2 weeks Ago
IT services company LTIMindtree reported 2% year-on-year (YoY) growth in its consolidated net profit at Rs 1,129 crore in the fourth quarter, while revenue from operations increased 10% YoY to Rs 9,772 crore. The Board has also recommended a final dividend of Rs 45 per equity share of Re 1 each, for approval of members at the ensuing annual general meeting.On a sequential basis, PAT growth stood at 4%, while revenues grew by a marginal 1% quarter-on-quarter.
Revenues in constant currency terms rose 6% YoY in the January-March 2024 period, while in dollar terms, revenues increased 6% YoY. EBIT margins for the fourth quarter declined to 13.8% as against 14.
7% in the year-ago period. Meanwhile, gross margins too fell 27.9% from 29.
8% a year-ago.The company concluded FY25 with a revenue growth of 5% in constant currency terms and an EBIT margin of 14.5%.
Our key verticals and a major geography drove our yearly growth despite an ongoing challenging macro environment. The robust order inflow, driven by a significant array of AI-led deal wins, illustrates the pervasive integration of AI across our service offerings, said Debashis Chatterjee, CEO and MD, LTIMindtree..
