Announcement • May 05
LTM Limited, Annual General Meeting, Jun 01, 2026 LTM Limited, Annual General Meeting, Jun 01, 2026, at 11:00 Indian Standard Time. Price Target Changed • Apr 29
Price target decreased by 7.3% to ₹4,915 Down from ₹5,303, the current price target is an average from 39 analysts. New target price is 14% above last closing price of ₹4,323. Stock is down 5.8% over the past year. The company is forecast to post earnings per share of ₹209 for next year compared to ₹169 last year. Reported Earnings • Apr 24
Full year 2026 earnings: EPS misses analyst expectations Full year 2026 results: EPS: ₹169 (up from ₹155 in FY 2025). Revenue: ₹423.1b (up 11% from FY 2025). Net income: ₹50.2b (up 9.1% from FY 2025). Profit margin: 12% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.4%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 1% per year. Announcement • Apr 23
Ltm Limited Recommends Final Dividend for the Financial Year Ended March 31, 2026 LTM Limited recommended a final dividend of INR 53/- per equity share of INR 1 each for the financial year ended March 31, 2026, for approval of Members at the ensuing Annual General Meeting (`AGM'). Price Target Changed • Apr 09
Price target decreased by 7.0% to ₹5,303 Down from ₹5,705, the current price target is an average from 38 analysts. New target price is 16% above last closing price of ₹4,572. Stock is up 11% over the past year. The company is forecast to post earnings per share of ₹177 for next year compared to ₹155 last year. Announcement • Apr 06
LTM Limited to Report Q4, 2026 Results on Apr 23, 2026 LTM Limited announced that they will report Q4, 2026 results on Apr 23, 2026 Announcement • Mar 23
Ltm Expands Blueverse Tech with Appiq, Agentiq and Fusioniq LTM – the Business Creativity partner to the world’s largest enterprises, announced the expansion of BlueVerse Tech, its AI-led engineering platform, with the launch of AppIQ, AgentIQ and FusionIQ—three purpose-built platforms designed to help enterprises modernize applications, orchestrate AI-first software delivery, and engineer quality at scale. As software development evolves from human-only execution to human + intelligent agents, traditional effort-driven engineering and QA models are increasingly unable to keep pace. These BlueVerse platforms embed agentic, engineering-aware AI across the software development lifecycle (SDLC), enabling enterprises to move faster from legacy complexity to modern, resilient, and high-quality digital systems. AppIQ applies AI to read and understand legacy codebases, generate documentation, map functional workflows, and produce actionable specifications for forward engineering. What previously required weeks of reverse engineering can now be completed in days, significantly reducing modernization risk and cost. AgentIQ provides a unified platform to deploy, govern, and orchestrate AI agents across the software delivery lifecycle, with ready-to-use agents, no-code setup, and enterprise-grade security—enabling production-ready AI adoption across engineering teams. FusionIQ accelerates enterprise test automation across the software testing lifecycle, from requirement understanding and test design to automation scripting, test data management, and continuous optimization by embedding AI-driven monitoring and feedback into testing workflows. Together, AppIQ, AgentIQ and FusionIQ deliver 40–50% reduction in engineering effort across the software development lifecycle — from legacy modernization and AI-driven delivery to quality engineering — while accelerating time-to-market and lowering ongoing operational costs. AppIQ, AgentIQ and FusionIQ are available globally as part of LTM’s BlueVerse Tech and AI-Led Engineering offerings, through platform adoption, managed services, and transformation-led engagements. Reported Earnings • Jan 20
Third quarter 2026 earnings: EPS misses analyst expectations Third quarter 2026 results: EPS: ₹32.75 (down from ₹36.65 in 3Q 2025). Revenue: ₹110.1b (up 14% from 3Q 2025). Net income: ₹9.71b (down 11% from 3Q 2025). Profit margin: 8.8% (down from 11% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 32%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 10% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 06
LTIMindtree Limited to Report Q3, 2026 Results on Jan 19, 2026 LTIMindtree Limited announced that they will report Q3, 2026 results on Jan 19, 2026 Board Change • Dec 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 3 highly experienced directors. CEO, MD & Director Venu Lambu was the last director to join the board, commencing their role in 2025. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 31
LTIMindtree Launches BlueVerse™? with OGI , Benchmark for Autonomous ITSM Solutions LTIMindtree announced the launch of BlueVerse™? with OGI (Organizational General Intelligence), a next-generation agentic IT Service Management (ITSM) platform engineered to manage operational challenges faced by contemporary enterprises autonomously. As a part of BlueVerse™? Tech Operations, it represents a significant evolution from reactive incident management to proactive, predictive, and autonomous operational intelligence as IT environments become complex. BlueVerse™? Tech operations leverages LTIMindtree's advanced AI ecosystem to deliver an integrated, intelligent platform that enhances productivity and operational efficiency through real-time observability, business-driven insights, and adaptive resolution. AI agents learn and act independently to spot and fix issues before they affect business, helping companies align IT health with business goals and improve resilience, efficiency, and service quality. LTIMindtree's BlueVerse™? OGI, as a part of BlueVerse®? Tech Operations, leverages innovations, including Knowledge Fabric, to unify enterprise data and apply domain intelligence for real-time, accurate IT insights. Its self-governing AI agents autonomously handle detection, diagnosis, planning, and remediation. Business observability links technology health to business outcomes, supporting informed decisions based on KPIs. It also features Conversational AI Copilot for natural language support and robust connectors for seamless IT tool integration and scalable deployment. BlueVerse™? tech Operations ensures that autonomous agents take contextually appropriate, explainable actions aligned with enterprise policies. By enforcing clear guardrails and providing transparency, the platform mitigates operational risks and enables businesses to trust agentic AI for mission-critical operations. Upcoming Dividend • Oct 20
Upcoming dividend of ₹22.00 per share Eligible shareholders must have bought the stock before 24 October 2025. Payment date: 15 November 2025. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 1.2%. Within top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (3.2%). Declared Dividend • Oct 19
