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What should investors do with MindTree post Q2 results: buy, sell or hold?

The company board declared an interim dividend of Rs 7.50 per equity share (75 percent) of par value of Rs 10 each.

October 16, 2020 / 01:44 PM IST

Mindtree share price shed 3 percent in early trade on October 16 a day after the company reported its second quarter earnings.

Company has reported 19 percent QoQ jump in its consolidated net profit at Rs 253.7 crore against Rs 213 crore in the quarter ended June 2020.

Rupee revenue of the company stood at Rs 1,926 crore against Rs 1,909 crore and consolidated dollar revenue was up 3.1 percent at $261 million against $253.2 million.

The company board declared an interim dividend of Rs 7.50 per equity share. The record date for payment of the interim dividend will be October 27, 2020.