LTIMindtree Q3 results: Net profit falls 7% to Rs 1,085 cr, revenue up 7.1%

LTIMindtree on Thursday reported third-quarter revenue above estimates, propelled by execution of large deals won in previous quarters, although its profit fell on account of an uptick in expenses.

The company’s consolidated revenue rose 7.1 per cent on-year to Rs 9,661 crore ($1.12 billion) in the three months ended Dec. 31, compared to analysts’ average expectations of Rs 9,625 crore as per data compiled by LSEG.