{"id":833900,"date":"2024-07-18T10:28:50","date_gmt":"2024-07-18T04:58:50","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=833900"},"modified":"2024-07-18T10:28:50","modified_gmt":"2024-07-18T04:58:50","slug":"ltimindtree-q1-net-profit-up-3-1-at-rs-1135-crore","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/18\/ltimindtree-q1-net-profit-up-3-1-at-rs-1135-crore\/","title":{"rendered":"LTIMindtree Q1 net profit up 3.1% at Rs 1,135 crore"},"content":{"rendered":"<p>LTIMindtree\u2019s net profit grew 3.1% sequentially to Rs 1,135 crore, but missed ET\u2019s estimate at Rs 1,150 crore. Lower margins compared to corresponding quarter of last fiscal also impacted its net profit which was 1.5% down on a Y-o-Y basis.<\/p>\n<p>Spotting a rare growth opportunities in North American business, LTIMindtree posted a 5.1% year-on-year (Y-o-Y) increase in its revenue at Rs 9,143 crore for the first quarter of FY25. It exceeded ET\u2019s estimate at Rs 9,080 crore. North America revenue contribution grew to 75.1% in the first quarter of this fiscal \u2013 highest since the official merger between the erstwhile IT firms, LTI and Mindtree. On a sequential basis, revenue grew 2.8%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LTIMindtree\u2019s net profit grew 3.1% sequentially to Rs 1,135 crore, but missed ET\u2019s estimate at Rs 1,150 crore. Lower margins compared to corresponding quarter of last fiscal also impacted its net profit which was 1.5% down on a Y-o-Y basis. Spotting a rare growth opportunities in North American business, LTIMindtree posted a 5.1% year-on-year (Y-o-Y) increase in its revenue at Rs 9,143 crore for the first quarter of FY25. It exceeded ET\u2019s estimate at Rs 9,080 crore. North America revenue contribution grew to 75.1% in the first quarter of this fiscal \u2013 highest since the official merger between the erstwhile [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-833900","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/833900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=833900"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/833900\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=833900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=833900"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=833900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}