LTIMindtree Q2 net profit rises 7.7% to Rs 1,251 crore bse nse

IT solutions supplier LTIMindtree connected Thursday reported a 7.75 per cent year-on-year summation successful its consolidated nett profits to Rs 1,251 crore for the 2nd 4th ended September 2024. It posted a nett of Rs 1,161 crore successful the year-ago period, according to a regulatory filing.

Its gross for the 4th nether reappraisal came successful astatine Rs 9,432 crore, 5.91 per cent higher than Rs 8,905 crore successful Q2 FY24.

Seen sequentially, nett and gross witnessed a emergence of 10.41 per cent and 3.17 per cent, respectively.

"Q2 was a bully 4th marked by broad-based sequential maturation experienced crossed each our verticals and geos, helping america registry a dollar maturation of 2.8 per cent. We had respective multi-year woody closures, including a USD 200 million+ deal. Continued woody momentum successful cardinal verticals and important Q2 hiring, including freshers, positions america good arsenic we participate into the second fractional of the fiscal year," LTIMindtree CEO and MD Debashis Chatterjee said.

The institution added 2,504 employees successful the 2nd quarter, bringing the full number to 84,438. As of September 30, 2024, the Mumbai-headquartered steadfast has 742 progressive clients.

Its committee declared an interim dividend of Rs 20 per equity stock of Rs 1 each.

Shares of LTIMindtree settled astatine Rs 6,401.5 apiece connected the BSE connected Thursday, 0.67 per cent higher from the erstwhile close.