LTIMindtree Q3 results: Consolidated net profit declines 12% YoY to ₹960 crore; revenue rises 12%

In the corresponding period of the previous fiscal year, it logged a profit of ₹1,086.7 crore, the company said in a regulatory filing. Its bottom-line growth declined due to a one-time impact of the new labour code.

“Based on the requirements of New Labour Codes and relevant Accounting Standards, the company has estimated the liability for employee benefits, which has resulted in an incremental expense on account of recognition of past service costs,” LTIMindtree said.

During the quarter review, its revenue from operations grew 11.59% annually to ₹10,781 crore, compared to ₹9,660.9 crore in the December quarter of the 2024-25 fiscal year (Q3FY25).

At an operational level, its EBITDA (earnings before interest, tax, depreciation and amortisation) (excluding the one-time impact of New Labour Codes) stood at ₹2,002.7 crore in the third quarter of FY26, marking a 27.5% YoY jump from ₹1,593.3 crore in the year-ago period.

Its EBITDA margin (excluding one-time impact of the new labour code) expanded to 18.6% in the reporting quarter, as against 16.5% in the December quarter of FY25.

Commenting on the earnings, Venu Lambu, Chief Executive Officer and Managing Director of LTIMindtree, said: “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%+ 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.”

Its active client count stood at 746 as of December 31, 2025, it said in a filing.

It had 7,958 professionals at the end of the quarter under review and added 1,511 employees in Q3. Its trailing 12-month attrition was 13.8%.

LTIMindtree has a total market capitalisation of ₹1.89 lakh crore, as of January 19, 2025, according to data on the NSE.