MARKETS

Mindtree Net Profit Rises 37% to Rs 472 Crore

Mindtree Ltd stock is up for a fifth straight session.

On Wednesday, Mindtree Ltd had reported 37.3 per cent year-on-year growth in its consolidated net profit at Rs 471.6 crore for the quarter ending 30 June 2022 as compared to Rs 343.3 crore in the same quarter last year.

Meanwhile, Revenue from operations rose 36.2 per cent to Rs 3,121 crore as compared to Rs 2,291.7 crore in the year-ago period.

Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree, said, β€œWe are excited to report a strong start to FY23 with robust revenue growth, solid margin, and a record order book, demonstrating our continued industry-leading growth momentum.”

β€œWith revenues of $399.3 million, up 5.5% sequentially in constant currency on the back of a healthy demand for our digital capabilities, this was our sixth consecutive quarter of more than 5% revenue growth in constant currency,” Chatterjee further said.

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