LTIMindtree to report Q4 results today; here is what investors can expect

LTIMindtree Q4 FY24 Results Preview, LTIMindtree share price: LTIMindtree, the country's fifth largest IT company by market value, is all set to report its financial results for the quarter as well as the year ended March 31 on Wednesday, April 25. Analysts expect the Mumbai-headquartered IT firm to stage a tepid performance for the final three months of the last financial year, owing to the impact of furloughs on growth, though robust numbers from its manufacturing vertical may aid its profitability. 

According to Zee Business research, LTIMindtree is likely to register a consolidated net profit of Rs 1,150 crore for the January-March period, which translates into a decline of 1.6 per cent compared with the previous quarter. The analysts expect the IT firm's revenue to decline 1.0 per cent or 0.8 per cent sequentially to Rs 8,930 crore or $1,075 million, respectively. They estimate LTIMindtree to log a decline of 1.0 per cent in revenue in constant currency.   

The IT firm's March-quarter earnings before interest and taxes (EBIT) are pegged at Rs 1,340 crore, according to the research.

LTIMindtree's margin, a key measure of profitability, is estimated to be at 15.0 per cent for the March quarter, as against 15.4 per cent three months ago, according to Zee Business analysts. 

 According to IDBI Capital, the IT firm is estimated to register a 10 per cent quarter-on-quarter drop in net profit to Rs 1,052.4 crore. Analysts at the brokerage estimate LTIMindtree's dollar revenue at $1,073 million for the March quarter as against $1,084 million for the previous three months. 

IDBI Capital, which has a 'sell' rating on LTIMindtree with a target of Rs 5,660 per share, pegs LTIMindtree's fourth-quarter EBIT margin at 14 per cent, down 120 bps sequentially. 

LTIMindtree Q4 Results: What to track 

Investors will closely track the company's revenue as well as margin guidances, and the management's commentary on the deal pipeline. 

LTIMindtree shares: Past performance 

As of April 23, LTIMindtree shares have grown 13.2 per cent in the past year, underperforming upmoves of about 27 per cent each in the Nifty50 and Nifty IT indices. 

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