LTIMindtree shares surge 8% on $450 million multi-year order contract

Shares of LTIMindtree rallied over 8% after the IT major secured a $450 million deal spanning seven years with a leading global player in the agribusiness sector. In an exchange filing, the company stated that this marks the largest deal in LTIMindtree’s history.

Shares of the company opened at ₹4,750 and reached an intraday and 1-month high of ₹4,977, up 7.6% from the previous close of ₹4,621.60. The stock is currently trading at ₹4,943, up 6.95%.

“As a part of this deal, LTIMindtree will implement an AI-powered operating model to deliver application management, infrastructure support, and cybersecurity services,” the company said in its filing.

"Securing this large deal marks a pivotal milestone as we transform to an AI driven business model, helping our clients enhance productivity." said Venu Lambu, Chief Executive Officer (Designate) and Whole-Time Director, LTIMindtree.

This comprehensive suite of future-ready IT services—leveraging platforms like SAP S/4HANA, ServiceNow, Microsoft Azure, along with proprietary AI frameworks—is designed to enhance clients’ operational efficiency, scalability, and global expansion.

“Winning this important deal underscores our strength in crafting innovative solutions and delivering with excellence,” said Nachiket Deshpande, President - Global AI Services, Strategic Deals, LTIMindtree in a statement.

“This win marks a major breakthrough for our consumer services business. Our AI-driven operating model will drive measurable business impact in an industry that's evolving rapidly,” said Samir Gosavi, Chief Business Officer – Retail and CPG, LTIMindtree, in a statement.

The IT services company reported a 2.6% increase in profit for the fourth quarter of the financial year 2024-25 (Q4FY25), reaching ₹1,128.5 crore. On a sequential basis, profit rose 3.9%. Revenue during the same period in the previous financial year grew 9.9% to ₹9,771.7 crore. On a quarter-on-quarter basis, revenue registered a 1.1% increase. For the full financial year, the company posted a 7% rise in revenue to ₹38,008.1 crore, while profit edged up 0.4% to ₹4,602 crore. Revenue from North America, a key market for the company, rose 6.8%, whereas Europe experienced challenges that led to a 1.5% decline in growth. The company concluded the financial year with a total client base of 741, consistent with the figure reported in Q3FY25.