Mindtree Rises on Good Quarter Numbers
Manjiri Meshram / 17 Jul 2015
A global technology services company announced its consolidated results yesterday for the first quarter ending June 30, 2015. The rupee revenue stood at Rs 981.6 crore from 918.1 crore, a rise by 6.9 per cent quarter on quarter basis.
MindTree is an international information technology (IT) consulting and implementation company. The company operates in two units: production engineering (PE) services and IT services. PE services include research and development (R&D) services and software product engineering.
A global technology services company announced its consolidated results yesterday for the first quarter ending June 30, 2015. The rupee revenue stood at Rs 981.6 crore from 918.1 crore, a rise by 6.9 per cent quarter on quarter basis. The dollar revenue stood at USD 15.49 crore, increased by 4.8 per cent and constant currency revenue rose by 5.2 per cent on quarterly basis.
The expenses of the company rose by 6.72 per cent including employee cost, depreciation and other expenses by 5.64 per cent, 9.15 per cent and 9.31 per cent respectively. The EBITDA increased by 8.12 per cent to Rs 193.1 crore against 178.6 crore. The EBITDA margin contracted by 22 basis points to 19.67 per cent in Q1FY16 compared to Q4FY15.
The rupee net profit stood at Rs 138.2 crore compared to Rs 128.7 crore, rose by 7.4 per cent quarter on quarter. The dollar net profit stood at USD 2.18 crore, increased by 7.4 per cent in Q1FY16 against Q4FY15. As per the record as on June 30, 2015 the company has 218 active clients. The Company added 900 employees during the quarter.
On yearly basis the rupee revenue increased by 16.4 per cent to Rs 981.6 crore as against Rs 843.5 crore. The dollar revenue rose by 9.7 per cent to USD 15.49. The constant currency revenue increased by 13.3 per cent year on year basis. The rupee net profit rose by 6.8 per cent to reach Rs 138.2 crore compared to Rs 129.4 crore. The dollar net profit rose by 0.6 per cent year on year to USD 2.18 crore in Q1FY16 compared to Q4FY15.
After the result announcement, the shares of the company rose around 4 per cent to Rs 1270.
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