LTIMindtree Q1 profit beats estimates, revenue at ₹9,840.6 crore

LTIMindtree Q1 profit beats estimates, revenue at ₹9,840.6 crore -

1) LTIMindtree reported a strong Q1 FY26 with a net profit of ₹1,254 crore, beating estimates by 11.2% QoQ. Revenue grew 0.7% QoQ to ₹9,840.6 crore, and EBIT margin expanded to 14.3%, signaling improved operational efficiency. 2) Revenue for the quarter reached ₹9,840.6 crore, an increase of 0.7% from ₹9,771.7 crore in the previous quarter and broadly in line with the CNBC-TV18 poll estimate of ₹9,836 crore. 3) In dollar terms, LTIMindtree revenue for the quarter was $1,153.3 million, representing a 2.0% increase quarter-on-quarter and a 5.2% rise year-on-year. Operating margin expanded by 50 basis points to 14.3%, and net profit grew 12.6% sequentially to $147 million, an 8.0% increase compared to the same quarter last year. 4) The company’s earnings before interest and tax (EBIT) rose 4.5% quarter-on-quarter to ₹1,406.5 crore, although this fell slightly short of the CNBC-TV18 poll estimate of ₹1,411 crore. Meanwhile, the EBIT margin improved to 14.3%, up from 13.8% in the previous quarter, meeting analyst forecasts and signalling enhanced cost efficiency. 5) Results are better than expected 6) All this is for information. 7) This is not a buy/sell recommendation. Thank you, Technofunda24