LTIMindtree’s Q1 net drops 1.5%, revenue up 5%

Mumbai: Global technology consulting and digital solutions company LTIMindtree on Wednesday reported consolidated net profit at Rs1,135 crore for the April-June quarter, a 1.5 per cent decrease from Rs1,152 crore in the year-ago period.

The net profit, however, rose 3 per cent on a sequential basis. The company’s revenue went up to Rs9,142 crore ($1.1 bn) in the first quarter of FY25, from Rs8,702 crore in Q1 FY24, a jump of 5.1 per cent YoY.

“While the environment remains unchanged, fiscal 2025 started on a positive note for us with Q1FY25 revenue of $1.1 billion, registering a 2.5 per cent QoQ and 3.5 per cent YoY revenue growth (in USD terms),” said Debashis Chatterjee, CEO and Managing Director, LTIMindtree.