LTIMindtree has received credit ratings from India Ratings and Research as under: Issuer Rating - IND AAA/ Stable (affirmed) Fund based working capital limits (Rs 114.8 crore) - IND AAA/ Stable/ IND A1+ (assigned) Fund based working capital limits (Rs 227.5 crore) - IND AAA/ Stable/ IND A1+ (affirmed) Proposed fund and non-fund based limits (Rs 28.7 crore) - IND AAA/ Stable/ IND A1+ (assigned) Non fund based limits (Rs 1112 crore) - IND AAA/ Stable/ IND A1+ (affirmed) Non fund based limits (Rs 87 crore) - IND AAA/ Stable/ IND A1+ (assigned) Powered by Capital Market - Live

LTIMindtree Ltd is up for a third straight session in a row. The stock is quoting at Rs 6184.55, up 7.53% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.31% on the day, quoting at 25094.85. The Sensex is at 81939.19, up 0.28%. LTIMindtree Ltd has risen around 6.88% in last one month. Meanwhile, Nifty IT index of which LTIMindtree Ltd is a constituent, has risen around 4.49% in last one month and is currently quoting at 41709.25, up 2.27% on the day. The volume in the stock stood at 24.08 lakh shares today, compared to the daily average of 3.4 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 6171, up 7.35% on the day. LTIMindtree Ltd is up 20.4% in last one year as compared to a 29.74% spurt in NIFTY and a 38.19% spurt in the Nifty IT index.The PE of the stock is 38.11 based on TTM earnings ending June 24.Powered by Capital Market - Live

LTIMindtree Ltd is up for a third straight session in a row. The stock is quoting at Rs 5685.55, up 2.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.14% on the day, quoting at 24574.45. The Sensex is at 80465.57, up 0.04%. LTIMindtree Ltd has dropped around 0.57% in last one month. Meanwhile, Nifty IT index of which LTIMindtree Ltd is a constituent, has dropped around 3.45% in last one month and is currently quoting at 40878.25, up 0.66% on the day. The volume in the stock stood at 1.9 lakh shares today, compared to the daily average of 3.53 lakh shares in last one month. The benchmark August futures contract for the stock is quoting at Rs 5692.5, up 1.97% on the day. LTIMindtree Ltd is up 10.45% in last one year as compared to a 26.71% spurt in NIFTY and a 33% spurt in the Nifty IT index.The PE of the stock is 36.86 based on TTM earnings ending June 24.Powered by Capital Market - Live

The domestic equity benchmarks pared all gains and traded in negative terrain in afternoon trade. The Nifty traded below the 24,200 level after hitting the day's high of 24,340.50 in afternoon trade. IT, metal and oil Q2 at 7.2%; Q3 at 7.3%; and Q4 at 7.2%. Real GDP growth for Q1:2025-26 is projected at 7.2%. The projected CPI inflation for 2024-25 remains unchanged at 4.5%. The quarterly breakdown is as follows: Q2 at 4.4%; Q3 at 4.7%; and Q4 at 4.3%. CPI inflation for Q1:2025-26 is projected at 4.4%. During the recent policy meeting, Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr. Michael Debabrata Patra and Shaktikanta Das voted to keep the policy repo rate unchanged at 6.50%. Dr. Ashima Goyal and Prof. Jayanth R. Varma voted to reduce the policy repo rate by 25 basis points. The minutes of the MPC's meeting will be published on August 22, 2024. The next meeting of the MPC is scheduled during October 7 to 9, 2024. Gainers & Losers: HDFC Life Insurance Company (up 2%), Tata Motors (up 1.95%), HDFC Bank (up 1.33%), Cipla (up 0.93%) and Bharti Airtel (up 0.75%) were major Nifty gainers. LTIMindtree (down 2.88%), Grasim Industries (down 2.80%), Infosys (down 2.74%) Asian Paints (down 2.73%), and Power Grid Corporation of India (down 2.73%) were major Nifty losers. Stocks in Spotlight: Godrej Consumer Products (GCPL) slipped 3%. The company reported 41.36% increase in consolidated net profit to Rs 450.69 crore in Q1 FY25 as comapred with Rs 318.82 crore in Q1 FY24. Revenue from operations fell 3.4% YoY to Rs 3,331.58 crore during the quarter. Lemon Tree Hotels tumbled 8.11% after the company reported a 15.55% fall in consolidated net profit to Rs 19.81 crore in Q1 FY25 as compared to Rs 23.46 crore posted in Q1 FY24. However, revenue from operations jumped 19.52% year on year (YoY) to Rs 268.02 crore in Q1 FY25. BSE surged 8.07% after the exchange platform's consolidated net profit surged 147.62% to 265.05 crore in Q1 FY25 as against Rs 107.04 crore posted in Q1 FY24. However, revenue from operations increased 24.43% sequentially to Rs 607.70 crore in the qarter ended 30 June 2024. Balaji Amines dropped 5.95% after the company's consolidated net profit declined 17.90% to Rs 43.29 crore in Q1 FY25 as against Rs 52.73 crore posted in Q1 FY24. Revenue from operations was at Rs 384.75 crore in Q1 FY25, down 17.02% from Rs 463.67 crore recorded in the corresponding quarter previous year. Radico Khaitan added 0.62%. The company's standalone net profit jumped 20.7% to Rs 76.3 crore during the quarter as compared with Rs 63.2 crore in Q1 FY24. Revenue from operations (excluding excise duty) increased 19.1% YoY to Rs 1,136.5 crore during the quarter. KPI Green Energy was hit an upper circuit of 5% after the company's consolidated net profit surged 98.76% to Rs 66.11 crore in Q1 FY25 as compared to Rs 33.26 crore recorded in Q1 FY24. Revenue from operations climbed 83.78% year on year (YoY) to Rs 348.01 crore in Q1 FY25. ITD Cementation India surged 14.92% after the company's consolidated net profit zoomed 91.89% to Rs 100.19 crore in Q1 FY25 as against 52.21 crore posted in Q1 FY24. Revenue from operations increased 29.95% year on year (YoY) to Rs 2,381.49 crore in the quarter ended 30 June 2024. Apollo Tyres declined 1.88% after the company's consolidated net profit slipped 23.91% to Rs 302 crore in Q1 FY25 as against Rs 396.91 crore recorded in Q1 FY24. Revenue from operations grew by 1.45% to Rs 6,334.85 crore in Q1 FY25 as compared to Rs 6,244.58 crore posted in the same period a year ago. Global Markets: European stocks declined while Asian stocks traded mixed on Thursday, following a decline on Wall Street. The continued volatility in global markets reflects investor concerns over the global economy. Market participants are also closely monitoring corporate earnings reports being released worldwide. US stocks closed lower on Wednesday, with the Nasdaq leading the decline amid a slump in technology shares. A weak demand for a 10-year Treasury auction further rattled investor sentiment. The Dow Jones Industrial Average fell 0.60%, the S&P 500 lost 0.77%, and the Nasdaq Composite dropped 1.05%.Powered by Capital Market - Live

