About the Company:
Mindtree is a global technology consulting and services company, helping enterprises with agility to achieve competitive advantage. They are operating in more than 15 countries across the world and consistently marked as one of the best places to work, over 21,000 entrepreneurial, collaborative, and dedicated research team.
QoQ & YoY Performance:
India’s one of the leading IT Company has declared the results for its last quarter of the fiscal year ending March 2020.
- QoQ Performance: Consolidated Net sales/ revenue of the company stood at Rs. 20,505 crores, went up by 4.34% in March quarter 2020. Total expenditure (excluding interest and depreciation expenses) is Rs. 17,268 crores was slightly down by 3.43%.
- YoY Performance: The Company has reported jumped in sales/revenue by 11.48% while expenditure (excluding interest and depreciation expenses) of the company increased to 10.76%. EBITDA numbers climbed to 10.57%.
- Profitability of the company: Net profit of the company rose to 4.67% to Rs 2,062 crore in the quarter ended March 2020 as against Rs 1,970 crore the last quarter.
As per Lokesh Sethia, SEBI Registered Research Analyst, the stock was closed at Rs. 780.70 per share, up by 2.70%. The company has posted decent quarterly numbers compared to yearly numbers. The board of the company also approved a final dividend of Rs 10 per share. In US$ terms, the company reported net profit at $28.2 million, flat YoY. The revenue for the quarter jumped 6.3% to $278.4 million.