Mindtree's Q4 earnings decent, but rich valuations discomforting
- While Mindtree will benefit from strong demand and disciplined execution, it is more vulnerable than peers. Valuations are expensive at 30 times FY2024E earnings
Midcap IT services provider Mindtree Ltd. saw yet another quarter of more than 5% revenue growth. In constant currency (CC) terms, revenue rose 5.2% sequentially, ahead of consensus estimate. Growth was broad-based, across most verticals and geographies.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started
Login to enjoy exclusive benefits!
- Unlocked premium articles
- Personalized news
- Market Watchlist
- Insightful Newsletters & more