LTIMindtree Q1 results: Net profit rises over 3% QoQ to Rs 1,151.5 crore

LTIMindtree Q1 numbers: LTIMindtree on Monday reported a net profit of Rs 1,151.5 crore for the June 2023 quarter (Q1FY24), up 3.39 per cent on a sequential basis. The company posted a profit of Rs 1,113.7 crore in the March 2023 quarter. On a year-on-year (YoY) basis, the profit grew 4.15 per cent. 

Revenue from operations came in at Rs 8,702.1 crore, up 0.12 per cent QoQ against Rs 8,691 crore logged in the preceding quarter. On a YoY basis, revenue grew 13.8 per cent. Total income for the quarter under review stood at Rs 8,833.7 crore, up 0.87 per cent QoQ and 12.9 per cent YoY.

Revenue in US dollar terms increased 0.1 per cent QoQ to $1,058.7 million. On a YoY basis, it grew 8.1 per cent. Earnings before interest and tax (EBIT) stood at Rs 1,450.8 crore, up 2.1 per cent QoQ and 9.3 per cent YoY, the earnings presentation showed.

Source: Earnings release

The shares of the company ended 0.78 per cent higher at Rs 5,133.95 apiece on the BSE.