LTIMindtree Shares Crash 6% Post Q3 Results; Brokerages Flag Margin Risks

• LTIMindtree shares dropped over 6% after its Q3 FY26 results, trading at Rs 6,012.5.
• Brokerages expressed caution regarding margins and near-term earnings visibility despite in-line performance.
• CLSA maintained an 'Outperform' rating, citing strong deal wins and expected double-digit revenue growth by Q4 FY26.
• Morgan Stanley held an 'Equal-weight' stance, noting growth in a top hi-tech client but cautioning on margin pressure.
• Nomura and Citi issued more cautious views, with Citi having a 'Sell' call due to potential margin dent from wage hikes.

Why It Matters: LTIMindtree shares fell sharply due to brokerage concerns over margins and earnings despite some positive outlooks.