Mindtree Q2 net profit rises 88% to Rs 253.7 crore

IT firm Mindtree on Thursday reported a 87.9 per cent rise in consolidated net profit to Rs 253.7 crore for the September 2020 quarter.

The company had posted a net profit of Rs 135 crore in the corresponding period last year, Mindtree said in a regulatory filing.

The Bengaluru-based company saw its revenue grow marginally to Rs 1,926 crore in the quarter under review from Rs 1,914.3 crore in the year-ago period, it added.

In dollar terms, its net profit rose 79.2 per cent to USD 34.3 million, while revenue declined 3.7 per cent to USD 261 million in the September 2020 quarter over the year-ago period.

At the end of the September 2020 quarter, the company’s active client base stood at 283, and eight new clients were added during the quarter, the filing said.