First half dividend of ₹22.00 announced Shareholders will receive a dividend of ₹22.00. Ex-date: 24th October 2025 Payment date: 15th November 2025 Dividend yield will be 1.2%, which is lower than the industry average of 1.7%. Sustainability & Growth Dividend is covered by both earnings (41% earnings payout ratio) and cash flows (53% cash payout ratio). The dividend has increased by an average of 19% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 43% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Oct 17
Second quarter 2026 earnings: EPS exceeds analyst expectations Second quarter 2026 results: EPS: ₹47.28 (up from ₹42.25 in 2Q 2025). Revenue: ₹106.9b (up 13% from 2Q 2025). Net income: ₹14.0b (up 12% from 2Q 2025). Profit margin: 13% (in line with 2Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.0%. Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year. Announcement • Oct 01
LTIMindtree Limited to Report Q2, 2026 Results on Oct 16, 2025 LTIMindtree Limited announced that they will report Q2, 2026 results on Oct 16, 2025 Announcement • Sep 26
LTIMindtree Launches BlueVerse™? Right Action for Faster, Safer, and Compliant Enterprise AI LTIMindtree announced the introduction of BlueVerse™? Right Action™?, a first-to-market AI governance framework for agentic AI to enable intelligent decision-making. The framework, built on LTIMindtree's BlueVerse™? AI ecosystem, helps autonomous AI agents adhere to business rules and regulations, reducing enterprises' risk of costly errors. LTIMindtree's Blue Verse™? RightAction™? framework integrates AI governance into autonomous agents, ensuring business rules and regulations compliance. Built into the BlueVerse™? platform, it supports supervised andgenerative models for compliant, context-aware actions, monitoring, documentation, transparency, fraud detection, and rapid low-code deployment. This governance framework supports intelligent decision-making and reduces human intervention, enhancing autonomy, accelerating results, and increasing operational efficiency while building enterprise trust and reducing costly errors. BlueVerse™? RightAction ensures that autonomous agents take contextually appropriate actions that are ethically sound and compliant with enterprise policies. By enforcing clear guardrails and providing explainability, BlueVerse™? Right action mitigates the black-box risks described by governance experts and enables businesses to trust agentic AI. To address the existing talent gap and to create a league of AI-skilled talent, LTIMindtree has launched BlueVerse™? Academy, which is currently training 60,000 employees in the first phase. Partnering with major technology firms and academic institutions, the Academy will provide advanced AI training and offer executive programs, workshops, and co-development opportunities. It will also host hackathons and experiential learning for employees and students, supported by internal resources, industry partners, and expert mentors to develop scalable, future-ready AI talent. Announcement • Jul 30
LTIMindtree Partners with Adobe to Launch BlueVerse Craft Studio LTIMindtree has announced the launch of BlueVerse CraftStudio, a next-generation agency that harnesses Adobe's latest AI-powered innovations to help organizations streamline their marketing operations and unlock significant business benefits. Expanding on LTIMindtree's existing CMO services, CraftStudio is designed to help marketing teams in organizations break through the barriers to AI adoption and business value realization. It offers a scalable team of marketing experts who leverage Adobe solutions such as Creative Cloud, Firefly Services and Custom Models, Frame.io, Substance 3D, GenStudio for Performance Marketing, and Workfront. BlueVerse CraftStudio's combination of LTIMindtree marketing experts and Adobe technologies will help clients: Grow revenue: By bringing full-funnel marketing expertise, CraftStudio leverages AI to improve everything from segmentation and targeting to eCommerce site conversions. Improve efficiency and time-to-market: By streamlining operational processes, CraftStudio can reduce time-to-market by more than 50%. Beat competitors in the AI-adoption race: By providing a team of marketers who are experts at using Adobe's AI-powered innovations, CraftStudio allows clients to immediately realize the benefits of AI without having to build their own AI tech stack and organization. BlueVerse CraftStudio represents a revolutionary advancement in the way marketers can leverage AI to create business value. The partnership between LTIMindtree and Adobe aims to foster innovation and help clients realize a better return on their marketing investment. Reported Earnings • Jul 18
First quarter 2026 earnings: EPS exceeds analyst expectations First quarter 2026 results: EPS: ₹42.33 (up from ₹38.30 in 1Q 2025). Revenue: ₹98.4b (up 7.6% from 1Q 2025). Net income: ₹12.5b (up 11% from 1Q 2025). Profit margin: 13% (in line with 1Q 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 4.8%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Announcement • Jul 02
LTIMindtree Launches GCC-As-A-Service LTIMindtree introduced its GCC-as-a-Service. The services cater to organizations that may want to set up GCCs, scale their existing ones to optimize costs and create added value. The catalogue covers a spectrum of Build, Operate, Transform and Transfer services, offering clients the option to pick and choose what they require. GCC-as-a- Service commercials are designed on a per-seat or per service basis to ensure cost optimization and value realization. LTIMindtree's Talent Solutions, part of Build Services enables clients efficiently onboard business-ready talent from day one through its in-house AI-powered talent acquisition ecosystem. As a part of Transform Services, the Company provides industry specific offerings; technological solutions and frameworks that lead to acceleration of value realization. Clients will be able to leverage its BlueVerse Agentic AI Ecosystem with industry and function specific agents as well as its AI studios across the world to accelerate their AI journey. LTIMindtree' s GCC-as-a- service includes: Build: End-to-end support for setting up entities, ensuring legal and compliance readiness, and building infrastructure in major global cities. Services include operational enablement for finance, accounting, tax, workspace setup, and IT. Operate: Services include transition management, program governance, delivery excellence, and knowledge management. This is further enhanced through LTIMindtree's Talent Engage platform and LTIMindtree Shoshin, an AI-based learning platform for building industry, technology, and soft skills. Transform: Full suite of transformation enablers including industry-specific offerings, technology solutions and frameworks. Clients can also access LTIMindtree's AI studios across the US, Europe, and India. Transfer: Structured transition services covering talent migration, capability handover, change management and knowledge transfer to ensure long-term success and continuity. Announcement • Jun 30
LTIMindtree Limited to Report Q1, 2026 Results on Jul 17, 2025 LTIMindtree Limited announced that they will report Q1, 2026 results on Jul 17, 2025 Announcement • Jun 19
