Mindtree stock opened 2.62 per cent lower at Rs 3,990 against the previous close of Rs 4,097 on BSE. The IT share further slipped 5.5 per cent to Rs 3,872 in early trade.
mindtree Mid-tier IT firm Mindtree on Friday reported a consolidated net profit of Rs 317.3 crore for the March quarter of fiscal year 2020-21 (Q4FY21), up 53.4 per cent from previous year’s profit of Rs 206.2 crore. On a sequential basis, however, the PAT slipped 2.9 per cent from Rs 326.5 crore. Its revenue from operations stood, in rupee terms, at Rs 2,109.3 crore, clocking an improvement of 3 per cent YoY from Rs 2,050.5 core reported in Q4FY20. The same was up 4.2 per cent QoQ from Rs 2,023.7 crore logged in the December quarter of the current fiscal. In dollar terms, the revenue was $288.2 million, up 5.2 per cent QoQ and 3.5 per cent YoY from $274.1 million and $278.4 million, respectively.