LTIMindtree Q3 net profit declines 10.5% to Rs 971 crore

Bengaluru: IT services firm LTIMindtree on Monday reported a 10.5 per cent decline in its consolidated net profit for the quarter ended December 2025, to Rs 970.6 crore, due to a one-time provision of Rs 590 crore towards the implementation of the new Labour Codes.

The company had posted Rs 1,085.4 crore in the same period last year.

The company's revenue from operations in the third quarter stood at Rs 10,781 crore, an 11.6 per cent increase, compared to Rs 9,661 crore in the same quarter last year. Its operating EBIT margin expanded by 230 bps y-o-y to 16.1 per cent.

“Our strong Q3FY26 performance reflects the impact of our strategic AI pivot, continued success in large deals, and operational excellence, supported by our proactive efforts to build a more resilient and balanced portfolio. This marks our third consecutive quarter of 2 per cent+ growth, highlighting our disciplined execution, deep tech-domain expertise, and differentiated AI-led offerings. As we look forward, we remain focused on driving profitable growth and delivering tangible outcomes for our clients," the company's Chief Executive Officer and Managing Director, Venu Lambu, said.

For the quarter ended December 31, 2025, the company's Operating EBIT stood at Rs 1,737.1 crore, a 5.4 per cent increase sequentially.

The company has 746 active clients as of December 31, 2025, and its $20 million+ clients increased by 8 on a y-o-y basis. The IT firm added 1,511 employees in Q3, and its total headcount stood at 87,958.

Its trailing 12-month attrition was at 13.8 per cent. In the third quarter, the company announced that it had been selected as a strategic partner by a leading US insurance and financial services company for a multi-year engagement covering application management, infrastructure operations, and end-user services, driven by an AI-led delivery model. This is a $155 million Total Contract Value (TCV) for a 5-year term.

Its Banking, Financial Services & Insurance revenue grew 2.3 per cent y-o-y (USD Growth), Manufacturing & Resources, and Consumer Business grew 14.1 per cent and 14.6 per cent, respectively.

While its Europe revenue grew 13.8 per cent, Rest of the World and North America grew 14.4 per cent and 3.4 per cent y-o-y, respectively.