LTIMindtree Ltd on Thursday released its fiscal first quarter earnings report with profit at Rs 1,254.10 crore, missing estimates. This was 10.61 per cent higher in comparison to Rs 1,133.80 crore recorded during the first quarter of FY25. It posted revenue from operations at Rs 9,840.60 crore. This was 1.63 per cent higher than Rs 9142.60 crore recorded during the corresponding quarter of previous financial year. The company recorded EBIT at Rs 1,406.5 crore.
According to a CNBC TV18 poll, LTIMindtree was expected to post Q1 profit at Rs 1,197 crore and revenue was estimated at Rs 9,836 crore.
In US dollar terms, revenue for the quarter in review stood at $1,153.3 million, posting a growth of 5.2 per cent on-year. Net profit for Q1FY26 came in at $147.0 million, up 8 per cent on-year. Operating margin (EBIT), meanwhile, was reported at 14.3 per cent.
Venu Lambu, Chief Executive Officer and Managing Director, said, “We had a promising start to the year delivering broad-based growth, expanding margins, and making significant progress on our strategic priorities.”
While the macroeconomic environment remains challenging, he added, “I’m confident that our disciplined execution and unwavering client focus will continue to drive our performance.”
LTIMindtree Q1 Results: Employee count
The company’s employee count stood at 83,889 at the end of the quarter. The trailing 12-month attrition stood at 14.4 per cent and utilization (ex-trainees) came in at 88.1 per cent.
LTIMindtree Q1 Results: Update on ESOP
LTIMindtree’s board has approved the issue of 67,252 new shares, each valued at Re 1, to the LTIMindtree Employee Welfare Trust, under its Employees Stock Option Plan of 2021 and 2015. The shares, it said, will later be transferred to eligible employees upon exercise of options.
LTIMindtree Q1 Results: Update on clients
As of June 30, 2025, LTIMindtree had a total of 741 active clients. The client metrics by revenue bracket are as follows:
$1 million+ clients increased by 14 on a Y-o-Y basis, total 404
$5 million+ clients increased by 11 on a Y-o-Y basis, total 159
$10 million+ clients increased by 3 on a Y-o-Y basis, total 90
$50 million+ clients increased by 2 on a Y-o-Y basis, total 14