LTIMindtree Q3 results: PAT falls 11% YoY to Rs 971 crore impacted by new labour code, revenue up 12% – News Air Insight

IT services company LTIMindtree on Monday reported an 11% drop in its December quarter consolidated net profit at Rs 971 crore compared to Rs 1,085 crore posted in the year ago period. The profit after tax (PAT) is attributable to the shareholders of the company.

However, excluding the one-time impact of the new labour code, the bottomline stood at Rs 1,401 crore in the quarter under review, up 29% YoY and 1.5% QoQ.

The company reported the impact of new labour norms at Rs 590 crore in its filing to the exchanges.

LTIM’s revenue from operations in the October-December quarter stood at Rs 10,781 crore, rising by 12% YoY versus Rs 9,661 crore in Q3FY25 and 4% QoQ compared to Rs 10,394 crore in Q2FY26.

The operating Earnings Before Interest and taxes (EBIT) in Q3FY26 stood at Rs 1,737 crore, up 5.4% QoQ and 31% YoY. The numbers exclude the impact of new labour codes.

Q3 in dollar terms

The USD revenue stood at $1,208 million, up 2.4% QoQ and 6.1% YoY while the topline in constant currency rose 2.4% QoQ and 5.2% YoY.

The operating margin (EBIT) stood at 16.1%, expanding by 20 bps QoQ while the net profit was at $157 million, up 0.1% QoQ and 22.6% YoY. The numbers do not account for the new labour code impact.

Also read: Hindustan Zinc Q3 results: Vedanta arm delivers highest-ever PAT growth of 46% YoY; revenue rises 27% on silver wave

Clients

The company reported 746 active clients as of December 31, 2025. In this, $5 million+ clients increased by 10 on a YoY basis to a total of 162. The $10 million+ clients increased by 7 on a YoY basis to total 97 while $20 million+ clients increased by 8 on a Yo-Y basis to a total of 47.

Also Read: PNB Q3 Results: Standalone PAT rises 13% YoY to Rs 5,100 crore; NII drops 4.5%

Management commentary

Commenting on the company’s earnings, Chief Executive Officer and Managing Director Venu Lambu called Q3FY26 performance “strong”, attributing it to its strategic AI pivot, continued success in large deals, and operational excellence, supported by proactive efforts to build a more resilient and balanced portfolio.

“This marks our third consecutive quarter of 2%+ growth, highlighting our disciplined execution, deep tech-domain expertise, and differentiated AI-led offerings. As we look forward, we remain focused on driving profitable growth and delivering tangible outcomes for our clients,” Lambu said.

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