Mindtree Q3 results: Net profit surges 66% to Rs 326.5 crore; revenue up 3%
Mindtree Q3 results: The consolidated revenue rose by 3 per cent to Rs 2,023.7 crore in December quarter of FY21 from Rs 1,965.3 crore in the year-ago period
BusinessToday.In | January 18, 2021 | Updated 17:24 IST
In dollar terms, Mindtree s net profit rose by 59.3% YoY to $44.2 million
Mindtree, now a Larsen & Toubro group company, on Monday reported a 65.7 per cent jump in consolidated net profit to Rs 326.5 crore for the third quarter ended December 31, 2020 as against Rs 197 crore in the corresponding period last year. On the quarter-on-quarter basis, the profit grew by 28.7 per cent from Rs 253.7 crore in September quarter of the current fiscal.
IT shares rise ahead of TCS third quarter earnings
While Nifty IT index traded 2.675% higher on Friday, BSE IT - Software index gained 2.58% during today s session
BusinessToday.In | January 8, 2021 | Updated 14:52 IST
As Indian IT companies gear to announce their third-quarter earnings of the current fiscal, industry experts believe that the October-December results will be best in a decade
Information Technology (IT) firms were in focus today, with heavyweights like Tech Mahindra, HCL Technologies, Infosys and Tata Consultancy Services trading as top gainers on BSE and NSE, ahead of earnings announcement of the country s largest IT company, TCS.
TCS is likely to report QoQ growth of 4.5% in Q3 in USD terms, according to Edelweiss.