LTIMindtree Q3 results today; check company's recent updates, share price trend, and Q2 FY25 performance

The IT solutions provider reported a 7.75% year-on-year increase in its consolidated net profit to ₹1,251 crore for the second quarter ended September 2024 (Q2 FY25).

It posted a profit of ₹1,161 crore in the year-ago period, according to a regulatory filing.

Its revenue for the quarter under review came in at ₹9,432 crore, 5.91% higher than ₹8,905 crore in Q2 FY24.

Seen sequentially, profit and revenue witnessed a rise of 10.41% and 3.17%, respectively.

The company added 2,504 employees in the second quarter, bringing the total count to 84,438.

As of September 30, 2024, the Mumbai-headquartered firm has 742 active clients.

Its board declared an interim dividend of ₹20 per equity share of ₹1 each.

In November 2024, the Mumbai-based IT solutions provider said it had opened a new facility in Houston, US, to enable close collaboration with local clients.

The facility will focus on creating solutions related to artificial intelligence, digital transformation, and environmental, social, and governance (ESG) initiatives, according to a company statement.

The company also plans to conduct collaborative innovation workshops and design thinking sessions at the facility, which will also serve as a training centre to upskill the company's and its client's talent on next-generation technologies and solutions.

LTIMindtree President and Executive Board Member Sudhir Chaturvedi said Houston is one of the fastest-growing technology hubs with an excellent talent pool and a strategic location that enables the firm to serve clients across industries.

Shares of LTIMindtree have fallen over 6.5% in the past 12 months.