Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
LTI Mindtree misses revenue, profit estimates
Business Standard
|April 25, 2024
IT services major LTIMindtree reported a net profit of ₹1,100 crore for the fourth quarter of financial year 2023-24 (FY24), down 1.2 per cent year-on-year (Y-o-Y) from ₹1,141 crore in the same quarter last financial year.
Revenue grew 2.3 per cent Y-o-Y for the fourth quarter to ₹8,892.9 crore. Sequentially, revenue was down 1.4 per cent.
LTIMintree's fourth quarter performance missed Bloomberg estimates. Bloomberg had estimated revenue to be at 8,975.1 crore for the fourth quarter and profit to be at ₹1,154 crore.
This story is from the April 25, 2024 edition of Business Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Business Standard
Business Standard
A ‘balanced’ chief minister
Here are some important facts about Vadasserry Damodara Menon (VD) Satheesan, who has just become chief minister of Kerala, heading the United Democratic Front (UDF) government, led by the Congress.
3 mins
May 23, 2026
Business Standard
Hindalco profit falls 51% after US unit fire
Aditya Birla Group’s metal flagship Hindalco Industries on Friday said its consolidated net profit dropped 50.8 per cent to ₹2,597 crore in the March quarter of FY26, impacted by fire incidents at US subsidiary Novelis’ plant.
1 min
May 23, 2026
Business Standard
Reforms will deliver 10x the savings from austerity
Indians prefer saving over spending. But for this to happen naturally, it requires more than calls to save fuel or work from home
4 mins
May 23, 2026
Business Standard
Info Edge profit rises 11.48% to ₹756 crore
Internet firm Info Edge, which owns Naukri.com, has posted an 11.48 per cent growth in consolidated net profit to ₹756 crore in the March quarter, driven by recruitment solutions.
1 min
May 23, 2026
Business Standard
Why legacy brands are getting tattoos
Air India’s Maharaja has been to the gym — and that, too, not very long ago. The airline’s new logo is sleek, geometric, and stripped of nostalgia.
3 mins
May 23, 2026
Business Standard
Sebi bars 7 from mkts for ‘fraud’ trades, directs ₹20 cr disgorgement
The Securities and Exchange Board of India (Sebi) on Friday debarred seven individuals from the securities market for alleged fraudulent trading in 82 scrips through stock recommendations given on social media platforms. The regulator has also directed to impound ₹20.25 crore of the wrongful gains.
1 min
May 23, 2026
Business Standard
Eicher Motors posts record net profit of ₹1,520 crore
Eicher Motors, the maker of Royal Enfield motorcycles, has posted its highest-ever net profit of ₹1,520 crore during the fourth quarter of FY26, up 12 per cent from ₹1,362 crore during the same period last financial year.
1 min
May 23, 2026
Business Standard
‘Rising crude oil prices a challenge for external sector’
The impact of the surge in crude oil prices following the West Asia war needs to be monitored, even though headline inflation has remained within the tolerance band, as it poses a challenge for the external sector, the Reserve Bank of India’s (RBI's) monthly State of the Economy report said.
2 mins
May 23, 2026
Business Standard
India prepares for next leap in power transmission
1,150 kV UHV INTEGRATION ON THE CARDS
3 mins
May 23, 2026
Business Standard
Fandom as cult
Online pop culture is, to an extent, defined by the phenomenon of fandoms and parasocial relationships.
3 mins
May 23, 2026
Listen
Translate
Change font size