LTIMindtree Q2 Results: Profit Rises 10%, Meets Estimates

IT firm LTIMindtree Ltd. recorded a sequential rise of 3.2% in its revenue to Rs 9,432.90 crore in the quarter ended September, according to an exchange filing on Thursday. That compares with the consensus estimate of Rs 9,431 crore of analysts tracked by Bloomberg.

• Revenue up 3.2% to Rs 9,432.90 crore (estimate: Rs 9,431 crore)

• Net profit up 10% to Rs 1,251.60 crore (estimate: Rs 1,226 crore)

• Ebit down 13% to Rs 1,458.20 crore (estimate: Rs 1,462 crore)

• Margin at 15.5% versus 18.4% (estimate: 15.5%)

On Thursday, LTIMindtree shares rose 0.77% to Rs 6,408 apiece even as the benchmark Sensex ended the day 0.6% lower. The quarterly results were declared after market hours.

(This is a developing story)