Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹1,26,645Cr
Rev Gr TTM
Revenue Growth TTM
11.31%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

LTM
VS
| Quarter | Jun 2023 | Sep 2023 | Dec 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | 13.8 | 8.2 | 4.6 | 2.3 | 5.1 | 5.9 | 7.2 | 9.9 | 7.6 | 10.2 | 11.6 | 15.6 |
| 7,067 | 7,274 | 7,432 | 7,357 | 7,537 | 7,734 | 8,068 | 8,176 | 8,191 | 8,464 | 8,778 | 9,319 |
Operating Profit Operating ProfitCr |
| 18.8 | 18.3 | 17.6 | 17.3 | 17.6 | 18.0 | 16.5 | 16.3 | 16.8 | 18.6 | 18.6 | 17.5 |
Other Income Other IncomeCr | 132 | 143 | 220 | 208 | 227 | 299 | 213 | 251 | 392 | 300 | -363 | 237 |
Interest Expense Interest ExpenseCr | 46 | 47 | 61 | 68 | 72 | 70 | 69 | 67 | 72 | 69 | 69 | 65 |
Depreciation DepreciationCr | 185 | 208 | 199 | 227 | 235 | 241 | 264 | 251 | 243 | 282 | 266 | 264 |
| 1,536 | 1,519 | 1,545 | 1,448 | 1,526 | 1,687 | 1,473 | 1,529 | 1,726 | 1,879 | 1,305 | 1,881 |
| 384 | 357 | 375 | 348 | 391 | 435 | 386 | 401 | 472 | 498 | 345 | 494 |
|
Growth YoY PAT Growth YoY% | 4.1 | -2.3 | 16.9 | -1.2 | -1.5 | 7.7 | -7.1 | 2.5 | 10.5 | 10.3 | -11.7 | 22.9 |
| 13.2 | 13.1 | 13.0 | 12.4 | 12.4 | 13.3 | 11.3 | 11.6 | 12.8 | 13.3 | 8.9 | 12.3 |
| 38.9 | 39.3 | 39.5 | 37.2 | 38.3 | 42.3 | 36.6 | 38.1 | 42.3 | 47.3 | 32.8 | 47.0 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
|
| | 17.4 | 11.2 | 12.4 | 29.3 | 15.2 | 13.7 | 111.1 | 27.1 | 7.0 | 7.0 | 11.3 |
| 3,974 | 4,822 | 5,271 | 6,119 | 7,563 | 8,849 | 9,645 | 20,860 | 27,075 | 29,130 | 31,513 | 34,752 |
Operating Profit Operating ProfitCr |
| 20.2 | 17.5 | 18.9 | 16.3 | 19.9 | 18.6 | 22.0 | 20.1 | 18.4 | 18.0 | 17.1 | 17.9 |
Other Income Other IncomeCr | 92 | 190 | 187 | 426 | 302 | 329 | 274 | 766 | 557 | 702 | 990 | 566 |
Interest Expense Interest ExpenseCr | 10 | 6 | 3 | 16 | 11 | 83 | 79 | 123 | 150 | 222 | 279 | 276 |
Depreciation DepreciationCr | 158 | 174 | 178 | 156 | 147 | 273 | 333 | 597 | 723 | 819 | 992 | 1,054 |
| 937 | 1,035 | 1,236 | 1,442 | 2,028 | 2,003 | 2,588 | 5,294 | 5,792 | 6,049 | 6,214 | 6,791 |
| 168 | 198 | 265 | 329 | 512 | 482 | 650 | 1,344 | 1,381 | 1,464 | 1,612 | 1,808 |
|
| | 8.8 | 16.1 | 14.6 | 36.2 | 0.3 | 27.5 | 103.8 | 11.7 | 4.0 | 0.4 | 8.3 |
| 15.4 | 14.3 | 14.9 | 15.2 | 16.0 | 14.0 | 15.7 | 15.1 | 13.3 | 12.9 | 12.1 | 11.8 |
| 47.7 | 51.0 | 57.1 | 64.9 | 87.7 | 87.5 | 111.0 | 133.7 | 149.1 | 154.8 | 155.3 | 169.3 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Equity Capital Equity CapitalCr | 16 | 17 | 17 | 17 | 17 | 17 | 18 | 30 | 30 | 30 | 30 | 30 |
| 2,010 | 2,108 | 3,127 | 3,843 | 4,876 | 5,387 | 7,286 | 14,258 | 16,563 | 19,988 | 22,669 | 23,995 |
Current Liabilities Current LiabilitiesCr | 929 | 989 | 1,244 | 1,343 | 1,646 | 2,331 | 2,632 | 5,092 | 5,483 | 5,743 | 5,966 | 9,784 |