LTIMindtree Launches 'BlueVerse' LTIMindtree has announced the launch of a new business unit and suite of AI services and solutions: BlueVerse. Designed as a complete AI ecosystem, it helps enterprises accelerate their AI concept-to-value journey. This ecosystem is a universe of components that enterprises need to elevate business operations, achieve breakthrough productivity, and create transformational customer experiences. BlueVerse Marketplace currently has over 300 industry and function-specific agents and ensures seamless interoperability and a growing connector ecosystem. It is underpinned by responsible AI governance, delivering enterprise-grade trust and scalability. BlueVerse Productized Services utilize repeatable frameworks, accelerators, and industry-specific solution kits. At launch, BlueVerse will offer pre-built solutions for Marketing Services andContact Center as a Service (CCaaS). With Marketing Services businesses can unlock unparalleled campaign effectiveness and achieve maximum ROI, transforming their marketing strategies into powerful growth engines. CCaaS uses context-aware AI agents to reduce response times leading to enhanced customer satisfaction. This ecosystem also includes BlueVerse Foundry, an intuitive no-code designer and flexible pro-code editor that can enable enterprises to quickly compose and deploy AI agents, AI Tools, assistants, Retrieval- Augmented Generation (RAG) pipelines and intelligent business processes. Upcoming Dividend • May 16
Upcoming dividend of ₹45.00 per share Eligible shareholders must have bought the stock before 23 May 2025. Payment date: 29 June 2025. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.3%. Within top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (2.8%). Announcement • May 06
LTIMindtree Limited, Annual General Meeting, May 30, 2025 LTIMindtree Limited, Annual General Meeting, May 30, 2025, at 15:00 Indian Standard Time. Price Target Changed • Apr 25
Price target decreased by 7.8% to ₹4,939 Down from ₹5,359, the current price target is an average from 40 analysts. New target price is 9.8% above last closing price of ₹4,497. Stock is down 6.1% over the past year. The company is forecast to post earnings per share of ₹173 for next year compared to ₹155 last year. Reported Earnings • Apr 24
Full year 2025 earnings: EPS misses analyst expectations Full year 2025 results: EPS: ₹155 (up from ₹155 in FY 2024). Revenue: ₹380.1b (up 7.0% from FY 2024). Net income: ₹46.0b (flat on FY 2024). Profit margin: 12% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • Apr 23
LTIMindtree Limited Recommends Final Dividend LTIMindtree Limited recommended a final dividend of INR 45 per equity share of INR 1 each, for approval of members at the ensuing Annual General Meeting (`AGM'). Subject to approval of members, the final dividend will be paid within 30 days from conclusion of the AGM. Record Date for the purpose of determining members eligible to receive dividend and the date of AGM, shall be intimated in due course. Announcement • Apr 07
LTIMindtree Limited to Report Q4, 2025 Results on Apr 23, 2025 LTIMindtree Limited announced that they will report Q4, 2025 results on Apr 23, 2025 Recent Insider Transactions • Feb 18
COO & Whole Time Director recently sold ₹12m worth of stock On the 11th of February, Nachiket Deshpande sold around 2k shares on-market at roughly ₹5,676 per share. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹33m. Nachiket has been a net seller over the last 12 months, reducing personal holdings by ₹93m. Recent Insider Transactions • Feb 12
Insider recently sold ₹4.2m worth of stock On the 5th of February, Sivaramakrishnan Senthatty sold around 700 shares on-market at roughly ₹6,021 per share. This transaction amounted to 68% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹33m. Insiders have been net sellers, collectively disposing of ₹945m more than they bought in the last 12 months. Announcement • Jan 21
LTIMindtree Limited Announces Resignation of Sudhir Chaturvedi as Whole-Time Director & President Markets, Effective Form January 27, 2025 LTIMindtree Limited inform that Mr. Sudhir Chaturvedi, Whole-Time Director & President Markets (DIN: 07180115) has resigned from the above position to explore new opportunities outside LTIMindtree Limited. He would be relieved from his duties after the end of office hours of January 27, 2025. Reported Earnings • Jan 17
Third quarter 2025 earnings: EPS misses analyst expectations Third quarter 2025 results: EPS: ₹36.65 (down from ₹39.50 in 3Q 2024). Revenue: ₹96.6b (up 7.1% from 3Q 2024). Net income: ₹10.9b (down 7.1% from 3Q 2024). Profit margin: 11% (down from 13% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.0%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Board Change • Jan 17
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Non-Executive Independent Director Apurva Purohit was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jan 06
LTIMindtree Limited to Report Q3, 2025 Results on Jan 16, 2025 LTIMindtree Limited announced that they will report Q3, 2025 results on Jan 16, 2025 Announcement • Oct 22
LTIMindtree Limited Launches `AI-Smart Underwriter' Solution Powered by ServiceNow LTIMindtree Limited announced the launch of `AI-Smart Underwriter' solution developed in collaboration with ServiceNow to empower underwriters to make more informed, data and AI-driven decisions while driving efficiency through intelligent automation. Through this effort, LTIMindtree will create better experiences and drive value for insurers. As a Strategic Platform Build Partner, the certified AI-Smart Underwriting solution simplifies insurance underwriting with a single, seamless, and integrated view of risk and automation of processes. From submission intake to policy binding and renewals, AI-Smart Underwriting from LTIMindtree and powered by the ServiceNow platform will enable underwriting teams to save efforts on manual tasks and focus on making business critical decisions such as risk selection, eligibility, and pricing. The AI-Smart Underwriting platform serves as central hub where underwriters can access and manage all relevant information, assisted by tools, and resources to evaluate risks and make informed decisions. This will revolutionize traditional insurance underwriting by automating their work with advanced data analytics, AI, and digital tools to provide fast, accurate, and scalable services. AI-Smart Underwriting will enable efficient agent collaboration and empower underwriters with critical insights to make quicker decisions. ServiceNow's expansive partner ecosystem and partner program is critical in supporting the $275 billion forecasted market opportunity through 2026 for the Now Platform. The ServiceNow Partner Program recognizes and rewards partners for their varied expertise and experience to drive opportunities, open new markets, and help customers transform their business across the enterprise. Announcement • Oct 08
