LTI Mindtree Q2 Results Live : LTI Mindtree declared their Q2 results on 17 Oct, 2024, showcasing a robust performance with the topline increasing by 5.92% year-over-year. The company's profit also saw a significant rise of 7.68% compared to the same quarter last year.
When compared to the previous quarter, the results were equally impressive, with revenue growing by 3.18% and profit increasing by 10.34%. This upward trend indicates a strong operational performance amid challenging market conditions.
However, the Selling, General & Administrative expenses saw an uptick, rising by 2.16% quarter-over-quarter and 5.87% year-over-year. Despite this increase in expenses, the operating income demonstrated resilience, increasing by 6.37% sequentially and by 2.47% on a yearly basis.
Earnings per share (EPS) for Q2 stood at ₹42.17, reflecting a year-over-year increase of 7.66%. This growth in EPS is a positive indicator for the company’s profitability and overall financial health.
In terms of market performance, LTI Mindtree has delivered a return of 0.76% in the last week, an impressive 36.13% over the last six months, and a modest 1.58% year-to-date return. The company currently boasts a market capitalization of ₹189,355.9 Crores, with a 52-week high of ₹6574.95 and a low of ₹4513.55.
As of 18 Oct, 2024, the consensus among analysts covering LTI Mindtree is to Hold, with 5 analysts recommending a Strong Sell, another 5 suggesting Sell, 8 advising Hold, 12 advocating Buy, and 5 giving a Strong Buy rating. This diverse range of recommendations reflects varying perspectives on the company's future performance.
LTI Mindtree Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 9432.9 | 9142.6 | +3.18% | 8905.4 | +5.92% |
| Selling/ General/ Admin Expenses Total | 6014 | 5887.1 | +2.16% | 5680.8 | +5.87% |
| Depreciation/ Amortization | 241.1 | 235.2 | +2.51% | 208.2 | +15.8% |
| Total Operating Expense | 7974.7 | 7771.7 | +2.61% | 7482.3 | +6.58% |
| Operating Income | 1458.2 | 1370.9 | +6.37% | 1423.1 | +2.47% |
| Net Income Before Taxes | 1686.8 | 1525.6 | +10.57% | 1519.3 | +11.02% |
| Net Income | 1251 | 1133.8 | +10.34% | 1161.8 | +7.68% |
| Diluted Normalized EPS | 42.17 | 38.23 | +10.31% | 39.17 | +7.66% |
Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
MoreLess