The Economic Times

LTIMindtree shares tank nearly 7% as Q3 profit falls 11%. What should investors do?

LTIMindtree shares tumbled nearly 7% after it reported an 11% year-on-year net profit decline in Q3, largely due to a one-time Rs 590 crore charge from new labor codes. Excluding this, adjusted profit rose 29% YoY. Revenue increased 12% YoY to Rs 10,781 crore, with management highlighting a strong performance driven by AI strategy and deal wins.