Mindtree Q4 Results: Net Profit Zooms 49% YoY To Rs 473 Cr, Company Declares Rs 27 Dividend
Mindtree’s consolidated revenue from operations grew by 37.4 per cent to Rs 2,897.4 crore in during January-March 2022 from Rs 2,109.3 crore in the corresponding quarter of 2020-21
New Delhi: Mid-tier IT services company Mindtree Ltd on Monday said it has clocked a 49.1 per cent jump in its consolidated net profit at Rs 473.1 crore in the fourth quarter ended March 31, 2022, compared to the year-ago period.
The IT firm had clocked a net profit of Rs 317.3 crore in the same period of the previous financial year, according to a report by the PTI.
After the Q4 results, the company’s board has recommended a final dividend of Rs 27 per equity share for the financial year ended March 31, 2022, according to news reports.
Mindtree’s consolidated revenue from operations grew by 37.4 per cent to Rs 2,897.4 crore in during January-March 2022 from Rs 2,109.3 crore in the corresponding quarter of 2020-21.
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For FY21-22, consolidated net profit of Mindtree grew by 48.8 per cent to Rs 1,652.9 crore from Rs 1,110.5 crore at the end of FY20-21. The consolidated revenue of Mindtree rose to 10,525.3 crore at the end of 2021-22 from Rs 7,967.8 crore a year ago.
The company has 35,071 professionals as of March 31, 2022. The trailing 12-month attrition was 23.8 per cent.
"Our full year revenue growth of 31.1 per cent validates our strategy to capitalise on rising demand by diversifying our services portfolio, mining customers, and broadening industry partnerships. We are proud to have delivered Ebitda margin of 20.9 per cent and PAT margin of 15.7 per cent, our highest in a decade," Mindtree Chief Executive Officer and Managing Director Debashis Chatterjee said in a statement.
"We increasing investment in metaverse technology," Chatterjee added.
On Monday, Mindtree shares closed 3.27 per cent lower at Rs 3,965 apiece on NSE.
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