27 Sep 2020 | 5:05 PM

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COMPANYNEWS
MindTree Q3 net profit up 2.98% at Rs 197.00 cr
  MindTree Ltd. | 17 Jan 2020 | 10:51 AM
Published on 01-14-2020
The company reported standalone net profit of Rs 197.00 crore for the quarter ended December 31 2019 as compared to Rs 191.30 crore in the same period last year registering a year-on-year growth of 2.98 per cent.


Net revenue of the company rose moderately by 9.97 per cent at Rs 1965.30 crore in October-December quarter of this fiscal as against Rs 1787.20 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 10.32 per cent to Rs 1659.00 crore from Rs 1503.80 crore in year ago period.


Other Income grew by 274.00 per cent at Rs 34.80 crore versus (Dec`18 Rs -20.00 crore).


Operating Profit surged by 8.08 per cent to Rs 306.30 crore as against Rs 283.40 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1.70 per cent in December quarter.


Interest grew by 0.00 per cent y-o-y to Rs 13.30 crore while Taxation increased by 95.82 per cent at Rs 60.90 crore (Dec`18 Rs 31.10 crore).