Left Menu
Development News Edition

Mindtree Q2 net profit rises 88 pc to Rs 253.7 cr

The company had posted a net profit of Rs 135 crore in the corresponding period last year, Mindtree said in a regulatory filing. The Bengaluru-based company saw its revenue grow marginally to Rs 1,926 crore in the quarter under review from Rs 1,914.3 crore in the year-ago period, it added.

PTI | New Delhi | Updated: 15-10-2020 17:24 IST | Created: 15-10-2020 17:24 IST
Mindtree Q2 net profit rises 88 pc to Rs 253.7 cr

IT firm Mindtree on Thursday reported a 87.9 per cent rise in consolidated net profit to Rs 253.7 crore for the September 2020 quarter. The company had posted a net profit of Rs 135 crore in the corresponding period last year, Mindtree said in a regulatory filing.

The Bengaluru-based company saw its revenue grow marginally to Rs 1,926 crore in the quarter under review from Rs 1,914.3 crore in the year-ago period, it added. In dollar terms, its net profit rose 79.2 per cent to USD 34.3 million, while revenue declined 3.7 per cent to USD 261 million in the September 2020 quarter over the year-ago period.

At the end of the September 2020 quarter, the company's active client base stood at 283, and eight new clients were added during the quarter, the filing said. Mindtree had 21,827 employees at the end of the September quarter with trailing 12-months attrition at 13.8 per cent.

"I am pleased and encouraged with our performance in delivering a broad-based growth. "Our approach of redefining possibilities in the new normal for businesses enabled us to deliver a balanced H1 (first half of the fiscal) performance," Mindtree Chief Executive Officer and Managing Director Debashis Chatterjee said.

The board of directors has declared an interim dividend of Rs 7.5 per equity share..


TRENDING

OPINION / BLOG / INTERVIEW

Turbulence surrounding tobacco control in Ghana

... ...

Smart healthcare: IoT redefining the way healthcare is delivered

As the world is embracing the new wave of digitalization triggered by the pandemic and the arrival of 5G, the adoption of IoT devices will further boom. With adoption set to soar, IoT security issues and other challenges cant be ignored any...

Refugee compassion and response: Ideas to mitigate disasters now and in their future

Their homeland becomes a forbidden territory for them and more likely than not, their journey to foreign soil is no less traumatizing, not to say deadly. It is crucial to help refugees live a life of dignity and purpose....

Inadequate water infrastructure causes a tidal wave of coronavirus in rural Alaska

... ...

Videos

Latest News

New Zealand soldier faces spying charges in 1st such case

A New Zealand soldier has been charged with spying and will face up to 14 years in prison if found guilty. It is the first time somebody from the military has faced such a charge in New Zealand, at least in modern times, the New Zealand Def...

Rajnath Singh condoles demise of prominent Shia cleric Maulana Kalbe Sadiq

Defence Minister Rajnath Singh on Wednesday condoled the demise of prominent Shia cleric and vice-president of All India Muslim Personal Law Board AIMPLB Maulana Kalbe Sadiq. Maulana Sadiq breathed his last on Tuesday night at a hospital in...

England soccer star Grealish admits to 2 driving offenses

England soccer player Jack Grealish pleaded guilty to two driving offenses, the first coming in March during lockdown in Britain when a witness said he found the Aston Villa captain slurring his words after crashing his car. Entering pleas ...

2 killed, 5 injured as vehicle falls into gorge in Mizoram

Two persons have been killed and five others injured after a speeding maxi cab fell into a gorge in Mizorams Serchhip district, police said on Wednesday. The incident took place near Thenzawl village on Tuesday evening when the vehicle skid...

Give Feedback