Mindtree Ltd Q3FY21 consolidated net profit jumps to Rs. 326.5 crore

MINDTREE LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.2085.3 crores during the period ended December 31, 2020 as compared to Rs.1950.5 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.326.5 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.253.7 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.19.81 for the period ended December 31, 2020 as compared to Rs.15.40 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 2085.3 crs	₹ 1950.5 crs	6.91%
Net Profit	₹ 326.5 crs	₹ 253.7 crs	28.7%
EPS	₹ 19.81	₹ 15.40	28.64%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.2085.3 crores during the period ended December 31, 2020 as compared to Rs.2000.1 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.326.5 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.197 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.19.81 for the period ended December 31, 2020 as compared to Rs.11.96 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 2085.3 crs	₹ 2000.1 crs	4.26%
Net Profit	₹ 326.5 crs	₹ 197 crs	65.74%
EPS	₹ 19.81	₹ 11.96	65.64%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.5971.3 crores during the 9 months period ended December 31, 2020 as compared to Rs.5790.3 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.793.2 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.424.7 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.48.16 for the 9 months period ended December 31, 2020 as compared to Rs.25.82 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 5971.3 crs	₹ 5790.3 crs	3.13%
Net Profit	₹ 793.2 crs	₹ 424.7 crs	86.77%
EPS	₹ 48.16	₹25.82	86.52%

"Our third quarter has by far been the best performing in recent years backed by broad-based revenue growth of 5.0% across our verticals and service lines, robust margin expansion of 350bps, and a healthy order book of $312 M," said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. "We are witnessing strong business momentum across all verticals with a significant demand for cloud, data and analytics capabilities. We continue to capitalize on the evolving market dynamics with solutions that help enterprises navigate the new normal and grow their businesses. Thanks to the strategic focus and hard work of our Mindtree Minds, we are now wellpositioned to continue delivering profitable growth."

Shares of MINDTREE LTD. was last trading in BSE at Rs.1660.6 as compared to the previous close of Rs. 1697.35. The total number of shares traded during the day was 49594 in over 3558 trades.

The stock hit an intraday high of Rs. 1706.05 and intraday low of 1652.6. The net turnover during the day was Rs. 83204271.

Source : Equity Bulls

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