Mindtree posts 30 per cent YoY rise in net profit

Mindtree’s consolidated revenue for the quarter came in at Rs 1639.5 crore, registering an increase of 27.1 per cent YoY. 

The company’s EBITDA for the quarter rose by 62.1 per cent YoY to Rs. 231 crore with a corresponding margin expansion of 304 bps. The EBITDA margin for the quarter stood at 14.1 per cent. 

The PAT for the quarter came in at Rs. 158.2 crore, an increase of 30 per cent YoY. 

As on June 30, 2018, the company employee count stands at 18,990 and the trailing 12-month attrition stands at 12.2 per cent. 

Ahead of its first quarter results of FY19, the company’s stock closed in the red at Rs. 1062.6, down by 1.7 per cent from its previous close. 

Mindtree is a global technology consulting and services company and leverages emerging technologies and efficiencies of continuous delivery to drive business innovation.