LTIMindtree Limited Launches Smart Spaces Offering with ESG Suite LTIMindtree announced the launch of their new comprehensive digital transformation and ESG platform- Smart Spaces 2.0. With this solution, existing and new buildings can be fitted with the latest IoT devices, and the facilities team can instantly access key data on the platform pertaining to operational and environmental metrics such as energy, emission, water and waste. It can help achieve significant savings and operational excellence for investors, landlords, building managers and tenants across residential and office buildings. In commercial and industrial settings, Smart Spaces 2.0 can help with end-to-end ESG reporting across key factors, while delivering predictive maintenance and repair inputs. Clients can also integrate Smart Spaces 2.0 with their existing building and plant management systems to take instant action on alerts provided by the system. Smart Spaces 2.0, a comprehensive suite available through iNXT- LTIMindtree's Digital Transformation Platform, helps enable intelligent and connected building spaces, ensuring optimal efficiency and reliability, with a holistic suite of solutions to lead and accelerate enterprise digital transformation from an ESG perspective. Using the platform, organizations can easily adhere to national and global standards for sustainability frameworks such as GRI, TCFD, BRSR, CSRD and Greenmark, ISO frameworks. The Smart Spaces 2.0 solution can provide global insights with trend analysis on sustainability performance across each pillar- Environment, Social and Governance and an ESG Score. With advanced analytics systems for gap prediction, it recommends and promotes optimization with energy savings, water conservation, waste recycling, emission tracking and reduction. It also brings together complete transparency in supply chain, vendor management, and CSR initiatives management. Smart Spaces also aims to improve productivity in workspaces with better Indoor Environmental Quality and occupants' dynamic care, safety, and security. Alongside various global client implementations, LTIMindtree has implemented the Smart Spaces 2.0 solution at its own offices across Bengaluru, Mumbai and Chennai, with other cities across India to follow. Announcement • Oct 07
LTIMindtree Limited to Report First Half, 2025 Results on Oct 17, 2024 LTIMindtree Limited announced that they will report first half, 2025 results on Oct 17, 2024 Recent Insider Transactions • Sep 24
Insider recently sold ₹9.6m worth of stock On the 18th of September, Arvnd Ankalikar sold around 2k shares on-market at roughly ₹6,370 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹33m. Insiders have been net sellers, collectively disposing of ₹810m more than they bought in the last 12 months. Recent Insider Transactions • Sep 11
COO & Whole Time Director recently sold ₹19m worth of stock On the 6th of September, Nachiket Deshpande sold around 3k shares on-market at roughly ₹6,216 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Nachiket has been a net seller over the last 12 months, reducing personal holdings by ₹81m. Recent Insider Transactions • Sep 04
Insider recently sold ₹15m worth of stock On the 29th of August, Anthony Karakkal sold around 3k shares on-market at roughly ₹6,113 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹604m more than they bought in the last 12 months. Recent Insider Transactions • Aug 29
Insider recently sold ₹1.7m worth of stock On the 22nd of August, Sarbajit Deb sold around 300 shares on-market at roughly ₹5,760 per share. This transaction amounted to 1.0% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹13m. Insiders have been net sellers, collectively disposing of ₹583m more than they bought in the last 12 months. Recent Insider Transactions • Aug 10
Insider recently sold ₹1.6m worth of stock On the 5th of August, Sarbajit Deb sold around 300 shares on-market at roughly ₹5,400 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹13m. Insiders have been net sellers, collectively disposing of ₹565m more than they bought in the last 12 months. Recent Insider Transactions • Jul 30
Insider recently sold ₹13m worth of stock On the 24th of July, Vikash Gaur sold around 2k shares on-market at roughly ₹5,658 per share. This transaction amounted to 16% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹588m more than they bought in the last 12 months. Announcement • Jul 27
LTIMindtree Appoints Karan Rajpal as Senior Director LTIMindtree has appointed Karan Rajpal as Senior Director. In his current role, Karan Rajpal helps run marketing for two mandates at LTIMindtree: iNXT, a digital transformation platform delivering an ecosystem of connected, intelligent, and sustainable solutions and Marketing outcomes for LTIMindtree's delivery units, delivering outcomes across retention, strategic goals and client experience. Prior to this, Karan Rajpal was Head of Marketing at EnableX where he was responsible for all inbound/outbound marketing, built brand awareness, create and run lead gen programs, events, PR, digital marketing across SEO and advertising. In his previous stints, Rajpal has also worked with Dalmia Bharat Limited, HCL Technologies, JLL, Aviva among others. Price Target Changed • Jul 18
Price target increased by 8.2% to ₹5,591 Up from ₹5,167, the current price target is an average from 39 analysts. New target price is approximately in line with last closing price of ₹5,754. Stock is up 16% over the past year. The company is forecast to post earnings per share of ₹168 for next year compared to ₹155 last year. Reported Earnings • Jul 18
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: ₹38.30 (down from ₹38.92 in 1Q 2024). Revenue: ₹91.4b (up 5.1% from 1Q 2024). Net income: ₹11.3b (down 1.5% from 1Q 2024). Profit margin: 12% (in line with 1Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 9% per year and the company’s share price has also increased by 9% per year. Recent Insider Transactions • Jul 05
Insider recently sold ₹3.2m worth of stock On the 28th of June, Sarbajit Deb sold around 600 shares on-market at roughly ₹5,383 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹24m. Insiders have been net sellers, collectively disposing of ₹585m more than they bought in the last 12 months. Announcement • Jul 04
LTIMindtree Limited to Report Q1, 2025 Results on Jul 17, 2024 LTIMindtree Limited announced that they will report Q1, 2025 results on Jul 17, 2024 Announcement • Jun 26
LTIMindtree Limited Announces Executive Changes LTIMindtree Limited announced that Mr. A. M. Naik (DIN: 00001514), Non-Executive Chairman of the Company will relinquish his office upon conclusion of the 28th Annual General Meeting which is scheduled on June 26, 2024. Further, the Board of Directors at its meeting held has approved appointment of Mr. S.N Subrahmanyan (DIN: 00225382), Non-Executive Vice-Chairman, as the Non-Executive Chairman of the Company with effect from June 27, 2024. SNS, as Mr. Subrahmanyan is popularly known, joined the Board of L&T Infotech on 10 Jan. 2015. He was appointed as the Vice Chairman of L&T Infotech on 04 May 2017. SNS has played a stellar role through his though ul guidance and construcve inputs in the growth of LTIMindtree. He was also instrumental in the acquision of Mindtree in 2019 and then led the merger of L&T Infotech and Mindtree. Recent Insider Transactions • Jun 15
