One of India’s largest technology services provider is making significant strides in the competitive digital transformation landscape. The company is targeting an ambitious 17-18% margin through innovative approaches. Leveraging cutting-edge technologies like artificial intelligence and automation, they are committed to driving growth and enhancing operational efficiency in an increasingly complex business environment.
Share Price Movement
The share price of LTIMindtree Limited went up by 0.61 percent to Rs. 6,264.85 per share on Wednesday, an increase from its previous close of Rs. 6,227.15 per share. The market capitalisation now stands at approximately Rs. 1,85,554 crore as of November 27, 2024.
Management Guidance
LTIMindtree management is confident about maintaining its strong deal momentum, with a $5 billion pipeline that includes 14 deals worth over $100 million. They expect a continued focus on cost optimisation, which makes up 48% of the pipeline, along with significant transformation deals. The company aims for a 17-18% margin in the near term, supported by AI, automation, and a focus on large deals to drive growth and profitability.
Q2 Financial Highlights
According to its recent filing, in the quarter ending September 2024, LTIMindtree Limited’s consolidated revenue from operations has increased by 5.9 percent YOY from Rs. 8,905 crore in Q2 FY24 to Rs. 9,433 crore in Q2 FY25 and increased by 3.17 percent QoQ from Rs. 9,143 crore in Q4 FY24.
The company’s consolidated net profit has increased by 7.74 percent, from Rs. 1,162 crore in Q2 FY24 to Rs. 1,252 crore in Q2 FY25. As compared to the last quarter of 2025, the company’s net profit has increased by 10.3 percent QoQ from Rs. 1,135 crore.
Also read….
Market Outlook
The industry outlook for India’s IT and technology sector appears quite positive. Key highlights include robust talent demand, with top IT firms expected to offer 1.05 lakh job opportunities due to increasing demand; India’s IT and business services market projected to reach $19.93 billion by 2025, indicating strong growth potential; the IT spending in India estimated to record a double-digit growth of 11.1% in 2024, reaching $138.6 billion
Indian IT firms having a global footprint with delivery centres across the world and a well-diversified industry across verticals like BFSI, telecom, and retail; and increasing strategic alliances between domestic and international players to deliver solutions globally. Overall, the industry showcases a strong global footprint, diversification, and supportive government policies, positioning it for continued growth and competitiveness.
Shareholding Pattern
As of the November 2024 shareholding pattern, LTIMindtree Limited is primarily held by the promoters at 68.6 percent, foreign institutional investors hold 7.39 percent, and the public with 9.09 percent.
About Company
LTIMindtree Limited, a global technology consulting and digital solutions provider, is headquartered in Mumbai, India. The company formed from the merger of Larsen & Toubro Infotech (LTI) and Mindtree in 2022. It focuses on empowering businesses across industries by facilitating their digital transformation.
Founded in 1996 as L&T Information Technology, LTIMindtree has grown significantly over the years. The company offers a range of services, including digital transformation consulting, cloud solutions, data analytics, enterprise application services, and software testing. Operating in over 50 countries, it serves more than 728 clients across various sectors such as banking, healthcare, and manufacturing.
Since its merger, LTIMindtree has experienced remarkable financial growth, boosting its position as one of India’s leading IT service providers. With its expanded service offerings and innovative solutions, the company continues to drive transformation for clients, contributing to long-term sustainable growth in the rapidly evolving tech landscape.
Written By Fazal Ul Vahab C H
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
Start Your Stock Market Journey Today!
Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!
