Q2 2025 LTIMindtree Ltd Earnings Call Transcript
Key Points
- LTIMindtree Ltd (BOM:540005) reported a sequential growth of 2.8% in US dollar terms, with Q2 revenue standing at USD1.13 billion.
- The company secured a USD200 million plus TCV over a five-year period through vendor consolidation and long-term revenue commitments.
- LTIMindtree Ltd (BOM:540005) experienced strong hiring, adding over 2,500 employees during the quarter, and opened 22 new logos.
- The EBIT margin improved by 50 basis points sequentially to 15.5%, and the net profit margin was at 13.3%.
- The company has a robust large deal pipeline, with several deals nearing final decisions, and a Q2 order inflow of USD1.3 billion TCV.
- The company anticipates seasonal headwinds in Q3 due to furloughs and fewer billing days, which may moderate growth momentum.
- Wage hikes for all employees in Q3 are expected to put pressure on margins, with an estimated impact of approximately 200 basis points.
- The top 6 to 10 client bucket has seen a decline in revenue, raising concerns about client-specific issues.
- The operating cash flow to PAT ratio decreased to 74.2% from 109.9% in Q1, indicating a decline in cash flow efficiency.
- The discretionary spend from clients remains on hold, with no significant change expected in the near term.
Ladies and gentlemen, the conference of LTIMindtree will begin shortly. Please stay connected.
Ladies and gentlemen, good day, and welcome to the LTIMindtree Q2 FY25 earnings conference call. (Operator instructions) Please note that this conference is being recorded.
I will now hand the conference over to Mr. Vikas Jadhav, Head of Investor Relations, LTIMindtree. Thank you, and over to you, sir.
Thanks, good day, everyone, and welcome to LTIMindtree's Quarter 2 FY 5 earnings call. Today on the call, we have with us Mr. Debashis Chatterjee, he is the Chief Executive Officer and Managing Director; Mr. Sudhir Chaturvedi, President, Global Markets; Mr. Nachiket Deshpande, who is our Chief Operating Officer; and Mr. Vipul Chandra, who is our Chief Financial Officer.
So we'll begin with a brief overview of the company's quarter 2 FY25 performance, after which we will open the floor for Q&A. Just want to kind of remind you that during the call, we could make certain forward
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