{"id":131201,"date":"2022-07-18T09:46:01","date_gmt":"2022-07-18T13:46:01","guid":{"rendered":"https:\/\/44.250.171.167\/?p=131201"},"modified":"2022-10-06T04:37:53","modified_gmt":"2022-10-06T08:37:53","slug":"mindtree-limited-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/mindtree-limited-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Mindtree Limited Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Mindtree Limited Q1 FY23 Earnings Concall\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/DVMyf9tTYiY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Mindtree Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/MINDTREE\/\">MINDTREE<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>MINDTREE onboarded 4,700 employees in 1Q23, including more than 1,500 fresh graduates. LTM attrition for 1Q23 was 24.5%, which MINDTREE said would take a few more quarters to stabilize.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Mukul Garg of Motilal Oswal asked about TCV deal wins, and the mix of annuity vs. project business. Debashis Chatterjee CEO said that in terms of TCV it\u2019s a 13% YoverY growth. There is some component of TCV that will carry over to the following year with a multiyear opportunity.<\/li>\n<\/ul>\n<ul>\n<li>Sulabh Govila with Morgan Stanley asked if the TTM decline in book-to-bill ratio would change the near term growth trajectory. Venu Lambu ED replied that on book-to-bill ratio, MINDTREE has been floating around 1.2, with 6 consecutive quarters of 5% plus growth. Therefore the time lag from book-to-bill has not changed.<\/li>\n<\/ul>\n<ul>\n<li>Sulabh Govila with Morgan Stanley also enquired about employee cost per capita coming down. Vinit Teredesai CFO said it\u2019s mainly due to increase in fresher intake. And now, 20% of the overall MINDTREE population is in the fresher category.<\/li>\n<\/ul>\n<ul>\n<li>Abhishek of Nomura asked about margin outlook for FY23 and 2Q23 post salary increases. Vinit Teredesai CFO replied that 20% plus is where the company believes its business is at a good place. It might fluctuate each quarter but the endeavor is to sustain 20% margin. Also wage inflation may not have an impact on MINDTREE and should be able to sustain margin in the 20% plus range.<\/li>\n<\/ul>\n<ul>\n<li>Dipesh Mehta of Emkay Global asked about how deal pipeline is shaping up. Venu Lambu ED answered that MINDTREE is seeing an increased traction in demand, overall at an aggregate level. However, there may be pockets of softness here and there. But at overall level, the demand still is positive.<\/li>\n<\/ul>\n<ul>\n<li>Manik Taneja from JM Financial asked about the ability to keep utilization rates higher despite hiring large number of freshers. Debashis Chatterjee CEO said that it\u2019s about the ability to plan and execute. There is nothing different the company is doing; it\u2019s skilling and absorbing freshers into projects in a more effective way.<\/li>\n<\/ul>\n<ul>\n<li>Manik Taneja from JM Financial also asked about DSO outlook. Vinit Teredesai CFO said that the company\u2019s cash collection machinery is working well. MINDTREE added that if it\u2019s able to sustain DSO below 60 days, it will be a good outlook to consider going forward.<\/li>\n<\/ul>\n<ul>\n<li>Manik Taneja from JM Financial enquired about fresher addition for FY23. Vinit Teredesai CFO replied that MINDTREE will be probably looking at closer to 7,500 to 8,000 freshers.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Mindtree Limited (MINDTREE) Q1 FY23 Earnings Concall Management Update: MINDTREE onboarded 4,700 employees in 1Q23, including more than 1,500 fresh graduates. LTM attrition for 1Q23 was 24.5%, which MINDTREE said would take a few more quarters to stabilize. Q&amp;A Highlights: Mukul Garg of Motilal Oswal asked about TCV deal wins, and the [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Mindtree Limited Q1 FY23 Earnings Conference Call Insights #MINDTREE #Q1 #FY23","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,8],"tags":[8588,5075],"class_list":["post-131201","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-technology-stocks","tag-consulting","tag-it-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":134684,"url":"https:\/\/alphastreet.com\/india\/mindtree-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":131201,"position":0},"title":"Mindtree Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 14, 2022","format":false,"excerpt":"https:\/\/youtu.be\/ncmFwGPYoq4 Key highlights from Mindtree Limited (MINDTREE) Q2 FY23 Earnings Concall Management Update: [00:01:54] MINDTREE said its 1H23 signings crossed $1 billion for the first time in company history. [00:10:31] MINDTREE\u2019s 2Q23 LTM attrition was 24.1% and expects it to trend down further. [00:16:57] Subject to regulatory approvals, MINDTREE expects\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/MINDTREE-Q2FY23.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/MINDTREE-Q2FY23.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/MINDTREE-Q2FY23.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/MINDTREE-Q2FY23.