While the client’s name was not disclosed, LTIMindtree said it will drive the media company’s digital transformation journey by modernising delivery models, streamlining operations and deploying automation, process optimisation and consolidation to enhance efficiency and service quality.
According to a Reuters report, the deal is valued at around $580 million. The development gains significance as it comes at a time when India’s $283-billion IT sector is facing macroeconomic uncertainties, tariff-related risks and changes in U.S. immigration policy. India’s IT companies will report their numbers for the September quarter starting October 9, with TCS being the first in line.
“We are proud to deepen our collaboration with a world-class media and entertainment organisation to create a more agile operating framework for sustained growth,” said Venu Lambu, Chief Executive Officer and Managing Director, LTIMindtree. “This agreement reflects the trust placed in our expertise and our shared commitment to building future-ready enterprises with technology-driven solutions that enhance operational efficiencies, enable growth, and drive measurable business impact in an industry that’s constantly innovating.” s.
Q1 Performance Snapshot
The IT company reported an 11% growth in its Q1FY26 consolidated net profit to 1,255 crore versus Rs 1,135 crore in the year-ago period. The revenue from operations rose 8% at Rs 9,841 crore versus Rs 9,143 crore in the year-ago period.
LTIMindtree’s profit after tax (PAT) was up by 11.2% on a sequential basis versus Rs 1,129 crore in Q4FY25, while the revenue was marginally up by 0.7% on a sequential basis compared to Rs 9,772 crore. LTIM’s dollar revenue stood at $1,153.3 million, gaining by 5.2% YoY and by 2% QoQ. The net profit was reported at $147 million, which is a 13% QoQ and 8% YoY uptick.
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Shares of the company ended the previous session 3% higher at Rs 5,270 on the NSE. The stock has risen 30% in the last 6 months.
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