Mindtree reports 8.2 % sequentially growth in profit in the June 2021 quarter:

mindtree

Mindtree share price jumped more than 4 percent in the opening trade on July 14, a day after the midcap IT services company reported an 8.2 percent sequentially growth in profit in the June 2021 quarter with the highest ever order book of over $500 million.

The company’s net profit increased to Rs 343.4 crore in Q1FY22 from Rs 317.3 crore in the previous quarter. The year-on-year growth in the bottom line was 61.2 percent.

Revenue increased 8.6 percent sequentially to Rs 2,291.7 crore in the June quarter. In dollar terms, revenue was up 7.7 percent to $310.5 million during the same period. The year-on-year growth in revenue was at 20.1 percent in rupee terms and 22.6 percent in dollar terms

News Source:- Moneycontrol

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