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/10\/MINDTREE-Q2FY23.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":128505,"url":"https:\/\/alphastreet.com\/india\/mindtree-limited-q4-fy22-earnings-conference-call-summary\/","url_meta":{"origin":131201,"position":1},"title":"Mindtree Limited Q4 FY22 Earnings Conference Call Summary","author":"Praveen","date":"April 19, 2022","format":false,"excerpt":"https:\/\/youtu.be\/OW_DwFTpIbI Key highlights from Mindtree Limited (MINDTREE) Q4 FY22 Earnings Concall Management Update: During the year, MINDTREE said it added 33 new logos, and grew the revenue share of its focus 100 accounts to nearly 90%. The number of $20 million accounts doubled from 7 to 14. MINDTREE reported that\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":124205,"url":"https:\/\/alphastreet.com\/india\/mindtree-ltd-mindtree-q1-fy22-earnings-concall\/","url_meta":{"origin":131201,"position":2},"title":"Mindtree Ltd (MINDTREE) Q1 FY22 Earnings Concall","author":"Sahil_Anand","date":"July 13, 2021","format":false,"excerpt":"Mindtree Ltd (NSE:MINDTREE) Q1 FY22 Earnings Concall dated\u00a0Jul. 13, 2021","rel":"","context":"In &quot;Technology&quot;","block_context":{"text":"Technology","link":"https:\/\/alphastreet.com\/india\/category\/technology-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Mindtree-Ltd-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Mindtree-Ltd-Q1-FY22-Earnings-Concall.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Mindtree-Ltd-Q1-FY22-Earnings-Concall.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Mindtree-Ltd-Q1-FY22-Earnings-Concall.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Mindtree-Ltd-Q1-FY22-Earnings-Concall.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/Mindtree-Ltd-Q1-FY22-Earnings-Concall.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":126308,"url":"https:\/\/alphastreet.com\/india\/mindtree-limited-q3-fy22-earnings-conference-call-summary\/","url_meta":{"origin":131201,"position":3},"title":"Mindtree Limited Q3 FY22 Earnings Conference Call Summary","author":"Praveen","date":"January 14, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=9vUaU2Xrt0M Key highlights from Mindtree Limited (MINDTREE) Q3 FY22 Earnings Concall Management Update: MINDTREE commented that its North America geography contributed 73% to its revenue, which was the highest, while APAC and Middle East had the least contribution of 8.4%. On the service lines, customer success contributed the most of\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/MindtreeQ322.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/MindtreeQ322.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/MindtreeQ322.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/MindtreeQ322.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/01\/MindtreeQ322.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":173191,"url":"https:\/\/alphastreet.com\/india\/lti-mindtree-q3-fy26-earnings-results\/","url_meta":{"origin":131201,"position":4},"title":"LTI Mindtree Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 20, 2026","format":false,"excerpt":"Larsen & Toubro Infotech Ltd offers extensive range of IT services like application development, maintenance and outsourcing, enterprise solutions, infrastructure management services, testing, digital solutions, and platform-based solutions to the clients in diverse industries. Q3 FY26 Earnings Results Revenue from Operations: \u20b910,781 crore, up 3.7% QoQ from \u20b910,394.7 crore in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"LTI Mindtree Q3 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/LTI-Mindtree-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/LTI-Mindtree-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/LTI-Mindtree-Q3-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/LTI-Mindtree-Q3-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/LTI-Mindtree-Q3-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/LTI-Mindtree-Q3-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":134910,"url":"https:\/\/alphastreet.com\/india\/larsen-toubro-infotech-limited-q2-fy23-earnings-conference-call-insights\/","url_meta":{"origin":131201,"position":5},"title":"Larsen &#038; Toubro Infotech Limited Q2 FY23 Earnings Conference Call Insights","author":"Praveen","date":"October 19, 2022","format":false,"excerpt":"https:\/\/youtu.be\/ydUfobytXIg Key highlights from Larsen & Toubro Infotech Limited (LTI) Q2 FY23 Earnings Concall Q&A Highlights: [00:22:04] Ashwin Mehta from Ambit Capital enquired why the company\u2019s cash generation is so weak and its outlook. Anil Rander CFO answered that last quarter LTI did have an incentive payment on which there\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131201","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=131201"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131201\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=131201"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=131201"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=131201"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}