rs. 4513.55.

LTI Mindtree Ltd share price slips more than 6% today

The stock of LTI Mindtree Ltd. is currently trading at Rs. 5,975.00 per share, down more than 6% since the company released its Q2 FY25 results, which showed improved results when compared to the previous quarter.

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