2 weeks Ago By Haripriya Sureban
LTIMindtree Ltd.’s net profit rose 4% sequentially in the fourth quarter to Rs 1,128 crore, as compared to Rs 1,085 crore in the year-ago period, according to the consolidated results declared by the company on Wednesday.The bottomline posted by the IT firm has met the consensus estimate of analysts tracked by Bloomberg.
LTIMindtree's revenue rose marginally by 1% during the quarter under review to Rs 9,772 crore, as against Rs 9,661 crore in the year-ago period. This was also in line with the estimates.The company's board of directors also recommended a final dividend of Rs 45 per share.
LTIMindtree Q4 Results Highlights (Consolidated, QoQ)Revenue up 1% to Rs 9,772 crore (Bloomberg estimate: Rs 9,887 crore).EBIT up 1.2% to Rs 1,345 crore (Estimate: Rs 1,428 crore).
Margin expands to 13.8% versus 13.7% (Estimate: 14.
45%).Net profit up 4% at Rs 1,128 crore (Estimate: Rs 1,171 crore).Before the quarterly results were declared, LTIMindtree's shares rose 5.
6% to Rs 4,538.5 apiece on the BSE, compared to a 0.65% rise in the benchmark Sensex.
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