Non Current Liabilities Non Current LiabilitiesCr | 102 | 48 | 46 | 145 | 128 | 1,089 | 770 | 1,197 | 1,414 | 1,793 | 1,953 | 3,305 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 2,104 | 2,020 | 3,329 | 4,165 | 5,170 | 6,329 | 8,131 | 14,939 | 17,186 | 18,846 | 20,938 | 27,697 |
Non Current Assets Non Current AssetsCr | 954 | 1,142 | 1,106 | 1,185 | 1,499 | 2,496 | 2,578 | 5,644 | 6,310 | 8,717 | 9,692 | 9,499 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Operating Cash Flow Operating Cash FlowCr | 642 | 859 | 1,170 | 844 | 1,395 | 1,644 | 2,400 | 3,251 | 3,095 | 5,670 | 4,546 | 4,799 |
Investing Cash Flow Investing Cash FlowCr | -103 | -44 | -952 | -461 | -744 | -652 | -1,656 | -1,645 | -331 | -3,912 | -1,738 | -1,768 |
Financing Cash Flow Financing Cash FlowCr | -497 | -817 | -33 | -408 | -594 | -890 | -509 | -1,680 | -1,932 | -2,269 | -2,574 | -2,926 |
|
Free Cash Flow Free Cash FlowCr | 448 | 744 | 1,101 | 746 | 1,242 | 1,401 | 2,133 | 2,198 | 2,160 | 4,837 | 3,612 | |
| 83.5 | 102.6 | 120.5 | 75.8 | 92.1 | 108.1 | 123.8 | 82.3 | 70.2 | 123.7 | 98.8 | 96.3 |
CFO To EBITDA CFO To EBITDA% | 63.9 | 83.8 | 95.1 | 71.1 | 74.1 | 81.0 | 88.1 | 61.9 | 50.7 | 88.8 | 70.0 | 63.5 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 0 | 0 | 12,131 | 23,068 | 29,223 | 24,911 | 70,739 | 1,07,914 | 1,40,752 | 1,46,191 | 1,33,103 | 1,19,055 |
Price To Earnings Price To Earnings | 0.0 | 0.0 | 12.9 | 20.7 | 19.3 | 16.4 | 36.6 | 46.2 | 31.9 | 31.9 | 28.9 | 23.7 |
Price To Sales Price To Sales | 0.0 | 0.0 | 1.9 | 3.2 | 3.1 | 2.3 | 5.7 | 4.1 | 4.2 | 4.1 | 3.5 | 2.8 |
Price To Book Price To Book | 0.0 | 0.0 | 3.9 | 6.0 | 6.0 | 4.6 | 9.7 | 12.8 | 8.5 | 7.3 | 5.9 | 5.0 |
| 0.0 | -0.2 | 9.6 | 19.1 | 15.3 | 12.5 | 26.0 | 20.3 | 22.6 | 22.8 | 20.3 | 15.4 |
Profitability Ratios Profitability Ratios |
| 98.5 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 100.0 | 92.3 |
| 20.2 | 17.5 | 18.9 | 16.3 | 19.9 | 18.6 | 22.0 | 20.1 | 18.4 | 18.0 | 17.1 | 17.9 |
| 15.4 | 14.3 | 14.9 | 15.2 | 16.0 | 14.0 | 15.7 | 15.1 | 13.3 | 12.9 | 12.1 | 11.8 |
| 42.5 | 48.1 | 39.4 | 37.8 | 41.6 | 33.0 | 32.9 | 37.3 | 35.1 | 28.4 | 26.1 | 29.4 |
| 37.9 | 39.4 | 30.9 | 28.8 | 31.0 | 28.1 | 26.5 | 27.6 | 26.6 | 22.9 | 20.3 | 20.7 |
| 25.1 | 26.4 | 21.9 | 20.8 | 22.7 | 17.2 | 18.1 | 19.2 | 18.8 | 16.6 | 15.0 | 13.4 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Company Overview**
LTIMindtree Ltd is a global technology consulting and digital solutions company formed in 2022 through the merger of **Larsen & Toubro Infotech (LTI)** and **Mindtree**, both subsidiaries of the **Larsen & Toubro (L&T) Group**. Headquartered in India, the company combines deep engineering heritage with digital innovation to serve over **850 global clients**, including more than **100 Fortune 500 enterprises**, across 41 countries.
