LTIMindtree reports 7% decline in Q3 net profit; revenue up 7%

LTIMindtree, a Larsen & Toubro-owned tech firm based in Bengaluru, reported a 7.1% year-on-year dip in its net profit for the third quarter ended December. The quarter saw its profit reduce to ₹1,085.4 crore as against ₹1,168.9 crore in the same period a year ago. Its revenue at ₹9,660.9 crore grew 7.1% from ₹9,016.6 crore in the same period last year.

‘’Our ongoing investments in AI, including new partnerships and specialisations, and accolades, support our efforts to continue growing as we enter CY25,’‘ said Debashis Chatterjee, CEO and MD, LTIMindtree.

Commenting on revenue growth in dollar terms, he said the company’s differentiated AI strategy and new partnerships helped the company record highest-ever order inflow of $1.68 billion in the quarter. “We closed Q3FY25 with a revenue of $1.14 billion, registering a sequential growth of 1.8% in constant currency and 1.1% in USD terms,’‘ Mr. Chatterjee added.

According to him, BFSI, which grew 7.5% annually, was the strongest vertical for the company in Q3, while technology, media and communications too grew year-on-year. The company also reported some growth in consumer business and healthcare, life science and public services businesses.

LTIMindtree had 86,800 professionals as of December 31, 2024 and it added 2,362 in the quarter.