LTIMindtree Q4 Results: Net profit at ₹1,128.5 cr; announces final dividend of ₹45

LTIMindtree Ltd. on Wednesday, April 23, reported a net profit of ₹1,128.5 crore for the January to March quarte. The figure was marginally lower than the CNBC-TV18 poll expectation of ₹1,138 crore. The same was ₹1,086.7 crore in the previous December quarter.

The IT services company's rupee revenue stood at ₹9,771.7 crore, a growth of 1.1% quarter-on-quarter. This compares to CNBC-TV18 poll projection of ₹9,865 crore for the quarter under review and ₹9,660.9 crore in the last quarter.

Revenue in US dollar terms stood at $1,131 million, compared to CNBC-TV18's poll of $1,139 million. The figure was down 0.7% as against $1,138.7 million QoQ.

The revenue growth in terms of constant currency fell 0.6%. The CNBC-TV18 poll had projected a CC revenue growth of 0.2%.

EBIT for the quarter stood at ₹1,345.4 crore. A CNBC-TV18 poll had pegged the figure at ₹1,381 crore.

For the December quarter, EBIT margin was flat at 13.8%. The figure was 20 basis points lower than our poll of 14%.

The Board of LTIMindtree Ltd. has recommended a final dividend of ₹45 per equity share on face value of ₹1 each. Record Date for the said dividend will be intimated in due course.