Insider recently sold ₹7.5m worth of stock On the 12th of June, Ramesh Kannan sold around 2k shares on-market at roughly ₹5,000 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹879m. Insiders have been net sellers, collectively disposing of ₹1.9b more than they bought in the last 12 months. Announcement • Jun 13
Ltimindtree and SNP Launch Meld Collaborative Services Platform LTIMindtree announced in collaboration with SNP, has launched its latest platform `MELD' for accelerated and reliable realization of mergers, acquisitions and divestitures that accelerates data integrations and process harmonizations for customers. Enterprises embarking on these initiatives have a need for fast, lean, cost-effective solutions tailored to address landscape consolidations, business process integrations & technology requirements in carve out and merger scenarios that ensure seamless data management and zero business disruption. MELD addresses these accelerated cost-effective implementation, thus enabling enterprises to maximize business value with zero disruption for operations. Upcoming Dividend • Jun 12
Upcoming dividend of ₹45.00 per share Eligible shareholders must have bought the stock before 19 June 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 42% and this is well supported by cash flows. Trailing yield: 1.3%. Within top quartile of Indian dividend payers (1.2%). Lower than average of industry peers (2.1%). Reported Earnings • Jun 05
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹155 (up from ₹149 in FY 2023). Revenue: ₹355.2b (up 7.0% from FY 2023). Net income: ₹45.8b (up 3.9% from FY 2023). Profit margin: 13% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year. Announcement • May 31
LTIMindtree Limited, Annual General Meeting, Jun 26, 2024 LTIMindtree Limited, Annual General Meeting, Jun 26, 2024, at 12:30 Indian Standard Time. Location: vidoe conferencing, India Recent Insider Transactions • May 29
Insider recently sold ₹1.4m worth of stock On the 23rd of May, Sarbajit Deb sold around 300 shares on-market at roughly ₹4,831 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹197m. Insiders have been net sellers, collectively disposing of ₹1.1b more than they bought in the last 12 months. Recent Insider Transactions • May 10
Insider recently sold ₹1.4m worth of stock On the 6th of May, Sarbajit Deb sold around 300 shares on-market at roughly ₹4,710 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹63m. Insiders have been net sellers, collectively disposing of ₹699m more than they bought in the last 12 months. Recent Insider Transactions • May 04
Director recently sold ₹24m worth of stock On the 29th of April, Debashis Chatterjee sold around 5k shares on-market at roughly ₹4,728 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹63m. This was Debashis' only on-market trade for the last 12 months. Price Target Changed • Apr 26
Price target decreased by 7.3% to ₹5,053 Down from ₹5,450, the current price target is an average from 37 analysts. New target price is 5.5% above last closing price of ₹4,790. Stock is up 8.4% over the past year. The company is forecast to post earnings per share of ₹170 for next year compared to ₹155 last year. Reported Earnings • Apr 25
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹155 (up from ₹149 in FY 2023). Revenue: ₹355.2b (up 7.0% from FY 2023). Net income: ₹45.8b (up 3.9% from FY 2023). Profit margin: 13% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.5%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year. Announcement • Apr 24
LTIMindtree Limited Recommends Final Dividend for the Financial Year Ended March 31, 2024 LTIMindtree Limited at the Board of Directors at its meeting held on April 24, 2024, approved to recommend a final dividend of INR 45 per equity share of INR 1 each for the financial year ended March 31, 2024, for approval of shareholders at the upcoming Annual General Meeting. Subject to approval of shareholders, the final dividend will be paid within 10 days from conclusion of the AGM. Record Date for the purpose of determining shareholders eligible to receive dividend and the date of AGM, shall be intimated in due course. Announcement • Apr 16
LTIMindtree Limited Announces Executive Changes LTIMindtree Limited announced that Mr. Pankaj Chugh, Executive Vice President - Global Sales and Mr. Gregory Dietrich, Executive Vice President - Global Sales, have resigned from the services of the Company effective, April 15, 2024. Price Target Changed • Apr 14
Price target decreased by 7.1% to ₹5,472 Down from ₹5,893, the current price target is an average from 36 analysts. New target price is 12% above last closing price of ₹4,888. Stock is up 5.2% over the past year. The company is forecast to post earnings per share of ₹157 for next year compared to ₹149 last year. Announcement • Apr 10
LTIMindtree Introduces Composable Storefront Solution on Salesforce to Quick-Launch Digital Commerce Experiences LTIMindtree announced Composable Storefront Quick Launch, a cohesive solution for composable storefront, to enable retailers to translate their expectations into elevated customer experiences with e-commerce components that suit their demands. This solution is built on Salesforce Commerce Cloud. LTIMindtree’s composable storefront solution allows for retailers to create customized shopping experiences to increase business growth, with its over 20 best-in-class UI enhancements and features to kickstart B2C commerce experience in addition to leveraging all out-of-box capabilities including Salesforce Einstein, personalization, campaign management, and Wishlist. The solution also helps speed up the go-to-market timeline of the storefront with built-in custom features like enhanced UX, Dynamic Marketing Pages leveraging Page Designer capability, Store Locator with Google Maps, and Order History. Conventional e-commerce solutions are indivisible, standardized software blocks that are slow to update and difficult to customize, often referred to as legacy or monolithic platforms. Because of this innate lack of adaptability and agility, businesses find it difficult to innovate and even to attract and retain personnel. Furthermore, running monolithic infrastructures now comes with prohibitive costs because of extra fees for integrations, upgrades, etc. Transitioning from a rigid strategy to one that allows for maximum adaptability in their technology stacks will enable businesses to prepare for future goal oriented and economic actions. Adopting a staggered migration to LTIMindtree’s Composable storefront will further reduce the OpEx for the transition, and provide customizable customer experiences, reduced bounce rate, etc. LTIMindtree’s Composable storefront also allows the businesses to offer B2C buyers a personalized experience where they can discover and purchase products easily and when convenient. It will also assist in selling across channels and various geographies. Announcement • Apr 06
