LTIMindtree Q1 results: Net profit down by 1.5%, revenue increases by 5%

India’s sixth largest IT services firm LTIMindtree on Wednesday reported a net profit of Rs 1,135 crore for the first quarter of the current financial year (Q1FY25), down 1.5 per cent year-on-year. On a sequential basis, the profit grew by 3.1 per cent.

Revenue for the quarter increased 5 per cent Y-o-Y at Rs 9,142.6 crore. On a sequential basis, the firm’s revenue grew 2.8 per cent.