LTIMindtree Reports Q3FY25 Results: Record Order Inflow Amid Profit Dip

LTIMindtree Reports Mixed Q3FY25 Results

LTIMindtree, India's sixth-largest IT services company, has announced its financial results for the third quarter of fiscal year 2024-25, revealing a mixed performance with notable highlights in order inflow and AI strategy 1

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Financial Performance

The company reported a 7.1% year-on-year (YoY) decline in net profit, which stood at Rs 1,086.7 crore for Q3FY25, down from Rs 1,169.3 crore in the same quarter of the previous year. Sequentially, the profit decreased by 13.2% from Rs 1,251.6 crore in Q2FY25 1

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Despite the profit dip, LTIMindtree's revenue showed growth:

• Q3FY25 revenue: Rs 9,660.9 crore, up 7.1% YoY
• Sequential revenue growth: 2.4% from Q2FY25
• USD revenue: $1.138 billion, representing 1.4% quarter-on-quarter (QoQ) growth and 5.4% YoY growth in constant currency terms 2

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Record-Breaking Order Inflow

A significant highlight of the quarter was the company's highest-ever order inflow:

• Total order intake: $1.68 billion
• 29% increase from $1.3 billion in the previous quarter 1

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Segment Performance

The company experienced varied performance across different segments:

• Banking, Financial Services & Insurance (BFSI): 3.4% sequential growth
• Manufacturing: 8.1% sequential growth
• Tech, Media, and Communications: 5.8% sequential decline 1

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Geographic Performance

• North America: Flat QoQ growth at 0.7%, 8% YoY growth
• Europe: 2.7% sequential decline, marginal 0.3% YoY growth 1

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Workforce and Attrition

LTIMindtree continued to expand its workforce:

• Added 2,362 employees in Q3FY25
• Total headcount: 86,800
• Attrition rate: Decreased to 14.3% from 14.5% in the previous quarter 1

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AI Strategy and Partnerships

CEO Debashis Chatterjee emphasized the company's focus on AI: "Our differentiated AI strategy has helped us record our highest-ever order inflow of $1.68 billion, laying the foundation for future growth." 1

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LTIMindtree has been actively pursuing AI-related initiatives:

• Achieved AWS GenAI competency, strengthening expertise in GenAI on AWS
• Partnered with Microsoft to enhance AI innovation and digital transformation
• Launched a 360-degree solution for Oracle Database Migration to Azure Cloud 2

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Future Outlook

While the company faces challenges such as seasonal weakness in demand and higher furloughs in core markets, its strong order book and AI-focused strategy position it for potential growth. However, LTIMindtree has deferred its margin target of 17-18% until it achieves double-digit revenue growth, citing impacts from US elections and Middle East political tensions 1

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As LTIMindtree enters calendar year 2025, the company remains committed to leveraging its AI investments and partnerships to drive future growth in an evolving IT services landscape.