LTIMindtree Limited to Report Q4, 2024 Results on Apr 24, 2024 LTIMindtree Limited announced that they will report Q4, 2024 results on Apr 24, 2024 Recent Insider Transactions • Apr 03
Insider recently sold ₹35m worth of stock On the 28th of March, Dibyendu Halder sold around 7k shares on-market at roughly ₹4,970 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹63m. Insiders have been net sellers, collectively disposing of ₹663m more than they bought in the last 12 months. Recent Insider Transactions • Mar 26
Chief Human Resource Officer recently sold ₹10m worth of stock On the 21st of March, Manoj Shikarkhane sold around 2k shares on-market at roughly ₹5,165 per share. This transaction amounted to 8.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹63m. Insiders have been net sellers, collectively disposing of ₹670m more than they bought in the last 12 months. Recent Insider Transactions • Mar 14
Insider recently sold ₹7.8m worth of stock On the 12th of March, Arvnd Ankalikar sold around 2k shares on-market at roughly ₹5,177 per share. This transaction amounted to 2.4% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹13m. Insiders have been net sellers, collectively disposing of ₹557m more than they bought in the last 12 months. Announcement • Mar 07
LTIMindtree Limited Announces CFO Changes LTIMindtree Limited informed that Mr. Vinit Teredesai, Chief Financial Officer has tendered his resignation to explore professional opportunities outside the L&T Group and his last working day would be April 24, 2024 (close of business hours). The Board of Directors at its meeting held on March 7, 2024, accepted the aforementioned resignation, appreciated & recognized Mr. Vinit Teredesai's contribution as Chief Financial Officer of the Company and wished him success for his future endeavors. The company informed that upon recommendation of Nomination & Remuneration Committee and Audit Committee, the Board of Directors have appointed Mr. Vipul Chandra as Chief Financial Officer with effect from April 25, 2024. Mr. Vipul Chandra is currently Head of Treasury at Larsen & Toubro, the parent company. Vipul Chandra (53), based in Mumbai has over 3 decades of rich experience in the finance function. He is currently the Head of Treasury - Corporate Finance for the Larsen and Toubro (L&T) since October 2013 and is responsible for various portfolio in the finance function including managing the banking relationships & operations, financial risk management, managing investments, advising on strategic transactions & fund raising including Offer For Sale for Larsen & Toubro Infotech Limited (now LTIMindtree Limited) and L&T Technology Services Limited & Open Offer for Mindtree Limited. Prior to joining L&T, he was associated with Citibank as Managing Director - Head of Corporate Sales & Structuring from 1995 to 2013. He is an Engineer with specialization in Electronics and Communication from Delhi College of Engineering and is also a Post-Graduate (Diploma in Management) from IIM Calcutta. Announcement • Feb 19
LTIMindtree Unveils Navisource.AI: Revolutionizing Procurement CoPilot on Canvas.AI Platform LTIMindtree announced the launch of Navisource.AI, a GenAI powered autonomous sourcing platform. Using the power of AI-driven pricing and negotiation engine, the platform aims to reduce overall procurement cost by 10-15%. Navisource.AI revolutionizes procurement with AI, streamlining processes from requisition to risk management. It integrates with LLM and Model Catalogs via Canvas.AI, enhancing enterprise workflows. Compatible with Ariba and SAP S/4HANA, it provides comprehensive navigational and decision-making support. Procurement teams can use Navisource.AI for market research, pricing intelligence and recommendations with cost efficiencies at its core. The analysis engine powered by GenAI understands the requirements and arrives at the best fit sourcing strategy. It also eliminates manual touchpoints and enhances collaboration across supplier, procurement function and requestor. Reported Earnings • Jan 18
Third quarter 2024 earnings: Revenues and EPS in line with analyst expectations Third quarter 2024 results: EPS: ₹39.50 (up from ₹33.83 in 3Q 2023). Revenue: ₹92.4b (up 7.1% from 3Q 2023). Net income: ₹11.7b (up 17% from 3Q 2023). Profit margin: 13% (up from 12% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 12% per year. Announcement • Jan 10
LTIMindtree Appoints Shuchi Sarkar as Chief Marketing Officer LTIMindtree appointed former senior executive of Amazon Web Services (AWS), Shuchi Sarkar, as its new chief marketing officer. Sarkar succeeded Paresh Vankar, who resigned in October last year. Sarkar was the global head of marketing - segments at AWS, just before joining the Indian IT firm. Announcement • Jan 09
LTIMindtree Launches Hybrid Cloud Management Platform; Canvas CloudXperienz LTIMindtree announced the launch of its SaaS based hybrid cloud management platform Canvas CloudXperienz. The platform, powered by Artificial Intelligence for IT Operations (AIOPs), helps enterprises explore the full potential of digital transformation initiatives across their cloud management spectrum and redefine the way businesses manage and optimize their hybrid cloud infrastructure and applications; while providing unparalleled efficiency, security, and scalability. Cloud-based platforms serve as the backbone of Digital Transformation leading to service integrators increasingly adopting them to improve user experience, business observability and time to market. The LTIMindtree Canvas CloudXperienz platform provides a 360-degree observability of the business and IT environment which helps users measure the performance trends, peak and off-peak business requirements, benchmark enterprise applications, infrastructure, and cloud resources optimally. This leads to increased efficiency with 40-70% automation of services and freeing up their employees’ time for other strategic tasks. Canvas CloudXperienz, an ISO 270001 certified platform, has a holistic business centric approach to manage the traditional on-premise infrastructure and applications as well as the cloud based workloads and applications. It aims to increase productivity by up to 75% and provide a plug and play option to the existing tools with select modules to achieve greater flexibility. The platform also provides simplified and enriched user experience, enables quicker cloud adoption, generate actionable insights for business operations and provide complete visibility and control of the cloud costs by finding significant resource optimization opportunities. Financial Operations (FinOps) is an integral feature of the Canvas CloudXperienz platform and by integrating with LTIMindtree Infinity, it brings in seamless correlation of cloud performance and contracts data to optimize cloud spending and drive business value. The FinOps solution is designed to provide cost visibility analysis, spend analytics, resource allocation and optimization recommendations, chargeback recommendations and help customers plan for major transformation and modernization initiatives and manage and optimize their cloud costs effectively. The hybrid cloud management platform, Canvas CloudXperienz, has been built by LTIMindtree with contributions from key partners ScienceLogic, ServiceNow, and Delinea. With the Canvas CloudXperienz platform, LTIMindtree aims to improve the business outcomes and agility of the customers and empower them in making more environmentally conscious choices. Announcement • Nov 24
