Net Profit for LTIMindtree Q4 Drops 1.2% to Rs 1,100.7 Crore
LTIMindtree, an Indian IT business, said on Wednesday that its consolidated net profit for the March quarter decreased by 1.2% to Rs 1,100.7 crore. At the same time last year, the business reported a net profit of Rs 1,114.1 crore.
According to a BSE report, revenue from operations was estimated to have reached Rs 8,892.9 crore in the fourth quarter of FY24, up 2.32 percent from Rs 8,691 crore in the same time last year. During the whole fiscal year of 2024, the net profit increased by 4% to Rs 4,584.6 crore.
According to the report, the total income from operations for FY24 was Rs 35,517 crore, which was 7.03% more than the previous fiscal year. CEO and Managing Director of LTIMindtree Debashis Chatterjee said in a statement, “We closed FY24 amidst a tough macro environment and delivered a resilient performance with full-year revenue growth of 4.4 percent in USD terms and an EBIT margin of 15.7%.”
According to him, the company’s order intake for the whole year was USD 5.6 billion, representing a rise of 15.7% over FY23. This expansion is a direct result of our organization’s posture as one with size, more capabilities, and more extensive collaborations. We are thrilled to be a part of the innovations, collaborations, and projects that our clients will take on in FY25 as the market dynamics change,” Chatterjee said.
