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LTI Mindtree Ltd

Company details

4,411.15
4,650.00
3,733.25
6,520.00
6M Return -3.91%
1Y Return -29.54%
Mkt Cap.(Cr) 133,322.07
Volume 14,370
Div Yield 0.72%
OI
-
OI Chg %
-
Volume 14,370

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About The Stock

    Larsen & Toubro Infotech (LTI) offers application development, IMS, digital solution services to BFSI, retail, health, media & hi-tech verticals.

    • LTI has 71 Fortune-500 clients with a presence in North America & Europe
    • LTI has grown at 19% CAGR over FY17-22 with robust margins (>19%)

Q4FY22

    LTI reported weak numbers.

    • Constant currency revenues increased 3.6% QoQ
    • EBIT margin contracted 60 bps QoQ to 17.3%
    • Guided for 290 bps QoQ EBIT margin contraction in Q1FY23 on salary hikes

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LTIMindtree Ltd.

Q3FY23 Quarterly Result Announced for LTIMindtree Ltd.

IT Consulting & Software firm LTIMindtree announced Q3FY23 results:

Q3FY23:

  • In USD:
    • Revenue at US$ 1,046.7 million (growth of 2.4% QoQ / 14.0% YoY)
    • Net profit at US$ 121.5 million (decline of 17.7% QoQ / 13.3% YoY)
  • In INR:
    • Revenue at ?86,200 million (growth of 4.8% QoQ / 25.3% YoY)
    • Net profit at ?10,007 million (decline of 15.8% QoQ / 4.7% YoY)
  • Clients:
    • 723 active clients as of December 31, 2022
    • US$ 1 million clients increased by 13, total 374
    • US$ 5 million clients increased by 7, total 144
    • US$ 10 million clients increased by 4, total 81
  • People:
    • 86,462 professionals as of December 31, 2022
    • Trailing 12 months attrition was 22.3%

“We are pleased to report a strong Q3 FY23, our first as LTIMindtree,” said Debashis Chatterjee, Chief Executive Officer and Managing Director of LTIMindtree. “The combined entity has started out with a USD 1 billion quarterly revenue run rate, a top-quartile constant currency year-over-year revenue growth of 16.3%, and a robust order inflow of USD 1.25 billion. Our performance speaks to our steadfast client focus through the merger and our resilient client and solutions portfolio. Clients across sectors are evincing keen interest in our unique value proposition spanning core to experience to edge. The client imperative to dial up technology-led innovation for future-readiness holds significant long-term upside for our full-stack offerings and crossindustry exposure, boosting our endeavour to deliver industry-leading revenue growth in the future as well.”

Result PDF

View Other Company Results

OUR RESEARCH VIEW

Investment recommendation

Call Date

22 Jan 2023

Entry Price

4,270.00

Target Price

4,940.00

Duration

12-18 Month

FINANCIALS

Sales

Operating Profit

Profit after Tax

Equity

Reserves and Surplus

Debt

Sales

Operating Profit

Profit after Tax

PE

Debt/Equity

P BV

COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 8,814.60 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 17,871.26 -28,732.63
LAST 3M 35,065.84 -30,146.79
LAST 6M 57,360.50 38,576.46
LAST 12M 186,944.70 -113,961.48

LTIMindtree Limited - Press Release

Feb 03, 2023 l NSE Announcement

LTIMindtree Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Feb 02, 2023 l NSE Announcement

LTIMindtree Limited - Copy of Newspaper Publication

Jan 30, 2023 l NSE Announcement

Date Action Type Ratio
Jan 31, 2023 Dividend 2000
Jun 30, 2022 Dividend 3000
Oct 25, 2021 Dividend 1500

INFORMATION

Stock PE (TTM)

38.5

Promoter Holding

68.69%

Book Value

311.1719

ROCE

35.36%

ROE

28.52%

Description

  • Larsen & Toubro Infotech Ltd. is a multinational information technology services and consulting company in India. It was incorporated in 1997 as a subsidiary of Larsen & Toubro Ltd. The company’s headquarters are in Mumbai. For the quarter ended June 2022, the company’s total income was Rs 4,666.90 crore, up 5.21% from the previous quarter ended March 2022. On 5 August 2022, the company’s market capitalisation stood at Rs HYPERLINK

    "https://www.moneycontrol.com/india/stockpricequote/computers-software/larsentoubroinfotech/LI12" 86,353 crore.

    The company is listed on the Bombay Stock Exchange with the code 540005. Its National Stock Exchange’s listing code is LTI.
    Larsen & Toubro Infotech Ltd. offers various services, such as application development and maintenance, package implementation and support, managed services, engineering services, data warehousing and business intelligence, enterprise application integration, embedding intelligence services, and strategy consulting. It serves the industries of insurance, energy, banking and financial services, life sciences, healthcare, media and entertainment, manufacturing, utilities, Hi-Tech, CPG and retail.
    On 30 June 2022, the company’s shareholding pattern indicated a 74.03% promoter stake, 8.42% foreign institutional investor stake, 8.14% domestic institutional investor stake, and 9.41% public stake. The company also had a total of 17.53 crores shares outstanding. During FY 2021-2022, Larsen & Toubro Infotech Ltd.’s total revenue was Rs HYPERLINK "https://economictimes.indiatimes.com/larsen-toubro-infotech-ltd/stocks/companyid-3318.cms" 16,135.40 crore.
    The company’s founder chairman is Mr A M Naik. The other board members include Mr S N Subrahmanyan, Mr Nachiket Deshpande, Mrs Aruna Sundarajan, Mr Rajnish Kumar, Mr James Abraham, Mr Sanjeev Aga, Mr R Shankar Raman, Mr Sudhir Chaturvedi, and Mr Vinayak Chatterjee, among otheRs The auditors are B K Khare & Co.
    On 5 August 2022, Larsen & Toubro Infotech Ltd.’s share price on BSE closed at Rs 4,923.15. Its share price on NSE closed at Rs 4,925.35. The 52-week high for Larsen & Toubro Infotech Ltd.’s share price was Rs 7,588.80, and the 52-week low share price was Rs 3,733.30.
    As of July 2022, LIC MF Debt Hybrid Fund had a 1.17% stake in Larsen & Toubro Infotech Ltd. LIC MF Arbitrage Fund had a 0.98% stake, while LIC MF Nifty 100 ETF had a 0.24% stake.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

No Data Found

AGM Date (Month) : Jul
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 540005
NSE Code : LTIM
Book Closure Date (Month) :
BSE Group : A
ISIN : INE214T01019

ICICIdirect LTI Mindtree Ltd FAQ

You can buy LTI Mindtree Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy LTI Mindtree Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Feb 03, 2023 04:01 PM the closing price of LTI Mindtree Ltd was ₹ 4,507.20.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Feb 03, 2023 04:01 PM, the market cap of LTI Mindtree Ltd stood at ₹ 133,322.07.
The latest PE ratio of LTI Mindtree Ltd as of Feb 03, 2023 04:01 PM is 38.5
The latest PB ratio of LTI Mindtree Ltd as of Feb 03, 2023 04:01 PM is 0.07
The 52-week high of LTI Mindtree Ltd is ₹ 6,520.00 while the 52-week low is ₹ 3,733.25
According to analyst recommendations, LTI Mindtree Ltd has a “Buy” rating for the long term.

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