LTIMindtree Launches and Tests Quantum-Safe VPN Link in London LTIMindtree has launched a Quantum-Safe Virtual Private Network (VPN) link at its London premises. This is an move towards the era of quantum-secure communications, where data transmission is protected from the looming "harvest now, decrypt later" threat. LTIMindtree's Quantum-Safe VPN demonstrates the practical application of Post-Quantum Cryptography (PQC) within a live network, using quantum-based key generation and out-of-band key delivery, which is secured by Post-Quantum Cryptography algorithms that are on track for standardization by NIST, thereby bolstering the security and integrity of encrypted data. LTIMindtree's Quantum-Safe VPN platform is realized in close collaboration with its partners Quantum Xchange, a leader in quantum-safe communication solutions, and Fortinet, the global cybersecurity leader driving the convergence of networking and security. Quantum Xchange provides the quantum hardware and software that enable the generation, distribution, and management of quantum keys, while Fortinet’s FortiGate firewall provides the VPN functionality that integrates quantum-safe keys with standards-based VPN protocols. LTIMindtree leverages its integration and domain expertise to implement and operate the Quantum-Safe VPN link across its active network. This platform offers several benefits and opportunities for its customers and stakeholders. LTIMindtree's Quantum-Safe VPN setup, designed as a robust testbed, not only drives the development of industry-specific solutions, but also creates avenues for its customers to co-create industry aligned prototypes and pilots using this advanced infrastructure. LTIMindtree's customers can benefit from the opportunity to experiment with quantum-safe technologies and explore their potential applications and use cases in various sectors and scenarios. By adopting quantum-safe communication solutions, LTIMindtree can ensure a high level of data security for its own operations and for its clients, protecting their sensitive information from the quantum threats of today and tomorrow. LTIMindtree can also provide its customers with guidance and support in their quantum-safe journey, helping them to prepare for the quantum future. LTIMindtree's Quantum-Safe VPN platform is a initiative that showcases the feasibility and benefits of quantum-safe communication solutions in a real-world setting. LTIMindtree, in collaboration with Quantum Xchange and Fortinet, has successfully encrypted data across its active network using quantum-based key generation and out-of-band key delivery, addressing the looming "harvest now, decrypt later" threat today. The Quantum-Safe VPN platform opens new possibilities for its customers to leverage this cutting-edge infrastructure and co-create quantum-safe solutions for their specific needs and challenges. LTIMindtree, along with its partners, is committed to preparing businesses for the quantum era and ensuring their data security and privacy, with more such efforts, in the long term. Announcement • Oct 19
LTIMindtree Limited Declares Interim Dividend LTIMindtree Limited Declared an interim dividend of INR 20 per equity share of INR 1 each. The interim dividend shall be paid within 30 days of declaration to those shareholders whose name will appear in the Register of Members or in the list of Beneficial Owners provided by the Depositories as on October 27, 2023, being the `Record Date' fixed for the purpose. Announcement • Sep 26
LTIMindtree Limited to Report Q2, 2024 Results on Oct 18, 2023 LTIMindtree Limited announced that they will report Q2, 2024 results on Oct 18, 2023 Announcement • Sep 23
LTIMindtree Limited Announces Cessation of Deregistration and Closure of Subsidiary and Branch LTIMindtree Limited announced that M/s. Cuelogic Technologies Inc, USA (wholly owned subsidiary) has been voluntarily deregistered and closed. Further, the Branch office of the Company in Norway has also been voluntarily deregistered and closed. Announcement • Sep 19
LTIMindtree Launches Testing as a Service for Oracle SaaS LTIMindtree announced the launch of Testing as a Service for Oracle SaaS. Following the success of RELY - a comprehensive suite of assurance and compliance services platform for enterprise applications, this new offering sets a new standard for Oracle SaaS testing. LTIMindtree’s Testing as a Service for Oracle SaaS on the RELY platform was created to resolve various challenges that the Oracle Cloud testing and validation pose. Some of the common challenges faced by the testing teams are the manual and time-consuming nature of the testing processes leaving relatively lesser time for analysing and deploying updates. The teams currently work with outdated test scripts that cause accuracy concerns during test result reconciliations. They also face frequent system integration failures, security and compliance issues that limit the SME’s bandwidth, and requires frequent independent third-party testing to ensure optimal performance. The RELY platform is equipped with a powerful set of features to resolve the challenges of the existing testing processes, like the out-of-the-box tests, interactive dashboards for real-time visibility, seamless support for all Oracle versions, end-to-end automation, tighter audit control, and 5X faster testing. RELY was created by LTIMindtree, powered by Tricentis, to further strengthen the enterprise application’s test automation services for SAP, Oracle, and other service lines. LTIMindtree aims at empowering clients across industries to navigate the challenges of the dynamic global business landscape and meet the growing demand for environmentally responsible products. Recent Insider Transactions • Sep 14
Insider recently sold ₹6.6m worth of stock On the 7th of September, Vishnu Prasad sold around 1k shares on-market at roughly ₹5,477 per share. This transaction amounted to 43% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹22m. Insiders have been net sellers, collectively disposing of ₹370m more than they bought in the last 12 months. Announcement • Aug 31
LTIMindtree Limited Announces Resignation of Tridib Barat as Company Secretary & Compliance Officer LTIMindtree Limited announced that Mr. Tridib Barat, Company Secretary & Compliance Officer has tendered resignation (enclosed) from the position to pursue opportunity outside the L&T group, to be effective from close of business hours of August 31, 2023. Recent Insider Transactions • Aug 13
Insider recently sold ₹2.5m worth of stock On the 9th of August, Sarbajit Deb sold around 500 shares on-market at roughly ₹5,057 per share. This transaction amounted to 1.5% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹22m. Insiders have been net sellers, collectively disposing of ₹363m more than they bought in the last 12 months. Announcement • Jul 21