Revenue from operations rose 2.8% QoQ to Rs 9,142.6 crore in Q1 FY25. As compared with Q1 FY24, the company's net profit declined 1.5% and revenue jumped 5.1%. Profit before tax (PBT) stood at Rs 1,525.6 crore in Q1 FY25, up 5.34% QoQ and 0.7% YoY. In Q1 FY25, EBITDA was at Rs 1606.1 crore, down 1.8% YoY. EBITDA margin fell to 17.6% in Q1 FY25 as against 18.8% in Q1 FY24. In dollar terms, the IT firm's revenue stood at $ 1,096.2 million in Q1 FY25 up 2.5% QoQ and 3.5% YoY. Net profit was at $ 136.1 million, up 2.8% QoQ and down 2.9% YoY. In constant currency terms, revenue grew 2.6% QoQ and 3.7% YoY. The company said that it added 27 new clients during the quarter ended 30 June 2024. Total client base currently stood at 748 active clients. Total headcount in Q1 FY25 was 81,934. The firm's TTM attrition rate stood at 14.4% in Q1 FY25. Debashis Chatterjee, chief executive officer and managing director, said, 'While the environment remains unchanged, fiscal 25 started on a positive note for us with Q1FY25 revenue of $1.1 billion, registering a 2.5% QoQ and 3.5% YoY revenue growth in $ terms. Our Q1FY25 EBIT expanded to 15% and order inflow remained stable at $1.4 billion. Our top 3 industry verticals and our largest geography have performed well sequentially. This is attributed to a measured uptick in IT spending for critical initiatives with clients balancing innovation and fiscal prudence.' Meanwhile, the company's board approved to setup a wholly owned subsidiary in Brazil with an initial investment of $1 million in one or more tranches. LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. LTIMindtree a Larsen & Toubro Group company combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. Powered by Capital Market - Live

Net profit of LTIMindtree declined 1.54% to Rs 1133.80 crore in the quarter ended June 2024 as against Rs 1151.50 crore during the previous quarter ended June 2023. Sales rose 5.06% to Rs 9142.60 crore in the quarter ended June 2024 as against Rs 8702.10 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales9142.608702.10 5 OPM %17.5718.79 - PBDT1760.801721.10 2 PBT1525.601536.40 -1 NP1133.801151.50 -2 Powered by Capital Market - Live

Revenue from operations increased 2.8% QoQ to Rs 9,142.6 crore in Q1 FY25. As compared with Q1 FY24, the company's net profit declined 1.5% and revenue jumped 5.1%. Profit before tax (PBT) stood at Rs 1,525.6 crore in Q1 FY25, up 5.34% QoQ and 0.7% YoY. In Q1 FY25, EBITDA was at Rs 1606.1 crore, down 1.8% YoY. EBITDA margin fell to 17.6% in Q1 FY25 as against 18.8% in Q1 FY24. In dollar terms, the IT firm's revenue stood at $ 1,096.2 million in Q1 FY25 up 2.5% QoQ and 3.5% YoY. Net profit was at $ 136.1 million, up 2.8% QoQ and down 2.9% YoY. In constant currency terms, revenue grew 2.6% QoQ and 3.7% YoY. The company said that it added 27 new clients during the quarter ended 30 June 2024. Total client base currently stood at 748 active clients. Total headcount in Q1 FY25 was 81,934. The firm's TTM attrition rate stood at 14.4% in Q1 FY25. Debashis Chatterjee, chief executive officer and managing director, said, 'While the environment remains unchanged, fiscal 25 started on a positive note for us with Q1FY25 revenue of $1.1 billion, registering a 2.5% QoQ and 3.5% YoY revenue growth in $ terms. Our Q1FY25 EBIT expanded to 15% and order inflow remained stable at $1.4 billion. Our top 3 industry verticals and our largest geography have performed well sequentially. This is attributed to a measured uptick in IT spending for critical initiatives with clients balancing innovation and fiscal prudence.' Meanwhile, the company's board approved to setup a wholly owned subsidiary in Brazil with an initial investment of $1 million in one or more tranches. LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. LTIMindtree a Larsen & Toubro Group company combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale. The counter advanced 1.53% to ends at Rs 5,561.65 on 16 July 2024. The domestic market is closed today on account of Moharram.Powered by Capital Market - Live