Particle.news
Download on the App Store
8 ARTICLES
·
4d ago

LTIMindtree Reports Modest Q4 Growth, Announces ₹45 Dividend

The IT firm posted a 2.5% YoY profit increase and 9.9% revenue growth, with $1.6 billion in AI-driven deal wins, despite challenges in healthcare and consumer segments.

Figurines with computers and smartphones are seen in front of LTIMindtree logo in this illustration taken, February 19, 2024. REUTERS/Dado Ruvic/Illustration
Image
Image
Image

Overview

  • LTIMindtree recorded a Q4 profit of ₹1,128.60 crore, a 2.5% year-on-year rise, and revenue of ₹9,771.70 crore, up 9.9% YoY but slightly below analyst expectations.
  • The company maintained a stable EBIT margin of 13.8% for the quarter, unchanged from the previous quarter.
  • AI-led deal wins contributed $1.6 billion in new orders during Q4, reflecting the firm's strategic focus on AI integration across services.
  • Revenue from healthcare and consumer segments declined by 16.2% and 1.9% respectively, while BFSI grew by 12%, highlighting mixed performance across verticals.
  • The board proposed a ₹45 per share final dividend, pending approval at the upcoming AGM, as part of its capital return strategy.