IT services company LTIMindtree reported 2% year-on-year (YoY) growth in its consolidated net profit at Rs 1,129 crore in the fourth quarter, while revenue from operations increased 10% YoY to Rs 9,772 crore.
The Board has also recommended a final dividend of Rs 45 per equity share of Re 1 each, for approval of members at the ensuing annual general meeting.
On a sequential basis, PAT growth stood at 4%, while revenues grew by a marginal 1% quarter-on-quarter.
Revenues in constant currency terms rose 6% YoY in the January-March 2024 period, while in dollar terms, revenues increased 6% YoY.
EBIT margins for the fourth quarter declined to 13.8% as against 14.7% in the year-ago period. Meanwhile, gross margins too fell 27.9% from 29.8% a year-ago.
The company concluded FY25 with a revenue growth of 5% in constant currency terms and an EBIT margin of 14.5%.
"Our key verticals and a major geography drove our yearly growth despite an ongoing challenging macro environment. The robust order inflow, driven by a significant array of AI-led deal wins, illustrates the pervasive integration of AI across our service offerings," said Debashis Chatterjee, CEO and MD, LTIMindtree.
Segment wise, revenue from the BFSI segment clocked 12% YoY growth, while technology and media segment increased 2%. Manufacturing services recorded a revenue growth of 13%, while consumer and healthcare businesses faced a slump.
LTIMindtree clocked deals worth $1.6 billion in the reporting fourth quarter, which is higher than that of $1.43 billion in the same quarter last year.
Chatterjee added that Venu Lambu’s transition to LTIMindtree has been seamless and supports the company's strategic goals. "His growing understanding of the organisation, combined with our ability to secure large deals, strong presence in tech-intensive sectors, and robust balance sheet, positions us well to leverage the opportunities ahead of us."
On Wednesday, ahead of the results, LTIMindtree shares closed 5% higher at Rs 4,537.9 on NSE.
The Board has also recommended a final dividend of Rs 45 per equity share of Re 1 each, for approval of members at the ensuing annual general meeting.
On a sequential basis, PAT growth stood at 4%, while revenues grew by a marginal 1% quarter-on-quarter.
Revenues in constant currency terms rose 6% YoY in the January-March 2024 period, while in dollar terms, revenues increased 6% YoY.
EBIT margins for the fourth quarter declined to 13.8% as against 14.7% in the year-ago period. Meanwhile, gross margins too fell 27.9% from 29.8% a year-ago.
The company concluded FY25 with a revenue growth of 5% in constant currency terms and an EBIT margin of 14.5%.
"Our key verticals and a major geography drove our yearly growth despite an ongoing challenging macro environment. The robust order inflow, driven by a significant array of AI-led deal wins, illustrates the pervasive integration of AI across our service offerings," said Debashis Chatterjee, CEO and MD, LTIMindtree.
Segment wise, revenue from the BFSI segment clocked 12% YoY growth, while technology and media segment increased 2%. Manufacturing services recorded a revenue growth of 13%, while consumer and healthcare businesses faced a slump.
LTIMindtree clocked deals worth $1.6 billion in the reporting fourth quarter, which is higher than that of $1.43 billion in the same quarter last year.
Chatterjee added that Venu Lambu’s transition to LTIMindtree has been seamless and supports the company's strategic goals. "His growing understanding of the organisation, combined with our ability to secure large deals, strong presence in tech-intensive sectors, and robust balance sheet, positions us well to leverage the opportunities ahead of us."
On Wednesday, ahead of the results, LTIMindtree shares closed 5% higher at Rs 4,537.9 on NSE.
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