LTIMindtree Q3 Preview: Revenue may grow by up to 6.7% YoY. Margin drop seen due to wage hike

LTIMindtree’s adjusted profit after tax is expected to fall between 1.5% and 8.3% for the October-December quarter, with the bottom line ranging from Rs 1,152 crore to Rs 1,084 crore. A sharper decline is anticipated on a quarter-on-quarter basis due to furlough impact. EBIT margin is also projected to decline YoY and sequentially. Key focus areas include cost takeout projects, banking vertical, and client spending outlook.