LTIMindtree Q2 net up 10.1% sequentially, revenue crosses Rs 10,000 crore

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rel=”dofollow” href=”https://economictimes.indiatimes.com/ltimindtree-ltd/stocks/companyid-3318.cms” target=”_blank”>LTIMindtree on Thursday reported a 10.1% sequential growth in its net profit for the July-September period when its quarterly revenue crossed the Rs 10,000-crore mark for the first time, helped by better than expected margin improvement and mega-deal wins.

The L&T Group’s software services arm posted a net profit of Rs 1,381 crore for the second quarter, up 10.4% year on year, on a revenue of Rs 10,394 crore, up 10.2% on year and by 10.2% sequentially.

Its operating margin also beat analyst estimates at 15.9% and expanded by 100 bps sequentially and…



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LTIMindtree Q2 net up 10.1% sequentially, revenue crosses Rs 10,000 crore



rel=”dofollow” href=”https://economictimes.indiatimes.com/ltimindtree-ltd/stocks/companyid-3318.cms” target=”_blank”>LTIMindtree on Thursday reported a 10.1% sequential growth in its net profit for the July-September period when its quarterly revenue crossed the Rs 10,000-crore mark for the first time, helped by better than expected margin improvement and mega-deal wins.

The L&T Group’s software services arm posted a net profit of Rs 1,381 crore for the second quarter, up 10.4% year on year, on a revenue of Rs 10,394 crore, up 10.2% on year and by 10.2% sequentially.

Its operating margin also beat analyst estimates at 15.9% and expanded by 100 bps sequentially and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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