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Highlights
- Sales over the Year and quarter: The company experienced a substantial growth of 5.06 % in the past year, substantial increase in net sales/revenue by 2.81 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 72.57 %. Marginal increase in other income during this quarter, up by 9.39%.
- Profit over the Year and quarter: Challenges in sustaining profitability for LTIMindtree Limited. Profit dropped by -1.49 % Year to Year, LTIMindtree Limited’s profitability increased by 3.13 % in this quarter.
- EPS over the Year and quarter: EPS declined by -1.59 % Year to Year. EPS increased by 3.07 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 8702.1 Cr | Rs. 8892.9 Cr | Rs. 9142.6 Cr | + 2.81 % | + 5.06 % |
| Expenses | Rs. 7066.6 Cr | Rs. 7357.2 Cr | Rs. 7536.5 Cr | + 2.44 % | + 6.65 % |
| Operating Profit | Rs. 1635.5 Cr | Rs. 1535.7 Cr | Rs. 1606.1 Cr | + 4.58 % | -1.8 % |
| OPM % | 18.79 % | 17.27 % | 17.57 % | + 0.3 % | -1.22 % |
| Other Income | Rs. 131.6 Cr | Rs. 207.6 Cr | Rs. 227.1 Cr | + 9.39 % | + 72.57 % |
| Interest | Rs. 46 Cr | Rs. 68 Cr | Rs. 72.4 Cr | + 6.47 % | + 57.39 % |
| Depreciation | Rs. 184.7 Cr | Rs. 227 Cr | Rs. 235.2 Cr | + 3.61 % | + 27.34 % |
| Profit before tax | Rs. 1536.4 Cr | Rs. 1448.3 Cr | Rs. 1525.6 Cr | + 5.34 % | -0.7 % |
| Tax % | 25 % | 24 % | 25.6 % | + 1.6 % | + 0.6 % |
| Net Profit | Rs. 1152.3 Cr | Rs. 1100.7 Cr | Rs. 1135.1 Cr | + 3.13 % | -1.49 % |
| EPS in Rs | Rs. 38.85 | Rs. 37.06 | Rs. 38.23 | + 3.16 % | -1.6 % |
Today, we’re looking at LTIMindtree Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 5.06 %. However, it did see a marginal increase of 2.81 % from the previous quarter. Expenses ticked up slightly by 2.44 % quarter-on-quarter, aligning with the annual rise of 6.65 %. Operating profit, while down -1.8 % compared to last year, faced a quarter-on-quarter increase of 4.58 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.22 %, but an expansion of 0.3 % sequentially. Other income rose by 9.39 % compared to the last quarter, despite an annual growth of 72.57 %. Interest expenses surged remarkably by 6.47 % from the previous quarter, yet the year-over-year increase remains at a moderate 57.39 %. Depreciation costs climbed by 3.61 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 27.34 %. Profit before tax declined annually by -0.7 % but saw an increase from the preceding quarter by 5.34 %.
Tax expenses as a percentage of profits increased slightly by 0.6 % compared to last year, with a more notable quarter-on-quarter increase of 1.6 %. Net profit fell by -1.49 % year-on-year but experienced a 3.13 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -1.6 % but a quarterly rise of 3.16 %. In summary, LTIMindtree Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 8702.1 Cr | Rs. 8892.9 Cr | Rs. 9142.6 Cr | + 2.81 % | + 5.06 % |
| Expenses | Rs. 7066.6 Cr | Rs. 7357.2 Cr | Rs. 7536.5 Cr | + 2.44 % | + 6.65 % |
| Operating Profit | Rs. 1635.5 Cr | Rs. 1535.7 Cr | Rs. 1606.1 Cr | + 4.58 % | -1.8 % |
| Net Profit | Rs. 1152.3 Cr | Rs. 1100.7 Cr | Rs. 1135.1 Cr | + 3.13 % | -1.49 % |
| EPS in Rs | Rs. 38.85 | Rs. 37.06 | Rs. 38.23 | + 3.16 % | -1.6 % |
In reviewing LTIMindtree Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 5.06 % year-on-year growth, however, there was a minor increase of 2.81 % from the previous quarter. Expenses rose by 6.65 % compared to the previous year, with a 2.44 % increase quarter-on-quarter. Operating Profit dropped by -1.8 % annually, and saw a 4.58 % increase from the last quarter.
Net Profit showed yearly decrease of -1.49 %, and experienced a 3.13 % increase from the previous quarter. Earnings Per Share (EPS) fell by -1.6 % annually, however rose by 3.16 % compared to the last quarter. In essence, while LTIMindtree Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
