Mindtree Posts Strong Q4 Results: Successive Positives to boost Software
DSIJ Intelligence / 19 Apr 2016
Software sector stared off well with Infosys presenting fairly positive Q4FY16 results. Following the footsteps, the international technology consulting and implementation company, Mindtree too announced better than expected year ending quarter results on Monday.
Software sector stared off well with Infosys presenting fairly positive Q4FY16 results. Following the footsteps, the international technology consulting and implementation company, Mindtree too announced better than expected year ending quarter results on Monday.
Mindtree operates in five segments: Retail, Consumer Packaged Goods and Manufacturing; Banking, Financial Services and Insurance; Hitech and Media Services; Travel and Hospitality.
On financial front, the bottom-line consolidated revenues stood at Rs. 1324.2 crores as against 1214.5 crores in Q3FY16 i.e. an increase of 9 per cent Q-O-Q (Quarter on Quarter). On the Segmental front consolidated revenues from Technology, Media and Services rose from Rs. 367.1 crores in Q3FY16 to Rs. 415.7 crores this quarter an increase of 13.2%. Travel and Hospitality revenues stood at Rs. 212.1 crores from Rs. 189.8 crores an increase of 12.07%. All other segments remained more or less flat.
EBITDA of company stood at Rs 225.9 crores this quarter compared to Rs 214.7 crores in Q3FY16 an increase of 5.2 per cent QoQ. EBITDA margin stood at 17.06 per cent this quarter compared to 17.68 per cent last quarter.
The net profit stood at Rs. 156 crore in Q4FY16 as against Rs. 150.9 crores last quarter an increase of just 3.4 per cent Q-O-Q. Segment wise, BFSI operating income stood at Rs. 85.8 crores this quarter as against Rs. 67.3 crores in Q3FY16 an increase of 27.4 per cent.
On yearly basis the company posted consolidated revenues from operations of Rs 4689.6 crores for the year ended March 2016 compared to Rs 3561.9 crores in March 2015 an increase of 31.6 per cent. Net profit too grew from Rs 536.3 crores in FY15 to 603.3 crores in FY16 an increase of 12.5 per cent.
During Q4FY2016 Company announced bonus shares in the ratio 1:1. The company had also recommended Interim Dividend at Rs.2 per equity share on 11th April, 2016. The company maintains its shareholding pattern with 13.76 % stake held by the promoters.
The company at its Board meeting held on Monday recommended a Final Dividend of Rs.3 per equity share at a Face value of Rs. 10 per share. The stock closed at 731.35 on Monday an increase of 6.22 per cent from the previous close.
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