Mindtree Q3 net profit rises 3% to Rs 197 crore, revenues up around 10%

Mindtree on Tuesday reported a three per cent rise in its net profit at Rs 197 crore for the third quarter of financial year 2019-20 (Q3FY20). The company had posted a net profit of Rs 191.2 crore in the corresponding period a year ago.

The Bengaluru-headquartered company’s revenues grew around 10 per cent to Rs 1,965 crore for the quarter ended December. In dollar terms, revenues increased around 10 per cent year-on-year YoY to $275.2 million during this period.

“As we continue to grow revenue, our sharp focus on driving profitable growth has resulted in expansion of operating margin by 2.6 per cent,” said Debashis Chatterjee, chief executive officer and managing director, Mindtree.