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  1. LTIMindtree shares rally 6% as firm wins order worth ₹3,000 crore from CBDT; all you need to know

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LTIMindtree shares rally 6% as firm wins order worth ₹3,000 crore from CBDT; all you need to know

Ahana Chatterjee - image.jpg

2 min read | Updated on January 16, 2026, 13:20 IST

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SUMMARY

The order has been awarded to build an AI‑powered program for the modernisation of India’s national tax analysts platform

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On a year-on-year basis, shares of LTIMindtree have surged 6%. | Image: Shutterstock

On a year-on-year basis, shares of LTIMindtree have surged 6%. | Image: Shutterstock

LTIMindtree shares jumped nearly 6% to touch an intraday high of ₹6,370 apiece on Friday, January 16, after the IT consulting firm bagged an order from the Central Board of Direct Taxes (CBDT) worth ₹3,000 crore.
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The order has been awarded to build an AI‑powered program for the modernisation of India’s national tax analysts platform, the company said.

“Valued at around ₹3000 crores, this 7-year mandate reinforces LTIMindtree’s leadership in enabling digital transformation, leveraging advanced digital architecture and data analytics to deliver real-time insights for policymakers,” the firm said in a regulatory filing.

LTIMindtree share price

At 1:12 PM, LTIMindtree shares were trading at ₹6,349.5 apiece on the National Stock Exchange, soaring 5.29%.

Over a month’s time, the stock has gained 2%, while it has rallied 19% in the last six months. On a year-on-year basis, shares of LTIMindtree have surged 6%.

Shares of the firm had hit a 52-week high of ₹6,380 on December 5, 2025, and a 52-week low of ₹3,802 on April 7, 2025.

The company has a total market capitalisation of ₹1.88 lakh crore, according to data on the NSE.

LTIMindtree Q2 earnings

LTIMindtree had reported a 10.1% quarter-on-quarter (QoQ) surge in its consolidated net profit at ₹1,381.2 crore for the second quarter of the current financial year (Q2 FY26) as compared to ₹1,254.6 crore in the previous quarter.

Its INR revenue crossed the ₹10,000 crore mark, with revenue from operations advancing 5.6% QoQ to ₹10,394.3 crore during the quarter under review, compared to ₹9,840.6 crore in the first quarter of FY26.

The Mumbai-headquartered consultancy derived 36.2% of its revenue from the banking, financial services & insurance industry; 22.7% from the technology, media & communications industry; 19.5% from manufacturing & resources; 15.6% from consumer business; and the remaining 6% from the healthcare, life sciences & public services industry during Q2FY26.

At an operational level, its EBITDA (earnings before interest, tax, depreciation, and amortisation), also known as operating profit, grew 17% QoQ to ₹1,930.1 crore in the September quarter of FY26, as against ₹1,649.4 crore in the June quarter of the same fiscal year. Its margin expanded to 15.9% during the quarter, marking a 160 basis point (bps) QoQ jump from 14.3% in Q1FY26.

The board of LTIMindtree had declared a dividend of ₹22 per equity share of ₹1 each.

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About The Author

Ahana Chatterjee - image.jpg
Ahana Chatterjee is a business journalist with 7 years of experience across several leading news platforms. At Upstox, she covers stock markets and corporate news.

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