LTI Mindtree Reports Steady Growth Amid Declining Profit After Tax in December 2024

Feb 14 2025 06:36 PM IST
share
Share Via
LTI Mindtree has recently adjusted its evaluation amid steady performance for the quarter ending December 2024. Key metrics show strong long-term growth, although profit after tax has declined. The company maintains solid fundamentals, but technical trends indicate sideways movement, with fair stock valuation compared to peers.
LTI Mindtree, a prominent player in the IT software industry, has recently undergone an adjustment in evaluation, reflecting the company's current market dynamics. The latest financial data indicates a steady performance for the quarter ending December 2024, with key metrics such as net sales and operating profit showcasing robust long-term growth rates of 29.10% and 26.43%, respectively.

Despite these positive growth indicators, the company has experienced a decline in profit after tax, which fell by 7.1% to Rs 1,085.40 crore. Additionally, the earnings per share reached a low of Rs 36.67, contributing to a consistent underperformance against benchmark indices over the past three years.

LTI Mindtree maintains a strong long-term fundamental strength, evidenced by an average return on equity of 28.11% and a low debt-to-equity ratio. However, the technical trend has shown signs of sideways movement, indicating a lack of clear price momentum. The stock's valuation remains fair compared to its peers, with a price-to-book value of 7.7.

For those interested in further insights, Discover the Latest Mojo Score and Financial Trend Performance - SignUp in less than 2 Minutes and get FREE Premium Access.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News