Q4FY17: MindTree
Amir Shaikh / 20 Apr 2017
During the financial year 2016-17, the company’s revenue increased by 12.1 per cent YoY to Rs 5,236 crore. However, net profit for the same financial year tanked by 24.2 per cent as compared to the previous financial year (2015-16).
The company's total sales for Q4FY17 came in at Rs 1318.1 crore, which represents a 1.76 per cent sequential increase and 0.17 per cent YoY decline.
Its operating profit (EBIT) for the quarter amounted to Rs 140.1 crore, while the EBIT margin stood at 10.63 per cent.
The company reported PAT of Rs 97.2 crore, which represents a sequential QoQ decline of 5.72 per cent and a YoY decline of 26.75 per cent.
During the financial year 2016-17, the company’s revenue increased by 12.1 per cent YoY to Rs 5,236 crore. However, net profit for the same financial year tanked by 24.2 per cent as compared to the previous financial year (2015-16).
MindTree Ltd is an India-based international 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 (SPE).
The company's stock today opened at Rs 444 on the BSE and closed at Rs 442.25, down by 0.2 per cent.
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