Stocks

Mindtree shares gain over 4 per cent after Q3 earnings

PTI New Delhi | Updated on January 15, 2020 Published on January 15, 2020

File photo   -  Somashekar GRN

It climbed 4.32 per cent to Rs 901.70 on the NSE

IT firm Mindtree shares on Wednesday jumped over 4 per cent after the company reported a 3 per cent rise in consolidated net profit for the December 2019 quarter.

The scrip gained 4.41 per cent to Rs 901.90 on the Bombay Stock Exchange (BSE)

On the National Stock Exchange (NSE), it climbed 4.32 per cent to Rs 901.70.

Mindtree on Tuesday reported a 3 per cent rise in consolidated net profit at Rs 197 crore for the December 2019 quarter.

The company had posted a net profit of Rs 191.2 crore in the same period last year, Mindtree said in a regulatory filing.

The Bengaluru-based company saw its revenue grow about 10 per cent to Rs 1,965.3 crore in the quarter under review from Rs 1,787.2 crore in the year-ago period, it added.

In dollar terms, net profit rose 3.1 per cent to $27.7 million, while revenue increased 9.4 per cent to $275.2 million in the said quarter over the year-ago period.

Published on January 15, 2020
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