India's LTIMindtree slips to over one-week low after quarterly profit fall

LTM

20/01/2026 04:36

** Shares of LTIMindtree  LTIM.NS fell as much as 7.6% to a more than one-week low of 5,979.50 rupees, last down 6.2%

** Top loser on Indian IT index .NIFTYIT, which is down 1.2%

** Co reported an 8.3% fall in Q3 profit, hit by a one-off impact from newly enacted labour codes; Q3 revenue up 11.6% -in line with estimates

** LTIM's key verticals and top clients continue to face growth pressures, Jefferies says

** Given the ongoing productivity passthrough, see limited scope for margins to expand over FY26-28 and expect LTIM's EBIT margins to remain range bound at 15.5% levels - Jefferies

** Analysts tracking LTIM rate it "hold" on average - data compiled by LSEG

** Stock rose 8.6% last year

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))