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Financial

LTIMindtree Q3 Results: Profit up 29% to ₹14,013 Cr, Wins $155 Mn Deal

LTIMindtree Q3 FY26 revenue up 11.6% to ₹1.07 Lakh Cr. Net profit jumps 29% to ₹14,013 Cr. Wins $155 million mega deal. Operating margin expands to 16.1%.
LTIMindtree Q3 Results: Profit up 29% to ₹14,013 Cr, Wins $155 Mn Deal

Mumbai: LTIMindtree Limited (NSE: LTIM, BSE: 540005), a global technology consulting and digital solutions company, today announced its consolidated financial results for the third quarter ended December 31, 2025. The Board of Directors approved the results in a meeting held today, which commenced at 2:00 PM and concluded at 4:20 PM.

The company reported robust performance driven by strategic AI integration and significant deal wins, including a major $155 million, 5-year contract with a leading US insurance and financial services firm.

Financial Highlights (Consolidated, Q3 FY26 vs Q3 FY25):

  • Revenue from Operations: Grew by 11.6% to ₹1,07,810 million.

  • Operating EBIT (excluding exceptional items): Increased by 30.7% to ₹17,371 million. The Operating EBIT margin expanded by 230 basis points to 16.1%.

  • Net Profit (excluding exceptional items): Rose 29.0% to ₹14,013 million.

  • Earnings Per Share (EPS) – Diluted: Stood at ₹47.6 (excluding exceptional items).

  • Total Income: Reached ₹110,082 million.

Note on Exceptional Items: The results include a one-time exceptional expense of ₹5,903 million related to the impact of the newly implemented Labour Codes. Including this, reported Net Profit is ₹9,596 million and Diluted EPS is ₹32.71.

 

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Operational and Business Highlights:

  • Deal Momentum: Secured a $155 million Total Contract Value (TCV) deal for application management and infrastructure services with a US insurance major. Other key wins were with a global manufacturer, a financial institution, and a UK-based FMCG company.

  • Client Base: Added 26 new clients in Q3. The number of clients contributing over $20 million annually increased to 47.

  • Employee Strength: Total headcount reached 87,958, with a net addition of 1,511 in Q3. Trailing 12-month attrition improved to 13.8%.

  • Utilization: Remained strong at 86.9% (excluding trainees).

  • Industry Growth: The Manufacturing & Resources and Consumer Business verticals showed strong year-on-year USD revenue growth of 14.1% and 14.6%, respectively.

Segment-Wise Revenue (Q3 FY26):

  • Banking, Financial Services & Insurance (BFSI): 35.1%

  • Technology, Media & Communications: 22.2%

  • Manufacturing & Resources: 20.8%

  • Consumer Business: 15.4%

  • Healthcare, Life Sciences & Public Services: 6.5%

Management Commentary:

Mr. Venugopal (Venu) Lambu, Chief Executive Officer and Managing Director, stated, *“Our strong Q3FY26 performance reflects the impact of our strategic AI pivot, continued success in large deals, and operational excellence... This marks our third consecutive quarter of 2%+ growth, highlighting our disciplined execution, deep tech-domain expertise, and differentiated AI-led offerings.”*

Standalone Performance:

The company's standalone financials were also strong, with revenue at ₹1,03,126 million and Net Profit (excluding exceptional items) at ₹13,860 million for Q3 FY26.

Regulatory Compliance & Audit:

The unaudited financial results have been subjected to a limited review by the statutory auditors, M/s. Deloitte Haskins & Sells, Chartered Accountants LLP, who issued an unmodified review report. The results have been filed with the BSE and the National Stock Exchange of India in compliance with SEBI LODR regulations.

About LTIMindtree:
LTIMindtree is a global technology consulting and digital solutions company, part of the Larsen & Toubro Group. It employs over 87,000 professionals and serves more than 700 clients across more than 40 countries.

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