With a workforce of over **84,000 professionals**, LTIMindtree offers end-to-end digital transformation services, positioning itself as a full-spectrum partner across core enterprise systems, customer experience, and emerging technologies.
---
### **Strategic Direction & Vision**
LTIMindtree is executing a **strategic pivot toward AI-first services**, structured around three core pillars:
- **AI in Everything**: Embedding AI across all service lines.
- **Everything for AI**: Building platforms and capabilities specifically for AI-driven clients.
- **AI for Everyone**: Democratizing AI access across organizational levels.
The company aims to achieve **$10 billion in revenue** through innovation-led growth in key areas such as **Data & AI, Cloud, Digital Engineering, Quality Engineering, and Enterprise Applications**.
---
### **Core Service Offerings**
LTIMindtree provides industry-specific digital solutions across the following verticals and capabilities:
#### **1. Digital Transformation & Enterprise Applications**
- **SAP Services**: One of the largest SAP practices globally with over **10,500 SAP professionals**, including 3,000+ certified experts. Recognized as an **SAP Global Strategic Services Partner (GSSP)** and first to secure **SAP VPUC certification for Gen AI solutions**.
- **Oracle**: Over **5,000 Oracle-certified professionals**, with proprietary platforms such as **Enclose** and **Novigo** driving Oracle Cloud ERP transformation.
- **ServiceNow**: Elite partner status; delivers large-scale transformations in ITSM and beyond. Has developed **400+ Gen AI Blueprints** and custom accelerators.
- **Salesforce**: Summit-tier partner with **over 6,000 certifications** and Centers of Excellence in AI/Agentforce, Commerce, and Industry Clouds.
- **Temenos**: Global leader in core banking transformation with **800+ certified consultants**, executing 200+ projects and recognized by **Gartner, Forrester, and ISG**.
#### **2. Data, Analytics & Artificial Intelligence (D&A)**
- Offers the **Fosfor suite** of data products and **Canvas.ai**, an enterprise-ready **Generative AI platform** deployed in over 40 client environments.
- Provides scalable AI solutions with **75,000+ Gen AI-trained associates** and **12,000+ data professionals** across 8 Centers of Excellence.
- Offers **Agentic AI**, process intelligence, and pre-built frameworks such as **Leapfrog**, **SmartUnderwriter**, and **Leapgenics**.
- Filed **36 patents** for AI-driven innovations, with co-developed platforms like **Alcazar.ai** (with Databricks) and **CustCare.ai** (with NVIDIA).
- Deep expertise in **Data Modernization, Analytics Engineering, and Data-to-Decision platforms** on **Snowflake**, **Databricks**, and **Informatica**.
#### **3. Cloud, Infrastructure & Security**
- Partnered with **AWS, Microsoft Azure, and Google Cloud Platform (GCP)** under multi-year Strategic Partnership Agreements (SPAs).
- Operates **co-innovation centers** in **Bengaluru (IBM), Hartford, CT (AWS),** and **India (Google Cloud)**.
- Delivers **Gen AI-integrated cloud solutions**, including **AI Native Ops**, **Canvas CloudXperienz**, and **Infinity2.0**.
- Offers **hybrid, multi-cloud, and edge computing** modernization services with security-first architecture.
#### **4. Digital Engineering & Quality Engineering**
- Accelerates application modernization via **Generative AI**, including **4–6x faster app development** through **Low Code/No Code** platforms like **LEAP**.
- Offers **AI-driven Quality Engineering (QE)** via **CosmosQE**, delivering intelligent test automation, cloud testing, and security validation.
- Implements **mainframe modernization, cloud-native development, and composable architectures** using proprietary tools like **Genie Web** and **LTIMGenie**.
#### **5. Enterprise Automation & Hyperautomation**
- Leverages **HyperWeaver**, a proprietary platform for “automating the automation,” combining **Intelligent Process Discovery, Touchless Build, and Gen AI**.
- Delivers **RPA, IDP, ML, Process AI, and Workflow Orchestration** with pre-built bots and accelerators.
- Clients have seen **95% reduction in turnaround time** for P2P and O2C processes using Gen AI and RPA.
#### **6. Industry-Specific Solutions**
LTIMindtree serves key verticals with tailored offerings:
- **Banking & Financial Services (BFSI)**: Supports **top 6 global banks** and **17 Fortune 500 insurers**. Expertise in **core modernization, fraud detection, omnichannel banking, and Temenos-based digital banks**.
- **Manufacturing & Energy**: Implements **AI-powered engineering, ERP modernization, digital twins, and Gen AI solutions**, improving MTTR by **25%** and self-service by **30%**.
