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Mindtree Limited reported their financial result for the period ended on December 31, 2018, with a net profit of Rs. 1,91.2 crores, posting growth of 35.1percent as compared to the net profit of Rs 141.5 crores during corresponding of the previous fiscal.
As per the company’s statement, the total revenue during the December-end quarter of FY19 stood at Rs 17,87.2, registering a growth rate of 29.7 per cent year on year basis whereas 1.8 per cent rate of increase quarter on quarter basis.
Mindtree’s EBIT (earnings before interest and tax) inclined 5.6 per cent on a QoQ basis to Rs 242.3 crore for the quarter under discussion. EBIT margin also expanded 50 basis points over the previous quarter to 13.6 per cent.
Mindtree revenue in dollar terms grew by 17.4 per cent YoY and 2.1 per cent QoQ basis to US$ 251.5 million. However, the company’s profit (in USD terms) declined 7.5 per cent to $26.9 million on QoQ basis. Mindtree’s constant currency growth inclined by 2.4 % QoQ basis.
Rostow Ravanan, CEO & Managing Director, Mindtree said, “Our consulting first approach combined with deep technology and domain expertise is helping our clients drive enterprise-wide transformations. This has also helped us win several recognitions from industry analysts for our capabilities and sustain our growth momentum even in a seasonally weak quarter.”
Mindtree also declared an interim dividend of Rs.3/- per equity share (30%) of the par value of Rs.10/- each. The record date for the interim budget is fixed on January 24 and shareholders will get the payout on or before January 31.
