Mindtree Ltd 1QFY22 consolidated net profit higher at Rs. 343.4 crore

MINDTREE LTD. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.2363.5 crores during the period ended June 30, 2021 as compared to Rs.2148.2 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.343.4 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.317.3 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.20.83 for the period ended June 30, 2021 as compared to Rs.19.25 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 2363.5 crs	₹ 2148.2 crs	10.02%
Net Profit	₹ 343.4 crs	₹ 317.3 crs	8.23%
EPS	₹ 20.83	₹ 19.25	8.21%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.2363.5 crores during the period ended June 30, 2021 as compared to Rs.1949.4 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.343.4 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.213 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.20.83 for the period ended June 30, 2021 as compared to Rs.12.93 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 2363.5 crs	₹ 1949.4 crs	21.24%
Net Profit	₹ 343.4 crs	₹ 213 crs	61.22%
EPS	₹ 20.83	₹ 12.93	61.1%

"We are pleased to report a strong start to FY22 with broad-based first-quarter growth across all service lines and industry segments," said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. "For the quarter, revenues were $310.5 million, up 7.7% sequentially, and EBITDA was 20.3%, demonstrating the resilience of our business in a challenging environment. Our highestever orderbook of $504 million affirms that the focused execution of our strategy and our client-centricity in re-imagining business models for the digital era are helping us drive profitable and sustainable growth. We are proud of the passion and perseverance with which Mindtree Minds have continued to deliver value to our clients and exceed their expectations despite difficult conditions."

Shares of MINDTREE LTD. was last trading in BSE at Rs.2494.75 as compared to the previous close of Rs. 2498.3. The total number of shares traded during the day was 83921 in over 4216 trades.

The stock hit an intraday high of Rs. 2512 and intraday low of 2457.55. The net turnover during the day was Rs. 208492090.

Source : Equity Bulls

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