Mindtree Q3 results: Net profit rises 34% to ₹437 crore
Premium- Mindtree Q3 results: The company's revenue from operations came in at ₹2,750 crore, registering a growth of 36% from a year ago.
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Mid-tier IT services company Mindtree on Thursday posted consolidated net profit of ₹437 crore for the third quarter ended December, up 34% over ₹326 crore clocked in the year-ago period.
The company's revenue from operations came in at ₹2,750 crore, registering a growth of 36% from a year ago. It was ₹2,023 crore in the same period last year.
On Thursday, Mindtree shares closed 2.68% higher at ₹4,760 apiece on NSE.
“We are pleased to have continued our positive revenue momentum through the third quarter of FY22 on the back of robust demand, aggressive customer mining, and end-to-end digital transformation capabilities," said Debashis Chatterjee, CEO and MD, Mindtree.
In dollar terms, revenue during the quarter was $366.4 million, a growth of 4.7% quarter-on-quarter and 34% year-on-year.
“Our sequential revenue growth of 5.2% in constant currency reflects the strength of our strategy, execution, partnerships, and continued investments in our business and people. Our order book for the quarter was $358 million, up 14.6% year-over-year, and our year-to-date deal TCV crossed $1.2 billion," he added.
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At the end of December quarter, the company's active client base stood at 265. It had 31,959 employees at the end of the third quarter with trailing 12-month attrition at 21.9%.
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