Digital solutions giant LTIMindtree faced a profit squeeze in Q3 FY26, with net earnings falling 10.4% to ₹970.6 crore from ₹1,085.4 crore the previous year. The results, shared Monday, spotlight a ₹590.3 crore one-time hit from new labor codes.
In its filing, the firm slotted this as an ‘exceptional item’ in financials ending December 31, 2025, stressing it’s a regulatory one-off, not a core performance issue. This transparency aims to steady investor nerves amid the headline dip.
Bright spots abound in topline metrics. Revenue jumped 11.49% to ₹11,008.2 crore, beating last year’s ₹9,873.4 crore, while operational revenue advanced 11.59% to ₹10,781 crore—evidence of thriving client engagements.
CEO Venu Lambu shared optimism: ‘Q3 showcases our AI transformation, deal-winning streak, and operational edge, bolstered by a stronger portfolio mix.’ He pointed to three consecutive quarters of 2%+ growth, rooted in disciplined strategies and AI prowess.
As this adjustment fades, LTIMindtree’s underlying momentum—fueled by tech innovation and global demand—bodes well for future quarters. The company remains a key player in India’s IT export engine.