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Net profit up 16.2% Qoq to Rs 399 Crore

Computer company Mindtree on Wednesday reported net profit of Rs 399 crore for the quarter ended September 30. This marked a sequential increase of 16.2% from the previous quarter’s net profit of Rs 343.4 crore.

Analysts in a CNBC-TV18 poll had predicted that Mindtree would report a net profit of Rs 358 crore on income of Rs 2,500 crore.

Dollar revenue increased 12.8% sequentially to $ 350.1 million for T2FY22. and 13.4 percent in constant currency terms, beating CNBC-TV18 poll estimates by 8.6 percent and 9.5 to 10 percent, respectively.

“The company had another outstanding quarter of overall performance,” said Debashis Chatterjee, CEO and Managing Director of Mindtree.

He said that with disciplined execution and dedication from Mindtree Minds, the company is well positioned to take advantage of the high demand environment and generate industry-leading profitable growth during the fiscal year. Classes.

Chatterjee added that the performance of the first half of the current fiscal year gives the company the confidence to deliver profitable growth at the forefront of the industry.

Mindtree shares have rewarded investors with a 171% return over the past year. In the past six months alone, Mindtree shares have risen in value almost 110%.

(Edited by : Aditi Gautam)

First publication: STI