Today is LTIMindtree’s Q4 earnings announcement; here’s what investors might anticipate

Preview of LTIMindtree’s Q4 FY24 results and share price: On Wednesday, April 25, LTIMindtree, the nation’s fifth-largest IT business based on market value, is scheduled to release its financial results for the quarter and the full year that concluded on March 31. Due to the effect of furloughs on growth, analysts anticipate that the Mumbai-based IT company would perform mediocrely during the last three months of the previous fiscal year. However, strong results from its manufacturing vertical might help the company turn a profit.

Zee Business analysis indicates that Lindtree is predicted to have a combined net profit of Rs 1,150 crore for the January-March quarter, indicating a 1.6% decrease from the prior quarter. The IT company’s sales is predicted by experts to decrease by either 1.0% or 0.8% on a sequential basis, to Rs 8,930 crore or $1,075 million, respectively. According to their estimates, LTIMindtree’s revenue will have decreased by 1.0% in constant currency.

Based on the study, the IT company’s earnings before interest and taxes (EBIT) for the March quarter are estimated to be Rs 1,340 crore.

Zee Business experts predict that LTIMindtree’s margin, a crucial indicator of profitability, would be 15.0% for the March quarter compared to 15.4% for the previous three months.

The IT company’s net profit is expected to decline by 10% on a quarter-over-quarter basis to Rs 1,052.4 crore, according to IDBI Capital. LTIMindtree’s dollar revenue for the March quarter is expected to be $1,073 million by brokerage analysts, compared to $1,084 million for the preceding three months.

IDBI Capital has a’sell’ rating on LTIMindtree and has set a target price of Rs 5,660 per share. The company’s fourth-quarter EBIT margin is estimated to be 14%, a sequential decline of 120 basis points.

LTIMindtree Q4 Findings: Things to Monitor
Investors will be keeping a close eye on the company’s earnings forecasts, sales, and management’s remarks about the pipeline of deals.

LTIMindtree stock: Historical results
As of April 23, LTIMindtree shares had increased 13.2% over the previous year, falling short of the Nifty50 and Nifty IT indexes’ respective gains of almost 27%.