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Values in Rs. in  Crores

LTI Mindtree Sep 23 Year on Year Revenue Surge by 8.2% to Rs.8905 Crore and Year on Year Profit slides by 1.6% to Rs.1162 Crore. Quarter to Quarter Revenue Surge by 2.3% and Q to Q Profit nearly maintains same by 0.9%

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Revenue Analysis:

LTI Mindtree, has reported a revenue of Rs. 8905 Crore, which has soars by 2.3% as compared to previous quarter revenue of Rs. 8702 Crore. As compared to revenue of September-22, there is a grown by 8.2% from Rs. 8228 Crore. to Rs. 8905 Crore.


Market Expectations V/s Actual

The Market Estimate of the Revenue was Rs.8873 Crore . Company's reported Revenue of Rs. 8905 is fairly in line with expectations.


Segment Revenue and Analysis

The Major Segments have been, Banking, Financial Services & Insurance ,Hi-Tech, Media & Entertainment and Retail, CPG, Travel, Transport & Hospitality. The share of each major segments are Banking, Financial Services & Insurance : 3252 Crore [36.5%] ,Hi-Tech, Media & Entertainment : 2114 Crore [23.7%] and Retail, CPG, Travel, Transport & Hospitality : 1367 Crore [15.3%].


Profit and Cost Analysis as Compared to Previous June'23 Quarter Results:

Quarterly Profit has slip by 1.6% to Rs.1162 Crore from Rs. 1181 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has nearly remains regular by 0.9% to Rs.1162 Crore from Rs. 1152 Crore. Net Profit % of the Company has remained at 13.1% compared to 13.2% in previous quarter and 14.4% in year ago quarter.

On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has nearly remains regular to 18.3% from 18.8% as compared with June, 2023 quarter. The reason for the nearly maintains same of EBITDA Margin is due to,

b) Employee Cost has nearly remains regular to 63.8% (Previous Quarter: 64.3%). Employee Cost in exact value has nearly maintains same from Rs. 5599 Crore to 5681 Crore.

c) Other Expenses has surge to 17.9% (Previous Quarter: 16.9%). Other Expenses zooms from Rs. 1468 Crore to 1593 Crore.

The finance cost has soars from Rs. 46 Crore to 47 Crore by 2.2%.


Key Matrix:

Price to Earning (PE) ratio of the company is 34.69 as compared to the Industry PE of 31.41. PE is better placed which signifies that neither company is overvalue or undervalued. Companies Return on Equity (ROE) is 24.5% and Return of Capital Employed (ROCE) is 32.9%.


Share Price Movement:

The Return on Share Prices were -5.5% in past one month, 5.1% in 3 months, 23.6% in 6 months, 10.2% in 12 months, -24.5% in 24 months.


Summary:

To summarize, as compared to June'23, Revenue has soars by 2.3%. EBITDA Margin has nearly remains regular to 18.3% from 18.8%. and Net Profit After Tax Margin has nearly remains regular to 13.1% from 13.2%.


The Brief of Quarterly Results is as follows:

LTIMindtree Limited

Particulars (In Cr.)
Sep, 2023
Jun, 2023
Mar, 2023
Dec, 2022
Revenue
8905.4
8702.1
8691.0
8620.0
Cost of Goods Sold
0.0
0.0
0.0
0.0
Employee Cost
5680.8
5598.7
5580.7
5472.2
Other Expenses
1593.3
1467.9
1506.6
1773.0
EBITDA
1631.3
1635.5
1603.7
1374.8
Depreciation
208.2
184.7
182.3
178.1
Interest Expense
47.0
46.0
43.6
37.9
Other Income
143.2
131.6
66.4
151.8
Profit B4 Excep. Items
1519.3
1536.4
1444.2
1310.6
Exception Items
0
0.0
0.0
0.0
Net Profit Before Tax
1519.3
1536.4
1444.2
1310.6
Taxes
357.0
384.1
330.1
309.9
Net Profit After Tax
1162.3
1152.3
1114.1
1000.7
Gross Margin %
100.0%
100.0%
100.0%
100.0%
Employee Cost %
63.8%
64.3%
64.2%
63.5%
Other Expense Cost %
17.9%
16.9%
17.3%
20.6%
EBITDA %
18.3%
18.8%
18.5%
15.9%
Net Profit After Tax %
13.1%
13.2%
12.8%
11.6%

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00:00 / 04:10
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