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