LTIMindtree announced its Q3 FY26 results, demonstrating solid performance driven by its strategic AI pivot. Operating EBIT margin expanded by 230 bps YoY to 16.1%, and adjusted PAT increased by 29% YoY. Revenue reached $1,208 million, a 6.1% YoY increase. The company continues to focus on profitable growth and delivering tangible outcomes for clients.
Financial Highlights
LTIMindtree [NSE: LTIM, BSE: 540005] reported strong consolidated results for Q3 FY26, highlighting the impact of its strategic AI pivot and operational excellence. Key financial details include:
- Revenue: $1,208 million (up 2.4% Q-o-Q and 6.1% Y-o-Y)
- Constant Currency Revenue: Up 2.4% Q-o-Q and 5.2% Y-o-Y
- Operating EBIT Margin: 16.1%, an expansion of 230 bps Y-o-Y
- Net Profit: $157.0 million (up 0.1% Q-o-Q and 22.6% Y-o-Y)
INR Performance
In Indian Rupees (INR), LTIMindtree’s performance was equally impressive:
- Revenue: ₹1,07,810 million (up 3.7% Q-o-Q and 11.6% Y-o-Y)
- Operating EBIT: ₹17,371 million (up 5.4% Q-o-Q and 30.7% Y-o-Y)
- Net Profit: ₹14,013 million (up 1.5% Q-o-Q and 29.0% Y-o-Y)
New Labour Codes Impact
The results exclude the one-time impact of New Labour Codes, which amounted to ₹5,903 Million at EBIT and ₹4,418 Million at the Net Profit level.
Client and Employee Metrics
LTIMindtree’s client base remains strong, with 746 active clients. There has also been a notable increase in high-value clients:
- $5 million+ clients: Increased by 10 Y-o-Y to a total of 162
- $10 million+ clients: Increased by 7 Y-o-Y to a total of 97
- $20 million+ clients: Increased by 8 Y-o-Y to a total of 47
The company’s workforce stands at 87,958 professionals as of December 31, 2025, with 1,511 new employees added in Q3. The trailing 12-month attrition rate is 13.8% and utilization (ex-trainees) is at 86.9%.
Key Deal Wins
LTIMindtree has secured several key deals, including:
- Strategic partnership with a leading U.S. insurance and financial services company for $155 million.
- Deal to consolidate the technology landscape for a leading manufacturer.
- Partnership with a global technology company to deploy AI solutions.
Source: BSE
