Ltimindtree earnings calls.

LTI Mindtree delivered a solid Q3 FY26 with revenue of Rs 10,781 croreCurrent reported value: Rs 10,781 crore. No comparable prior figure is available in the source record. (USD 1.21 billion), growing 11.6Current reported value: 11.6. No comparable prior figure is available in the source record.% YoY in INR terms and 6.1% in USD. Operating margins expanded 20bps sequentially to 16.1%Current 16.1%. Reported change: +20bps QoQ., driven by fit-for-future cost initiatives and favorable forex, despite a one-time Rs 590 crore labor code charge. Adjusted PAT grew 29%Current 29%. Reported change: +150bps QoQ. YoY to Rs 1,401Current reported value: 1,401. No comparable prior figure is available in the source record. crore. Deal momentum was strong with $1.7 billion order inflow (+6.4% QoQ), including a $155 million TCV insurance deal and positioning as a top-5 service partner for a global financial institution. Vertically, Manufacturing (+9.4%), Healthcare (+9.9%), and Rest of World (+14.1%) drove growth, partially offset by BFSI decline (-7%) due to ongoing client productivity cycles. Management targets near double-digit YoY growth by Q4 and higher annual EBIT margins versus FY25, with the new 'New Horizons' program set to replace fit-for-future. Key risk: BFSI top-client productivity cycle and wage hikes (50% population in Q4) may pressure near-term margins.