LTIMindtree Q3 results: PAT declines 11% YoY to Rs 971 crore, impacted by new labor law, revenue up 12%

IT services company LTIMindtree on Monday reported an 11% decline in consolidated net profit for the December quarter to Rs 971 crore, compared to Rs 1,085 crore in the same period last year. The profit after tax (PAT) is attributable to the shareholders of the company.However, excluding the one-time impact of the new labor law, the result in the quarter under review stood at Rs 1,401 crore, up 29% year-on-year and 1.5% quarter-on-quarter.

The company reported the impact of new labor standards worth Rs 590 crore in its filing with the stock exchanges.

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

Operating earnings before interest and taxes (EBIT) in Q3FY26 stood at Rs 1,737 crore, up 5.4% quarter-on-quarter and 31% year-on-year. The figures do not include the impact of new labor laws.

Q3 in dollar terms

USD sales were $1,208 million, up 2.4% quarter-over-quarter and 6.1% year-over-year, while constant currency sales increased 2.4% quarter-over-quarter and 5.2% year-over-year.

Operating margin (EBIT) was 16.1%, up 20 basis points quarter-on-quarter, while net profit was $157 million, up 0.1% quarter-on-quarter and 22.6% year-on-year. The figures do not take into account the impact of the new labor law.

Also Read: Hindustan Zinc Q3 Results: Vedanta Business Delivers Highest Ever PAT Growth of 46% YoY; sales increase by 27% on the silver wave

Customers

The company reported 746 active customers as of December 31, 2025. Here, customers over $5 million increased by 10 year-over-year to a total of 162. Customers over $10 million increased by 7 year-over-year to a total of 97, while customers over $20 million increased by 8 year-over-year to a total of 47.

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

Management commentary

Commenting on the company’s earnings, Chief Executive Officer and Managing Director Venu Lambu called the Q3 26 performance “strong”, attributing it to the strategic AI pivot, continued success on large deals and operational excellence, supported by proactive efforts to build a more resilient and balanced portfolio.

“This marks our third consecutive quarter of above 2% growth, highlighting our disciplined execution, deep technology expertise and differentiated AI-driven offerings. As we look ahead, we remain focused on driving profitable growth and delivering tangible results for our customers,” said Lambu.

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