LTI Mindtree Q1 Results Live : LTI Mindtree declared their Q1 results on 17 Jul, 2024, showcasing a 5.06% increase in revenue year-over-year. However, the profit witnessed a decline of 1.54% compared to the same quarter last year.
In comparison to the previous quarter, the company experienced a 2.81% growth in revenue and a 3.08% increase in profit.
The Selling, general & administrative expenses saw a 1.15% rise quarter-over-quarter and a 5.15% increase year-over-year.
Operating income displayed a 4.75% increase from the previous quarter but decreased by 5.51% year-over-year.
The Earnings Per Share (EPS) for Q1 stood at ₹38.23, showing a 1.6% decrease year-over-year.
LTI Mindtree’s stock performance in the market exhibited a 3.44% return in the last week, while reflecting -10.8% and -11.64% returns in the last 6 months and year-to-date respectively.
With a market capitalization of ₹164686.2 Cr, LTI Mindtree’s 52-week high and low were recorded at ₹6442 and ₹4513.55 respectively.
Analysts covering the company as of 18 Jul, 2024, provided varied ratings including 4 Strong Sell, 9 Sell, 10 Hold, 10 Buy, and 2 Strong Buy. The consensus recommendation on the stock was to Hold.