- **Retail & CPG**: Partners with **8 of the top 20 CPG firms and 5 of the top 15 retailers**, delivering **Phygital experiences**, **supply chain resilience**, and **low-code commerce platforms**.
- **Healthcare & Life Sciences**: Supports digital therapeutics, precision medicine, and clinical trials with **AI, data analytics, and digital engineering**.
- **Communications, Media & Entertainment (CME)**: Uses **Mediacube** and **5C framework** to modernize content supply chains and enhance streaming experiences.
---
### **Innovation & Platforms**
- **BlueVerse™ Foundry**: Proprietary platform powering **Agentic AI solutions** for legal, IT, and business functions.
- **GCC-as-a-Service**: AI-powered offering to **establish, scale, and optimize Global Capability Centers (GCCs)** using a modular, consumption-based model.
- **NextEra**: A **joint venture with Aramco Digital** established in 2025, expanding its footprint in Saudi Arabia under **Saudi Arabia’s Vision 2030**.
- **Disruptive SaaS (DSaaS)**: Focuses on **Lead-to-Revenue, Source-to-Pay, and Supply Chain Management**, with partnerships with **PROS, Coupa, Conga, and Kinaxis**.
- **Quantum Technology Incubation Unit**: One of the first Indian IT firms to join **IBM’s Quantum Network**, focusing on **quantum computing, communication, and sensing**.
---
### **Strategic Partnerships & Alliances**
LTIMindtree maintains a robust ecosystem of global partnerships:
- **Hyperscalers**: Premier/AWS, Azure Global Elite, Google Cloud Strategic Partner.
- **SaaS & Platforms**: SAP, Salesforce, Oracle, ServiceNow, Pega, Adobe, Boomi.
- **AI & Data**: Databricks (Elite Partner), Snowflake (Top 3 Global Partner), NVIDIA, IBM (CoE in Gen AI), Voicing.AI (strategic investment in Agentic AI).
- **Industry Partners**: Aramco Digital, Cisco, HPE, Dell, Vodafone (for IoT and 5G), McAfee, Rubrik.
---
### **Recent Wins & Key Projects (2025)**
- **Oct 2025**:
- Secured **ERP transformation with a European life sciences firm** (S/4HANA implementation).
- Won cloud migration deal with a **global tech firm** to enhance speed-to-market.
- Awarded contract by **India’s Central Board of Direct Taxes** to modernize PAN infrastructure.
- Selected by a **global FinTech** to deliver **automated merchant certification**.
- Building **Gen AI-powered video metadata extraction** for a media client.
- Developing **Agentic AI solutions** for a global energy firm using BlueVerse™.
- **Jul 2025**:
- Delivered **computer vision-based damage detection** for a rental company, reducing inspection time from **2 weeks to under 3 minutes**.
- Achieved **30% productivity gain** in field services via **Gen AI maintenance solution** for a utility client.
- Reduced **development time by 80%** and **costs by 10–15%** for a financial services client.
- **May 2025**:
- Launched **GCC-as-a-Service**, with AI-driven talent acquisition and modular delivery.
- Partnered with **IBM** on a **global GenAI Center of Excellence**.
- Co-developed **CustCare.ai, RegInspector, and iScan** with **NVIDIA**.
- Secured **$20M+ cost savings** in oilfield operations for an energy client.
---
### **Organizational & Strategic Initiatives**
- **LTIMOne Framework**: Based on **4 pillars** — unified culture, go-to-market strategy, integrated capabilities, and profitable growth.
- **Fit4Future**: Initiative to re-baseline costs, improve agility, and realign talent.
- **Interactive Division**: Recognized in **Ad Age’s Top 25 Agency Companies (2023, 2024, 2025)**. Combines **AI, creativity, and omnichannel strategy** for Fortune 500 brands.
- **Sales Transformation (FY26)**: Reorganizing for **multi-service, multi-geography deals**, led by **Nachiket Deshpande (President, Global AI & Strategic Deals)** based in the U.S.
---
### **Technology & Innovation Roadmap**
- **AI & Gen AI**: Core of delivery model; embedding AI into **SDLC, automation, security, and client operations**.
- **Metaverse & Immersive Tech**: Using **AR/VR, digital twins, and smart spaces** for worker productivity, training, and customer experiences.
- **Sustainability**: Supports clients in **carbon tracking, ESG reporting, and decarbonization** across energy, manufacturing, and utilities.
- **R&D Initiatives**: Through **LTIM Crystal**, the innovation platform explores **quantum, zero-trust, distributed infrastructure, and web3**.