Increased Profits for LTIMindtree: Q1 earnings surge by 10.61%, reaching Rs 1,254.10 crore; order book valued at $1.6 billion
In a recent financial update, LTIMindtree, a leading IT services company, reported its Q1FY26 results, showing a strong performance across various key indicators.
The company's revenue from operations for Q1FY26 stood at Rs 9,840.60 crore, marking a 7.6% increase year-on-year. In US dollar terms, this translates to $1,153.3 million, with a 5.2% increase compared to the same quarter of the previous financial year.
LTIMindtree's net profit for Q1FY26 was $147.0 million, up 8% year-over-year, and in Indian rupees, this amounts to Rs 1,254.10 crore, an increase of 10.61% compared to Rs 1,133.80 crore in Q1FY25.
Venu Lambu, CEO and Managing Director of LTIMindtree, expressed satisfaction with the company's performance, stating, "We had a promising start to the year, delivering broad-based growth, expanding margins, and making significant progress on strategic priorities."
The company's operating margin (EBIT) for Q1FY26 was reported at 14.3%.
In terms of client growth, the number of $10 million+ clients increased by 3 year-on-year, totaling 90, while the number of $1 million+ clients increased by 14 year-on-year, totaling 404. Notably, the number of $5 million+ clients increased by 11 year-on-year, totaling 159, and the number of $50 million+ clients increased by 2 year-on-year, totaling 14.
As of June 30, 2025, LTIMindtree had a total of 741 active clients.
Interestingly, a CNBC TV18 poll had predicted a higher profit figure of Rs 1,197 crore and revenue of Rs 9,836 crore for Q1FY26, but the company fell short of both estimates.
In addition, the LTIMindtree board has approved the issue of 67,252 new shares to the LTIMindtree Employee Welfare Trust. These shares, valued at Re 1 each, will be transferred to eligible employees upon exercise of options.
The trailing 12-month attrition stood at 14.4%, and utilization (ex-trainees) came in at 88.1% at the end of Q1FY26.
The company recorded EBIT at Rs 1,406.5 crore in Q1FY26. The new shares issued will not have any dilutive impact on the earnings per share for the financial year ending March 2026, as they are being issued at a premium to the current market price.
These results reflect LTIMindtree's ongoing commitment to growth and profitability, demonstrating the company's resilience in the face of economic challenges and its ability to deliver strong financial performance.
- The financial update by LTIMindtree also highlighted their expansion in the digital finance sector, as they announced a strategic foray into decentralized finance (defi) solutions for their business clients with the help of advanced technology.
- In the rapidly evolving technology market, LTIMindtree's Q1FY26 results underscored their strong position, with a significant increase in the number of clients in various business segments, including those who contribute millions of dollars to their revenue.
- As technology continues to reshape the finance and business landscape, LTIMindtree's successful performance in Q1FY26 serves as a testament to the potential of strategic partnerships, as they are set to explore synergies with other market leaders in the technology and finance industry.
