LTIMindtree Q2 PAT, revenue, margin beat estimates; attrition eases vs Q1

Mumbai-headquartered LTIMindtree on Thursday reported a net profit of Rs 1,401 crore for the July-September period, marking an 11.7 per cent quarter-on-quarter rise that exceeded analysts' expectations.

Its revenue grew 5.6 per cent sequentially to Rs 10,394 crore for the fiscal second quarter, according to a regulatory filing.

LTIMindtree Q2 FY26 Earnings | How top and bottom lines fared vs estimates

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Both top and bottom lines were better than analysts' expectations.

According to Zee Business research, LTIMindtree's second-quarter net profit was estimated at Rs 1,285 crore and revenue at Rs 10,251 crore.

Revenue in constant currency terms -- or revenue without the impact of forex changes -- increased 2.4 per cent sequentially, according to the company.

LTIMindtree Q2 Results | Operational performance

The IT firm's quarterly earnings before interest and taxes (EBIT) came in at Rs 1,648 crore, as against Rs 1,406 crore in the previous quarter.

Its margin improved to 15.9 per cent from 14.3 per cent in the June quarter.

According to Zee Business research, LTIMindtree's EBIT and margin were pegged at Rs 1,525 crore and 14.87 per cent, respectively.

LTIMindtree attrition rate update

The Mumbai-based firm reported a sequential decline of 20 bps in its attrition rate to 14.2 per cent.

LTIMindtree dividend per share

The company announced a dividend of Rs 22 per equity share -- a 2,200 per cent payout given the face value of Re 1 per equity share.

It fixed October 24 as the record date for the dividend. A record date determines the qualifying shareholders for corporate actions like a dividend.

LTIMindtree share price

Earlier on Thursday, the LTIMindtree stock ended 0.1 per cent higher at Rs 5,620.2 apiece on BSE.

At the current level, the stock has declined 11.7 per cent in a year, underperforming a 2.5 per cent gain in the Nifty50.