Mumbai

LTIMindtree, a global technology consulting and digital solutions firm, reported a consolidated net profit of Rs 1,135 crore for the April-June quarter, marking a 1.5% decline from Rs 1,152 crore during the same period last year. However, this profit shows a 3% increase compared to the previous quarter. The company’s revenue rose to Rs 9,142 crore (approximately $1.1 billion) in the first quarter of FY25, reflecting a 5.1% year-over-year increase from Rs 8,702 crore in Q1 FY24.

Debashis Chatterjee, CEO and Managing Director, commented that despite a challenging environment, the fiscal year started positively with revenue growth of 2.5% quarter-over-quarter and 3.5% year-over-year in USD terms. He noted that the company’s top three industry sectors and its largest market performed well, driven by increased IT spending on essential projects while clients maintained a focus on innovation and budget management.

On the stock market, LTIMindtree shares closed up 1.75% at Rs 5,574 on Tuesday. Additionally, the company recently appointed S.N. Subrahmanyan as Chairman, effective June 27, following A.M. Naik’s decision to step down. With over 700 clients and a workforce of more than 81,000 professionals in over 30 countries, LTIMindtree continues to be a key player in digital transformation.