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LTIMindtree Q2 net profit rises 8 % YoY to ₹1,525 crore; revenue crosses ₹9,000 crore
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LTIMindtree Q2 profit rose 8 % YoY to ₹1,525 crore on BFSI strength and margin improvement, while Vice-Chairman Nachiket Deshpande stepped down after two decades with the firm.
LTIMindtree Ltd posted an 8 % YoY increase in consolidated net profit to ₹1,525 crore for the September quarter on revenue of ₹9,084 crore, up 6.2 % YoY. Growth was led by its BFSI and manufacturing verticals, offsetting muted tech services demand in the U.S. region. EBIT margins improved to 17.1 % from 16.4 % last year. The company signed deals worth US$1.5 billion in total contract value. Vice-Chairman Nachiket Deshpande announced his resignation after 20 years with the firm, as LTIM accelerates AI-driven service offerings.