LTIMindtree gains over 2% as OKQ8 renews contract, extends partnership

LTIMindtree shares surged 2.3% to an intraday high of ₹5,208 on Tuesday, September 9, after the company announced the extension of its multi-million-dollar partnership with OKQ8, one of the largest fuel companies in the Nordic region, through a renewed contract.

The extended partnership will focus on optimising OKQ8’s technology landscape, spanning cloud and infrastructure management, application development and maintenance for both modern and legacy systems, advanced data analytics, CRM, and ERP services powered by Microsoft Dynamics.

“Their deep expertise, innovative solutions, and understanding of our strategic objectives will enable us to drive operational excellence. We are excited to continue this shared journey,” said Clas Artvin, Chief Information Officer, OKQ8.

Through this partnership, LTIMindtree will leverage its advanced solutions and technical expertise to enhance OKQ8’s core platforms, driving improved performance, greater operational efficiency, and significant sustainability advancements.

Shares of LTIMindtree were trading at ₹5,198.50 apiece, gaining 2.15% on the National Stock Exchange.

The IT major had posted an 11.2% increase in consolidated net profit at ₹1,252 crore for the quarter ended June 30 of the financial year 2025-26. The firm had clocked a net profit of ₹1,128.5 crore in the previous quarter.

The company has registered a marginal rise of 0.7% in revenue from operations quarter-on-quarter (QoQ) at ₹9,840.6 crore in contrast to ₹9,771.7 crore reported in Q4 FY25.

Its operating profit, or earnings before interest and tax (EBIT), for Q1 FY26 grew 4.5% to ₹1,406.5 crore as compared to ₹1,345.4 crore QoQ. Margin for the quarter under review also expanded from 13.8% in Q4 FY25 to 14.3%.

The Larsen & Toubro group firm is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximise growth by harnessing digital technologies.