Revenue from operations increased by 2.34% quarter on quarter (QoQ) to Rs 8,905.40 crore in Q2 FY24.

As compared to Q2 FY23, the company's net profit declined 2.2% while revenue grew by 8.2% duing the quarter.

Profit before tax was at Rs 1,519.30 crore in quarter ended 30 September 2023, registering a decline of 1.11% QoQ and 2.8% YoY.

EBITDA grew marginally on QoQ and YoY basis to Rs 1,631.30 crore in the September quarter. EBITDA margin was 18.3% in Q2 FY24 as against 18.8% in Q1 FY24 and 19.9% in Q2 FY23.

In dollar terms, the company recorded a revenue of $1,075.5 million, registering a growth of 1.6% QoQ and 5.2% YoY. Revenue growth, in constant currency terms, was 1.7% QoQ and 4.4% YoY.

During the quarter, the IT firm's order inflow stood at $1.3 billion, recording a growth of 20%.

The company said it added 30 new clients during the quarter ended 30 September 2023. The total client base currently stood at 737 active clients.

Total Headcount in Q2 FY24 was 83,532. The firm's trailing twelve months (TTM) attrition rate stood at 15.2% in Q2 FY24 as against 17.8% in Q1 FY24 and 24.1% in Q2 FY23.

Meanwhile, the company's board has declared an interim dividend of Rs 20 per equity share. The record date for the same is 27 October 2023 and the dividend will be paid within 30 days of its declaration.

Debashis Chatterjee, chief executive officer and managing director, said, “Our results in the second quarter were highlighted by strong revenue growth of 5.2% YoY, in USD terms, along with a healthy operating margin of 16% despite wage hikes across the organization. This all-round performance, in a challenging business environment, demonstrates the strength of our capabilities and disciplined execution.

Our robust order inflow at $1.3 billion, representing a 20% increase YoY, and growth across our client bands speaks to the strength of our client relationships, robust delivery and our ability to address the priorities of our clients across their efficiency and transformation mandates.”

LTIMindtree is a global technology consulting and digital solutions company that enables enterprises across industries to reimagine business models, accelerate innovation, and maximize growth by harnessing digital technologies. LTIMindtree a Larsen & Toubro Group company combines the industry-acclaimed strengths of erstwhile Larsen and Toubro Infotech and Mindtree in solving the most complex business challenges and delivering transformation at scale.