LTIMindtree jumps on reporting marginal rise in Q4 consolidated net profit
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LTIMindtree is currently trading at Rs. 4385.10, up by 64.80 points or 1.50% from its previous closing of Rs. 4320.30 on the BSE.
The scrip opened at Rs. 4320.35 and has touched a high and low of Rs. 4440.50 and Rs. 4300.00 respectively. So far 34484 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 5360.65 on 15-Nov-2022 and a 52 week low of Rs. 3733.25 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 4440.50 and Rs. 4149.00 respectively. The current market cap of the company is Rs. 129820.49 crore.
The promoters holding in the company stood at 68.68% while Institutions and Non-Institutions held 20.08% and 11.24% respectively.
LTIMindtree has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 1.90% marginal rise in its net profit at Rs 1091.10 crore for the quarter under review as compared to Rs 1070.80 crore for the same quarter in the previous year. Total income of the company increased by 20.17% at Rs 8434.20 crore for Q4FY23 as compared to Rs 7018.30 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported marginal rise of 0.45% in its net profit at Rs 1114.10 crore for fourth quarter ended March 31, 2023 as compared to Rs 1109.10 crore for the same quarter in the previous year. Total income of the company increased by 19.13% at Rs 8757.40 crore for Q4FY23 as compared to Rs 7351.30 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 8.79% rise in its net profit at Rs 4256.30 crore as compared to Rs 3912.30 crore for the previous year. Total income of the company increased by 26.20% at Rs 32476.20 crore for year under review as compared to Rs 25734.00 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 11.65% rise in its net profit at Rs 4410.30 crore as compared to Rs 3950.00 crore for the previous year. Total income of the company increased by 25.55% at Rs 33739.90 crore for year under review as compared to Rs 26874.50 crore for year ended March 31, 2022.
