Margins to improve by 200-250 bps next quarter: LTIMindtree CEO

In a Q&A, Debashis Chatterjee also dwells on the impact of the economic slowdown on his firm's demand outlook

Sourabh Lele New Delhi
Debashis Chatterjee, LTI Mindtree CEO

Debashis Chatterjee, LTI Mindtree CEO

LTIMindtree recorded a 4.7 per cent dip in the net profits in Q3FY23, the first quarter after the merger of erstwhile IT services majors L&T Infotech and Mindtree. Debashis Chatterjee, the CEO and MD of LTIMindtree in an interview with Sourabh Lele says the margins may improve by 200-250 basis points in the next quarter, as integrations will complete.
How would you summarise the quarter? What are the key takeaways from Q3FY23?
It was a historic quarter as two organisations are operationally merging. The process started on November 14, so we had only six weeks in this quarter. Despite all the merger activities, I am very proud of the leadership and the team that they did not lose focus on the business. We saw a very robust growth of 2.4 per cent quarter on quarter (QoQ) and 16.3 per cent year on year (YoY) in contract terms of constant currency. I feel very confident that as we go into the next quarter and beyond, we should be a

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First Published: Jan 23 2023 | 4:23 PM IST

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