LTIMindtree Ltd (LTIM)

LTIMindtree Reports Strong Q1FY25 Revenue Growth - 23 Jul, 2024

LTIMindtree reported a strong 1QFY25 revenue growth of 2.6% QoQ/3.7% YoY in constant currency, with USD revenue slightly above estimates. The company's commentary was encouraging, with clients resuming high-priority transformation projects and focusing on data engineering, data estate modernization, and ERP modernization. LTIMindtree is expected to deliver a CAGR of 8.0%/13.4% in USD revenue/INR PAT over FY24-26, with a revised target multiple of 35x and TP of INR7,000 implying 26% upside potential.

LTI Mindtree Shows Resurgence and Breakout Above Triangle Pattern - 22 Jul, 2024

LTI Mindtree is showing signs of resurgence and has broken out above a symmetrical triangle pattern. SMC Global recommends buying the stock with a target price of Rs 6,550-6,600. The company continues to retain its hybrid work model.

LTIMindtree Extends Partnership with Absa Bank - 19 Jul, 2024

LTIMindtree has secured a multi-million dollar contract extension with Absa Bank, reinforcing its position as the bank's trusted strategic technology partner after a successful 17-year collaboration. The company also reported positive Q1 results with green shoots of recovery in BFSI and CMT verticals.

LTIMindtree Ltd Secures Contract Extension & Receives Upgrades - 18 Jul, 2024

LTIMindtree receives upgrades from Motilal Oswal and Nirmal Bang following strong Q1 results and macro demand bottoming out. Jefferies maintains underperform rating while hiking target price. The company also secures a multi-million dollar contract extension with Absa Bank.

LTI Mindtree Reports Sequential Revenue Growth in Q1 - 17 Jul, 2024

LTI Mindtree is expected to report healthy sequential revenue growth in Q1, driven by an uptick in the BFSI and manufacturing sectors. The company reported a 2.8% sequential revenue growth to Rs 9,142.6 crore and a net profit growth of 3.1% sequentially to Rs 1,135.1 crore.

LTIMindtree Expected to Post Healthy Q1 Results - 16 Jul, 2024

IT services company LTIMindtree is expected to report healthy sequential revenue growth in Q1 2024, driven by uptick in BFSI and manufacturing verticals. Analysts estimate a 2% QoQ and 4% YoY revenue growth, with constant currency terms at 2%. Net profit may increase marginally up to 2% YoY, with sequential PAT growth around 5%. Key things to watch out for include commentary on demand and performance of BFSI and manufacturing verticals.

LTIMindtree Ltd Has Strong Balance Sheet and Free Cash Flow - 12 Jul, 2024

LTIMindtree Ltd has a healthy balance sheet with net cash of INR 95.3 billion, reduced debt from INR 1.27 billion to INR 407.0 million in the last year, increased EBIT by 3.4% over the last twelve months, and produced sturdy free cash flow equating to 59% of its EBIT during the last three years.

InCread Upgrades LTIMindtree to Add, Hikes Target Price - 10 Jul, 2024

InCread has upgraded LTIMindtree from reduce to add and hiked the target price to Rs 5,998. Recovery in E&U & FSI verticals & large customers could aid revenue growth while margin underperformance likely bottoming out. FSI, hi-tech recovery could aid double-digit YoY growth in Q4FY25.

LTIMindtree Ltd Falls for Fifth Straight Session - 09 Jul, 2024

The stock is down 0.77% on the day, quoting at Rs 5348.05 as of 13:19 IST on NSE. LTIMindtree has gained around 9.07% in the last month while Nifty IT index increased by 9.24%. The volume in the stock stood at 1.28 lakh shares today compared to the daily average of 5.16 lakh shares in the last one month.

Prabhudas Lilladher Recommends Accumulate Call on LTIMindtree - 03 Jul, 2024

Prabhudas Lilladher has recommended an accumulate call on LTIMindtree with a target price of Rs 5910. The company reported a consolidated total income of Rs 9100.50 crore for the quarter ended March 31, 2024, and net profit after tax of Rs 1100.70 crore. Promoters held 68.6% stake in the company as of March 31, 2024.

LTI Mindtree Gains Ahead of Q1FY25 Earnings - 02 Jul, 2024

Shares of LTIMindtree Ltd have gained around 18.72% in the last month and rose by 2.51% on July 1st. The Nifty IT index also gained 2% as companies from the sector prepare to release their Q1FY25 earnings next week.

LTIMindtree Ltd Gains for Third Straight Session - 27 Jun, 2024

LTIMindtree Ltd stock gained 2.75% to close at Rs 5320 on NSE, while Nifty IT index rose by 1.73%. SN Subrahmanyan appointed as chairman of L&T Infotech Mindtree and L&T Technology Services.

AM Naik Steps Down as Chairman of LTIMindtree - 26 Jun, 2024

AM Naik has stepped down as Chairman of LTIMindtree following the company's AGM, with S.N. Subrahmanyan taking over as the new Chairman from June 27, 2024.