07 Dec 2019 | 3:24 PM

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COMPANYNEWS
MindTree Q2 net profit down 37.56% at Rs 135.00 cr
  MindTree Ltd. | 06 Dec 2019 | 03:41 PM
Published on 10-17-2019
The company reported standalone net profit of Rs 135.00 crore for the quarter ended September 30 2019 as compared to Rs 216.20 crore in the same period last year registering a year-on-year decline of 37.56 per cent.


Net revenue of the company rose moderately by 12.07 per cent at Rs 1914.30 crore in July-September quarter of this fiscal as against Rs 1708.10 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 16.38 per cent to Rs 1666.10 crore from Rs 1431.60 crore in year ago period.


Other Income dipped by 61.67 per cent at Rs 19.70 crore versus (Sep`18 Rs 51.40 crore).


Operating Profit slipped by 10.24 per cent to Rs 248.20 crore as against Rs 276.50 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 19.89 per cent in September quarter.


Interest grew by 13700.00 per cent y-o-y to Rs 13.80 crore while Taxation decreased by 35.64 per cent at Rs 48.40 crore (Sep`18 Rs 75.20 crore).