LTIMindtree ke Q2 results aaye hain. Revenue **1.1%** badh kar **$1.23 Billion** ho gaya hai aur margin **15.6%** par settle hua hai. AI sector mein tezi hai, lekin naye order inflows mein thodi girawat dikhi hai.
Results ka analysis: Kahan hai dum?
LTIMindtree ne Q2 mein steady performance di hai. Constant currency terms mein revenue 1.1% badh kar $1.235 Billion ho gaya hai. IT sector mein heavy competition ke bawajood, company ne apna Operating Profit Margin 10 bps badha kar 15.6% kar diya hai. Mazedaar baat ye hai ki ye growth tab aayi jab company wage hikes aur AI initiatives par kharcha badha rahi thi.
Order Inflows ki reality check
Investors ko yahan thoda dhyan dena hoga. Is quarter mein order inflows $1.26 Billion rahe, jo pichle quarter ke $1.68 Billion se kam hain. Management ko umeed hai ki second half mein deal ramp-ups honge, lekin growth trajectory ko accelerate karna hoga.
AI ka future aur Anand Rathi ka Target
Company ab poori tarah AI par focus kar rahi hai. Total revenue mein AI ka hissa ab 13.4% hai, jo pehle 12% tha. AI services se margin behtar mil raha hai. Is growth ko dekhte hue Anand Rathi ne stock par 'Buy' rating di hai aur Target Price ₹5,125 rakha hai.
Kya risks hain?
Randstad Technology Consulting Services ka acquisition abhi integrate ho raha hai, jisme cost aur timeline management ka risk bana hua hai. Sath hi, tech services mein seasonal girawat ki wajah se 4% ki kami aayi hai. Analysts ne FY27-29 ke liye EPS estimates 5.8% tak badhaye hain, toh nazar rakhein ki deal execution kaise hota hai.