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mindtree: Mindtree shares jump over 9%; at 52-wk high after Q1 earnings

mindtree: Mindtree shares jump over 9%; at 52-wk high after Q1 earnings
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Mindtree net profit rises 65% to Rs 326 crore in December quarter

Mindtree net profit jumps 66% to Rs 326 crore; co sees strong pipeline ahead

Mindtree net profit jumps 66% to Rs 326 crore; co sees strong pipeline ahead Mindtree net profit jumps 66% to Rs 326 crore; co sees strong pipeline ahead IT firm Mindtree on Monday reported a 65.7 per cent rise in its consolidated net profit to Rs 326.5 crore for the December 2020 quarter, and said its deal pipeline continues to be healthy and strong. The Bengaluru-based company had posted a net profit of Rs 197 crore in the year-ago period. Its revenue grew 3 per cent to Rs 2,023.7 crore in the quarter under review, from Rs 1,965.3 crore in the year-ago period. We have been working on improving our operational parameters since last year. On a quarter-on-quarter basis, there has been a progress made that has helped us in terms of improving our margins, Mindtree Chief Financial Officer Vinit Teredesai said during an earnings briefing.

Mindtree Q3 results: Net profit rises 66% to Rs 326 5 cr

Mindtree Q3 results: Net profit rises 66% to Rs 326.5 crore SECTIONS Last Updated: Jan 18, 2021, 06:10 PM IST Share Synopsis The company added eight new clients during the quarter and had 276 active clients at the end of the quarter. Getty Images Its total headcount was at 22,195 with a trailing 12-month attrition of 12.5%. Deal wins for the quarter were up 50.7% year on year to $312 million. Related NSE L&T group IT firm Mindtree’s net profit rose 65.7% to Rs 326.5 crore, while revenues came in at Rs 2,023.7 crore in the quarter ended December 31. In dollar terms, net profit was up 59.3% at $44.2 million and revenues were down marginally by 0.4% at $274.1 million.

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