LTI Mindtree Reports Negative Financial Performance in Q1 2024

LTI Mindtree, a largecap IT software company, has recently declared its financial results for the quarter ended March 2024. According to the latest report, the company has seen a negative financial performance with a score of -8, a significant drop from the previous score of 2 in the last three months.

The company's operating profit (PBDIT) for the quarter has been reported at Rs 1,535.70 crore, the lowest in the last five quarters. This indicates a negative trend in the near term for the company's operating profit. Similarly, the operating profit margin for the quarter has also been reported at its lowest at 17.27%, showing a decline in the company's efficiency.

Moreover, the profit before tax less other income (PBT) for the quarter has also been reported at its lowest at Rs 1,240.70 crore in the last five quarters. This shows a negative trend in the near term for the company's PBT. Additionally, the PBT has also fallen by -9.95% year on year (YoY), further indicating a negative trend in the company's profitability.

The earnings per share (EPS) for the quarter have also been reported at its lowest at Rs 37.16, showing a decline in the company's profitability and creating lower earnings for shareholders. Furthermore, the debtors turnover ratio for the half-yearly period has been reported at its lowest at 5.26 times, indicating a slower pace of settling its debtors.

Overall, LTI Mindtree's financial performance for the quarter ended March 2024 has been negative, with a decline in various key financial indicators. This may have led to the stock call of 'Sell' by MarketsMOJO. Investors and stakeholders should closely monitor the company's financial performance in the coming quarters.