IT services company LTIMindtree on Thursday reported an 11% growth in its Q1FY26 consolidated net profit to 1,255 crore versus Rs 1,135 crore in the year ago period.
The revenue from operations rose 8% at Rs 9,841 crore versus Rs 9,143 crore in the year ago period.LTIMindtree's profit after tax (PAT) was up by 11.2% on a sequential basis versus Rs 1,129 crore in Q4FY25 while the revenue was marginally up by 0.7% on a sequential basis compared to Rs 9,772 crore.Free cash flow in the quarter under review stood at Rs 761 crore versus Rs 1,005 crore in the year ago period and Rs 764 crore in the January-March quarter of FY2025.
The cash & cash equivalents in Q1FY26 stood at Rs 12,835 crore versus Rs 11,334 crore in Q1FY25 and Rs 13,346 crore in Q4FY25.LTIM's dollar revenue stood at $1,153.3 million, gaining by 5.2% YoY and by 2% QoQ.
The net profit was reported at $147 million which is a 13% QoQ and 8% YoY uptick.The operating margin measured as Earnings Before Interest and Taxes (EBIT) in the quarter under review stood at 14.3%, expanding by 50 bps on a QoQ basis, the company said in a filing to the exchanges.Live EventsCommenting on the earnings, Venu Lambu, CEO & Managing Director said the company had a promising start to the year delivering broad-based growth, expanding margins, and making significant progress on its strategic priorities.
The Fit4Future program, sales transformation efforts, and pivot to AI have enhanced agility and strengthened company's ability to scale for the future.
"While the macroeconomic environment remains challenging, Im confident that our disciplined execution and unwavering client focus will continue to drive our performance, he added.