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Mindtree Q2 Earnings: Net profit up 16.2% QoQ at Rs 399 crore

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Debashis Chatterjee, Chief Executive Officer and Managing Director at Mindtree. said that the performance in the first half of current fiscal gives the company confidence of delivering a profitable industry leading growth.

Mindtree Q2 Earnings: Net profit up 16.2% QoQ at Rs 399 crore
IT company Mindtree on Wednesday reported a net profit of Rs 399 crore for the quarter ended September 30. That marked a sequential rise of 16.2 percent from the net profit of Rs 343.4 crore in the previous quarter.
Analysts in a CNBC-TV18 poll had predicted Mindtree to report a net profit of Rs 358 crore over revenue of Rs 2,500 crore.
The revenue in dollar terms grew 12.8 percent sequentially to $350.1 million for Q2FY22. and 13.4 percent in constant currency terms, beating CNBC-TV18 poll estimates of 8.6 percent and 9.5-10 percent respectively.
"The company reported yet another outstanding quarter of all-round performance", said Debashis Chatterjee, Chief Executive Officer and Managing Director at Mindtree.
He said that with disciplined execution and dedication of Mindtree Minds, the company is well positioned to capitalise on the strong demand environment and deliver profitable industry-leading growth in the current financial year.
Chatterjee added that the performance in the first half of current fiscal gives the company confidence of delivering a profitable industry leading growth.
Mindtree shares have rewarded investors with a return of 171 percent in the past year. In the past six months alone, Mindtree shares have risen nearly 110 percent in value.
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