LTIMindtree announced strong Q2 FY2026 results, reporting revenue of $1.18 billion, a 2.4% sequential growth in constant currency. EBIT margins expanded by 160 basis points to 15.9%. The company secured new deals worth $1.59 billion and saw growth across all verticals. It has revised its outlook to nearing double-digit growth in the second half of the fiscal year. Earnings per share reached an all-time high of ₹47.2.
Financial Performance
LTIMindtree reported a revenue of $1.18 billion for Q2 FY2026, demonstrating a sequential growth of 2.4% in constant currency terms and 2.3% in USD terms. The revenue in INR terms crossed ₹10,000 Crores, standing at ₹10,394 Crores. EBIT margin expanded significantly by 160 basis points sequentially to 15.9%. The profit after tax for the quarter was reported at ₹1,381 Crores, a growth of 10.1% quarter-on-quarter.
Key Growth Drivers
The company’s growth was broad-based across all verticals, led by the consumer business, which grew by 9.1% quarter-on-quarter, and healthcare, life sciences, and public services which grew by 10.2% quarter-on-quarter. Americas grew by 2.1%, Europe by 2.4%, and the rest of the world by 3.7% sequentially.
New Deal Wins and Business Updates
LTIMindtree secured new deals totaling $1.59 billion, marking the fourth consecutive quarter of order inflow around $1.6 billion. Key wins include:
- A large deal with a leading global media and entertainment company.
- Selection as a strategic partner by a global financial institution.
- Selection by a global manufacturer of chemicals for technology transformation.
The company launched BlueVerseTM studios in Mumbai and London and partnered with Shopify to set up an AI Commerce center of excellence. It also introduced BlueVerseTM RightAction, an AI governance framework.
Strategic Initiatives and Future Outlook
LTIMindtree is committed to becoming an AI-centric organization. The company emphasized its reskilling program, with over 80,000 employees completing the GenAI Foundation Training Program. The company remains confident in its ability to sustain profitable growth and is aiming for near double-digit growth in the second half of the year.
Other Key Metrics
- EPS reached an all-time high of ₹47.2 for the quarter.
- The effective tax rate for the quarter was 26.5%.
- Total DSO for Q2 stood at 82 days.
- The Board of Directors approved an interim dividend of ₹22 per equity share.
- Trailing 12-month attrition decreased to 14.2%.
Source: BSE