LTIMindtree Q3 Results updates, now sixth largest IT service provider in india as merger happens in december company first time announced combine quarterly results. Today company send updates about third quarterly to exchanges means BSE and NSE.
LTIMindtree was started in 1996 in mumbai company’s current market cap is 70,000 Crores but after combine with Mindtree it become 150,000 Crores with holding sixth rank. LTIMindtree’s major revenue come from europe continent which include software development charges.
In that letter company’s board of director told ” Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘LODR’), this is to inform you that a meeting of the Board of Director’s of the Company will be held
on Friday, January 20, 2023, inter-alia, to consider, approve and take on record, the unaudited standalone and consolidated financial results of the Company for the quarter ended December 31, 2022, along with the Limited Review Reports of the Statutory Auditor thereon “.
Hcl Technologies Q3 Results, LTIMindtree Q3 Results
Company also announced that it will give interim dividend. In this letter company say’s ” In the aforementioned meeting, the Board of Directors will also consider a proposal to declare an interim dividend on the equity shares of the Company of face value Re. 1 each and the ‘ Record Date’ for payment of interim dividend, if declared, would be Tuesday, January 31, 2023 “.
Brokerage Expectation on LTIMindtree Q3 Results ?
Motilal Oswal said the combined entity should see slower-than-usual third quarter growth as strong December quarter for LTI would be partly offset by high furloughs in Mindtree. It expect 50-100 bps pass-through impact. Verticals such as Retail, Pharma, and Manufacturing are projected to be slower in while BFSI should continue to do well, it said. Net-net, Motilal Oswal sees 100-120 bps margin impact (QoQ on combined basis) due to furloughs. Further, LTIMindtree is expected to see a one-time
integration cost of 100 bps. Commentaries around integration, revenue synergies and deal pipeline remain the key monitorables for the stock. Revenues are seen at Rs 8,616.60 crore, profit at Rs 1,195.50 crore. Dollar revenues for this IT firm are seen at $1,048 million.
Last time at september quarter company post strong results and shock everyone. LTI post a revenue of 4,837 crores as compared to june quarter 4,523 crores sharp rise of 7 percent and net profit of 679 crores as compared to june quarter it stood at 633 crores.
LTIMindtree gave dividend to shareholders last on march quarter of 30 rupees. After two quarters company will announced dividend to investors.