Ltimindtree Limited Announces Resignation of Rajnish Kumar as Independent Director LTIMindtree Limited announced that Rajnish Kumar has relinquished the position of Independent Director on the Board of Directors of the Company effective from July 17, 2023. The letter dated July 17, 2023, received from Mr. Rajnish Kumar in the above respect, is enclosed herewith. Announcement • Jul 06
LTIMindtree Limited Launches V-Protect, Powered by Rubrik, for Comprehensive Data Protection and Recovery LTIMindtree Limited launched a comprehensive cyber- recovery and data protection platform called LTIMindtree V-Protect, powered by Rubrik, the Zero Trust Data Security company. LTIMindtree V-Protect is a first-of-its-kind offering from LTIMindtree which provides data protection and seamless recovery for M365 workloads such as Exchange, SharePoint, OneDrive, and Teams. The solution is designed to mitigate the effects of ransomware attacks, human errors, and data policy breaches to user and company data, as well as validate data compliance. With this solution, LTIMindtree deepens its partnership with Rubrik to deliver enhanced customer experience. LTIMindtree V-Protect combines Rubrik's technology and training with LTIMindtree's implementation support, professional services, governance, analytics and product penetration to deliver seamless and secure collaboration anywhere, anytime using Microsoft 365 applications. LTIMindtree's V-Protect in combination with LTIMindtree VAULT mitigates the challenges associated with backup and recovery, guaranteeing end users a sense of security with respect to their data. Announcement • Jul 04
LTIMindtree Limited to Report Q1, 2024 Results on Jul 17, 2023 LTIMindtree Limited announced that they will report Q1, 2024 results on Jul 17, 2023 Upcoming Dividend • Jul 03
Upcoming dividend of ₹40.00 per share at 1.2% yield Eligible shareholders must have bought the stock before 10 July 2023. Payment date: 16 August 2023. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of Indian dividend payers (1.5%). Lower than average of industry peers (2.0%). Reported Earnings • Jun 25
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹149 (up from ₹134 in FY 2022). Revenue: ₹331.8b (up 27% from FY 2022). Net income: ₹44.1b (up 12% from FY 2022). Profit margin: 13% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 37% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 22
Ltimindtree Launches Canvas.Ai, A Generative AI Platform to Accelerate Concept-To-Value Realization for Enterprises LTIMindtree launched Canvas.ai, an enterprise-ready generative AI platform designed to accelerate the concept-to-value journey for businesses using mindful AI principles. Canvas.ai is among the first-of-its-kind platform designed to help enterprises jump start and scale generative AI capabilities, bolstering business innovation and engineering productivity. Leveraging well-architected framework and sound governance measures, Canvas.ai effectively manages proprietary and industry-specific data, while factoring its ethical use, sustainability, privacy and security. The platform-based architecture of Canvas.ai caters to the business requirements of three key personas -- creators who build the generative AI solutions, admins who manage, and users who consume governed generative AI solutions. Recent Insider Transactions • Jun 17
Insider recently sold ₹6.4m worth of stock On the 14th of June, Nitin Mohta sold around 1k shares on-market at roughly ₹4,886 per share. This transaction amounted to 59% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹24m. Insiders have been net sellers, collectively disposing of ₹273m more than they bought in the last 12 months. Announcement • Jun 15
LTIMindtree Limited, Annual General Meeting, Jul 17, 2023 LTIMindtree Limited, Annual General Meeting, Jul 17, 2023, at 15:45 Indian Standard Time. Recent Insider Transactions • Jun 10
Insider recently sold ₹11m worth of stock On the 2nd of June, Dibyendu Halder sold around 2k shares on-market at roughly ₹5,008 per share. This transaction amounted to 7.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹24m. Insiders have been net sellers, collectively disposing of ₹259m more than they bought in the last 12 months. Recent Insider Transactions • May 29
Insider recently sold ₹12m worth of stock On the 24th of May, James Davidson sold around 3k shares on-market at roughly ₹4,806 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹24m. Insiders have been net sellers, collectively disposing of ₹221m more than they bought in the last 12 months. Recent Insider Transactions • May 23
Insider recently sold ₹11m worth of stock On the 16th of May, Sanjeev Gupta sold around 2k shares on-market at roughly ₹4,774 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹24m. Insiders have been net sellers, collectively disposing of ₹197m more than they bought in the last 12 months. Reported Earnings • Apr 28
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: ₹150 (up from ₹131 in FY 2022). Revenue: ₹337.4b (up 115% from FY 2022). Net income: ₹44.1b (up 92% from FY 2022). Profit margin: 13% (down from 15% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.0%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in India. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 41% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Apr 06
Insider recently sold ₹9.3m worth of stock On the 29th of March, Anuj Shikarkhane sold around 2k shares on-market at roughly ₹4,625 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹22m. Insiders have been net sellers, collectively disposing of ₹149m more than they bought in the last 12 months. Recent Insider Transactions • Mar 18
Insider recently sold ₹2.3m worth of stock On the 14th of March, Sarbajit Deb sold around 500 shares on-market at roughly ₹4,616 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹9.7m. Insiders have been net sellers, collectively disposing of ₹365m more than they bought in the last 12 months. Recent Insider Transactions • Mar 12
Insider recently sold ₹9.7m worth of stock On the 6th of March, Arvnd Ankalikar sold around 2k shares on-market at roughly ₹4,830 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹20m. Insiders have been net sellers, collectively disposing of ₹366m more than they bought in the last 12 months. Recent Insider Transactions • Feb 24
Insider recently sold ₹7.3m worth of stock On the 17th of February, Vishnu Prasad sold around 2k shares on-market at roughly ₹4,841 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹20m. Insiders have been net sellers, collectively disposing of ₹401m more than they bought in the last 12 months. Recent Insider Transactions • Feb 03
Insider recently sold ₹4.4m worth of stock On the 30th of January, Sarbajit Deb sold around 1k shares on-market at roughly ₹4,399 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹20m. Insiders have been net sellers, collectively disposing of ₹459m more than they bought in the last 12 months.