As compared with Q1 FY23, the company's net profit increased 4.1% whereas its revenue has jumped by 13.8%.

EBITDA grew by 2% QoQ and 9.3% YoY to Rs 1,635.5 crore in the first quarter. EBITDA margin was 18.8% in Q1 FY24 as against 18.5% in Q4 FY23 and 19.5% in Q1 FY23.

In dollar terms, the company recorded revenues of $1,058.7 million, registering a marginal growth on QoQ basis while 8.1% rise on YoY basis. Revenue growth, in constant currency terms, was 0.1% QoQ and 8.2% YoY.

During the quarter, the IT firm's order inflow was at $1.41 billion.

The company said it added 19 new clients during the quarter ended 30 June 2023. The total client base currently stood at 723 active clients.

Total Headcount in Q1 FY24 was 82,738. The firm's trailing twelve months (TTM) attrition rate stood at 17.8% in Q1 FY24 as against 20.2% in Q4 FY23 and 24% in Q1 FY23.

Debashis Chatterjee, chief executive officer and managing director of LTIMindtree said, “During the first quarter of FY24, LTIMindtree delivered 8.2% YoY revenue growth in constant currency. Our key verticals BFSI, Manufacturing & Resources and Hi-Tech, Media, and Entertainment which make up 75% of our revenues performed well. Our strategic programs are bearing fruit and is evident in the upward movement across our client buckets. The order inflow continued to increase and reached $1.41 billion in this quarter. Our operational rigor helped us achieve an EBIT of 16.7% and PAT of 13.2%.”

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.

The scrip rose 0.78% to end at Rs 5,133.95 on the BSE.