Earnings before interest, tax (EBIT) was up 33.2 percent at Rs 236.4 crore versus Rs 177.5 crore.
Mindtree's net profit jumped 45.9 percent to Rs 197 crore for the quarter ended December 2019 (Q3FY20) against Rs 135 crore in the previous quarter.
Revenue of the company rose 2.7 percent to Rs 1,965.3 crore versus Rs 1,914.3 crore, however, dollar revenue was down 7.2 percent at USD 251.5 million versus USD 271 million, QoQ.
Earnings before interest, tax (EBIT) was up 33.2 percent at Rs 236.4 crore versus Rs 177.5 crore, while EBIT margin was up 270 bps at 12 percent versus 9.3 percent, QoQ
“We continue to execute our growth strategy, proactively incubate deals by mining strategic clients and nurture a learning-led culture. The recently concluded Annual Customer Experience Survey results depict industry-leading scores, indicating our exceptional work in delivering quality services to our clients,” said Debashis Chatterjee, CEO & Managing Director, Mindtree.
As on December 31, 2019 the company has 320 active clients.The stock ended 2.86 percent higher at Rs 863.75, up Rs 24 on the BSE.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.