LTIMindtree Ltd – Q1 FY26 Financial & Business Highlights

• Revenue (in USD): $1,153.3 million in Q1 FY26, up ~2.0% QoQ and ~5.2% YoY. • Revenue (in INR): ₹9,840.6 crore, up ~0.7% QoQ and ~7.6% YoY. • Net Profit After Tax (PAT): ₹1,255 crore, up ~11.2% QoQ and ~10.5% YoY. • EBIT margin: ~14.3%, up ~50 basis points over the previous quarter. • Other financials:   • Gross margin ~29.1% (slightly down YoY, but improving QoQ).   • Effective tax rate ~27.3%.   • EPS (Basic & Diluted): ~₹42.30. • Segment/Client metrics:   • Banking, Financial Services & Insurance vertical continues to contribute significantly (~37% of revenue), showing YoY growth.   • Other verticals like Retail and Healthcare also saw recovery.   • Number of large clients ($5M+ & $10M+) increased YoY. Strengths • Margin improvement despite currency headwinds and cost pressures. • Strong growth in core verticals and broadening client base. • Healthy QoQ and YoY profit growth reinforcing operational stability. • Good visibility ahead with a decent order pipeline. Challenges & Risks • Revenue growth QoQ is modest; dependence on key verticals means exposure to demand cycles in BFSI etc. • Cost pressures remain (employee, forex, working capital, etc.). • Any weakening in international demand or macro headwinds (e.g. inflation, rate hikes) could impact margin resilience. Conclusion LTIMindtree posted a solid Q1 FY26: revenue and profit are rising, margins are holding up (even improving slightly), and the operating model shows resilience. With a broadening client base and improved vertical contributions, outlook is positive. Key things to watch will be how well they manage costs, maintain margin gains, and perform under currency or macroeconomic pressures.