Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Mindteck Reports Financial Results for the Quarter Ended September 30, 2019

Posted On: 2019-11-14 15:49:20

Mindteck (India) Limited (BSE: 517344 and NSE: MINDTECK), a global technology company, today reported its unaudited financial results for the quarter ended September 30, 2019.

The company's consolidated revenue for the quarter stood at Rs. 68.06 crores as against Rs. 68.54 crores for the previous quarter ended June 30, 2019. Net loss for the quarter stood at Rs. 1.55 crores as against a profit of Rs. 0.35 crores for the previous quarter.

Yusuf Lanewala, Non-Executive Chairman, commented, "The company's performance continues to be impacted by our strategy of building a talent pool suited to the dynamics of change in client needs and our increased focus on technologies, such as analytics and cloud. We believe that these endeavors, along with more business in managed services, will bring long-term growth in these emerging areas." He further added, "It is a delight to note that the global logo wins included a premier Japanese multinational conglomerate, a prestigious investment bank in Bahrain, and a global home automation leader headquartered in the US."

Sanjeev Kathpalia, CEO and Managing Director, added, "Despite the quarter's results, we are pleased to have added prominent companies to our client roster, along with witnessing significant growth among many existing accounts. Notably, we are now engaged in an automation project with one of the world's largest medical technology companies. We are also working on a project for the information security division of a leading Information Communications Technologies (ICT) provider in Singapore encompassing design, functional testing, and prototyping of a portable USB 2.0 pluggable wi-fi device." He further added, "Lastly, but importantly, we are very pleased to announce that we have opened a second office in Bengaluru in order to strengthen our service delivery capabilities."

Other notable business highlights include:

- Secured a new logo for a Singapore-based company specializing in IoT products
- Won business with a leading German multinational conglomerate
- Secured project extensions with a Fortune 500 technology company in both their Romanian and German centres of excellence
- Won additional business with existing semiconductor companies
- Renewed a multi-year data centre contract with a large system integrator in the US
- Awarded a multi-year extension by a large information technology company.

Shares of MINDTECK (INDIA) LTD. was last trading in BSE at Rs.33.85 as compared to the previous close of Rs. 34.75. The total number of shares traded during the day was 456 in over 32 trades.

The stock hit an intraday high of Rs. 35 and intraday low of 32.6. The net turnover during the day was Rs. 15147.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Apollo Tyres aims for leadership in premium two-wheeler segment in India

Jaysynth Dyestuff India Ltd Board recommends Dividend of Rs. 0.15 for FY20

Jio Platforms receives over Rs. 1.5 lakh crore investment in 3 months

World Youth Skills Day: TCS iON Launches Youth Employability and Entrepreneurship Programme

ICICI Securities Primary Dealership Ltd Q1FY21 net profit surges to Rs. 345.08 crore

Federal Bank Ltd Q1FY21 consolidated PAT higher at Rs. 409.50 crore

Google to invest Rs. 33,737 crore in Jio Platforms Ltd

Indian Metals & Ferro Alloys Ltd postpones board meeting to July 27, 2020

Trigyn awarded - National Cooperative Purchasing Alliance (NCPA) - IT Services Contract

IFGL Refractories Ltd board to consider Q4FY20, FY2020 results, final dividend on July 18, 2020

Bandhan Bank Ltd reports Q1FY21 net profit of Rs. 549.81 crore

TCS Now Second Largest Among UK Software and IT Services Companies

Zydus Cadila receives final approval from USFDA for Betamethasone Dipropionate Ointment

Tata Consumer Products Ltd board to approve Q1FY21 results on Aug 4, 2020

Maruti Suzuki to proactively recall 134,885 units of WagonR and Baleno

NELCO Ltd board to approve quarterly results on July 31, 2020

Sonata Software Ltd board to announce 1st quarter results on Aug 10, 2020

Steel Strips Wheels Ltd bags news orders for mobile home market from USA

Havells India Ltd board to consider Q1FY21 results on July 27, 2020

Zydus starts the Human Dosing for Adaptive Phase I & II clinical trials

Chinese firm announces open offer to acquire shares of Thirdwave Financial Intermediaries Limited

Majesco Enables United Educators Digital Transformation Journey

Aarti Surfactants Ltd FY20 PAT at Rs. 2.09 crore

ICRA Limited Board approves audited financial results for Q4, FY2020

Oriental Hotels Ltd board to approve first quarter results on July 28, 2020

Indiamart Intermesh Ltd board to announce quarterly results on July 21, 2020

Bharti Infratel Ltd board to consider 1st quarter results on July 27, 2020

Monnet Ispat & Energy Ltd board to approve Q1FY21 results on July 21, 2020

ICRA Ltd Board approves Dividend of Rs. 27 for FY20

Vanguard and Infosys announce strategic partnership

India Ratings Downgrades HEG to 'IND AA-'/Stable

Prestige Estates subsidiary acquires equity stake in DB (BKC) Realtors Private Limited

Gujarat Hotels Ltd posts Rs. 0.87 crore PAT in Q1FY21

Oberoi Realty Ltd Q1FY21 consolidated PAT slides to Rs. 28.07 crore

YES Bank approves allocation of 3,415,384,614 Equity Shares to anchor investors

National Peroxide Ltd Board approves dividend of Rs. 12.50

Oberoi Realty Ltd board approves fund raising proposals

Suzlon Energy Limited allots 51,19,92,560 shares

CreditAccess Grameen Limited board to consider terms of NCD issue on July 17, 2020

IDFC First Bank Ltd board to announce Q1FY21 results on July 28, 2020

Oberoi Realty Ltd Q4FY20 consolidated PAT climbs to Rs. 250.96 crore

National Peroxide Ltd Q4FY20 net profit at Rs. 3.03 crore

AAI, BEL sign MoU for co-operation in Civil Aviation industry

Godrej Properties Ltd board to announce Q1FY21 results on Aug 5, 2020

Hero MotoCorp announced as the Title Partner of Hero Open

Opto Circuits India Ltd sinks to FY2020 loss of Rs. 1367.86 crore

Emami group completes stake sale in Emami Cement

ICICI Securities Ltd board to approve 1st quarter results on July 22, 2020

Chambal Fertilisers & Chemicals Ltd board to announce Q1FY21 results on July 29, 2020

Salasar Techno Engineering Ltd updates on tower supply agreement

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019