LTIMindtree Q2 Results Total Revenue Reaches ₹9,432.9 Crores

LTIMindtree Q2 Results: The LTIMindtree Q2 results for 2024 show significant growth in various financial metrics. First, the total revenue for Q2 2024 reached ₹9,432.9 crores, marking a year-over-year (YoY) growth of 5.92% compared to ₹8,905.4 crores in Q2 2023. This indicates that LTIMindtree is doing better than last year. The net income also saw a positive change, increasing to ₹1,251 crores in Q2 2024, which is a YoY growth of 7.68% from ₹1,161.8 crores in Q2 2023. This suggests that the company is becoming more profitable compared to the same time last year. Additionally, the earnings per share (EPS) rose to ₹42.17, reflecting a YoY growth of 7.66% from ₹39.17 in Q2 2023.

LTIMindtree’s total revenue increased by 3.18% from ₹9,142.6 crores in Q1 2024. This QoQ growth indicates that LTIMindtree is making progress from one quarter to the next. Overall, LTIMindtree's Q2 2024 results reflect a strong performance, with YoY growth in revenue, net income, and EPS, showing that the company is steadily improving year over year. 

Here’s the summary of LTI Mindtree’s Q2 results for 2024 in table format:

Source: Here 

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LTIMindtree Q2 Results 

LTIMindtree earned ₹94,329 million from its operations in the latest quarter in the income section, which is more than the previous quarter. The total income, including other income sources, reached ₹97,318 million. This shows that the company is growing, as it made more money than in previous years.

LTIMindtree’s spent a total of ₹80,450 million in the latest quarter. This includes various costs like employee salaries, subcontracting, and finance costs. Employee benefits were the highest expense at ₹60,140 million.

After calculating the total income and total expenses, LTIMindtree made a net profit of ₹12,516 million after paying taxes. This profit is important as it indicates the company is making money and doing well. The company also recorded a loss in other comprehensive income but still ended with a total comprehensive income of ₹10,944 million. 

Here's a simplified summary of the Statement of Consolidated Financial Results for the quarter and six months ended September 30, 2024:

LTIMindtree Stock Metrics

This table provides key financial details about LTIMindtree, a major IT company. The Market Cap of ₹1,77,465 Cr shows the total value of the company's shares in the stock market. Its Current Price of ₹5,992 is the price per share as of today. The High / Low range of ₹6,575 / ₹4,514 tells us the highest and lowest prices of the stock in a given period. The P/E ratio of 38.1 shows how much investors are paying for each rupee of earnings. The Book Value of ₹712 reflects the company's net worth per share.

Here's the information presented in table format:

Quarterly Results 

In the quarters of March, June, and September 2024, LTIMindtree showed strong financial performance. In March 2024, the company reported sales of Rs. 8,893 crores and a net profit of Rs. 1,101 crores. By June 2024, sales increased to Rs. 9,143 crores, and net profit rose to Rs. 1,135 crores. In September 2024, sales reached Rs. 9,433 crores, with net profit growing further to Rs. 1,252 crores. The operating profit margin (OPM) remained stable at around 18%. 

Here’s the summary for the quarters March 2024, June 2024, and September 2024:

(Consolidated Figures in Rs. Crores)

About LTIMindtree

LTIMindtree is a company that helps businesses grow and change in today's fast-paced world. They focus on using new technology and skilled people to create better experiences for everyone involved. LTIMindtree works with clients, partners, and communities to break down barriers that prevent progress. Their goal is to help businesses become more sustainable and successful faster than ever before.

LTIMindtree cares about the environment and has a plan to reach net-zero carbon emissions by using renewable energy and promoting waste management. They believe in a circular economy, which means recycling and reusing resources to protect the planet. LTIMindtree wants to create warm and friendly experiences through technology, making sure they have a positive impact on everyone they work with. Their vision is to be a leader in shaping a better future for businesses and communities around the world.