LTIMindtree Q4 FY2024 Results: Revenue up by 3.92%, PAT at Rs. 11,007 Million, with a 12.09% Margin

Tanushree Jaiswal 25th April 2024 - 11:59 am

Key Highlights

LTIMindtree reported a 3.92% increase in its consolidated revenue on a YOY basis reaching ₹91,005 million in Q4 FY2024.
PAT marked at ₹11,007 million for Q4 FY2024 against ₹11,141 million in Q4 FY 2023, a decline of almost 1.20%.
PAT margin for Q4 FY2024 stood at 12.09%.

Business Highlights

LTIMindtree consolidated revenue from operations for FY2024 was ₹355,170 million, up by 7% on a YOY basis from ₹331,830 million in FY2023.
Net profit for FY 2024 was ₹45,846 million against ₹44,103 million in FY 2023, up by 3.95%.
The company declared an ₹45 dividend per equity share for FY2024.
EBITDA margin for Q4 FY2024 was 18.5%.
For Q4 FY 2024, 71.90% of the company’s review came from the North American market while the European market accounted for 15.40%.
For Q4 FY2024, the company had 728 active clients added.

Commenting on the results, Debashis Chatterjee, Chief Executive Officer and Managing Director, LTIMindtree, said, "We closed FY24 amidst a tough macro environment and delivered a resilient performance with full-year revenue growth of 4.4% in USD terms and an EBIT margin of 15.7%. Our order inflow for the full year at USD 5.6 billion registered a 15.7% growth over FY23. This growth reflects the positive outcomes of our positioning as an organization with scale, expanded capabilities, and larger partnerships. As the market dynamics evolve, we are excited to be part of innovations, partnerships, and initiatives that our clients will embark on in FY 25.”

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Tanushree Jaiswal

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