MindTree gains 9.5% on robust Q4 results

MindTree has reported a growth of 115.31% YoY and 13.7% QoQ in its net profit at Rs 68.9 crore for the fourth quarter of FY12.

Consolidated income from operations increased 34.53% YoY and just 1.2% QoQ to Rs 526 crore in the quarter ended March 2012.

The company reported consolidated forex loss at Rs 4 crore as against loss of Rs 2.5 crore QoQ.

It touched a 52-week high of Rs 547.50. At 12:02 hrs the share was quoting at Rs 535, up Rs 46.55, or 9.53%.
 
It was trading with volumes of 398,113 shares, compared to its five-day average of 5,744 shares, an increase of 6,830.45%.
 
In the previous trading session, the share closed down 1.10% or Rs 5.45 at Rs 488.45.