LTIMindtree reported its financial results for the first quarter of fiscal year 2026, posting a net profit of ₹1,254.6 crore, representing an 11.2% increase quarter-on-quarter and a 10.6% year-on-year rise. The company's revenue reached ₹9,840.6 crore, marking a 0.7% sequential growth and a 7.6% increase compared to the same quarter last year. Operating margins improved by 50 basis points to 14.3%. The growth was supported by a recovery in the European and North American markets and strong performance in the consumer business, healthcare, life sciences, and public services sectors. Total contract value (TCV) rose to $1.63 billion. Brokerages described the results as in line with expectations, highlighting strong deal wins and operational discipline. Morgan Stanley maintained an 'equal-weight' rating on LTIMindtree with a target price of ₹5,400. Additionally, Morgan Stanley kept an 'equal-weight' rating on Wipro with a target price of ₹285.