Mindtree Q3 results: Profit rises 3% YoY to Rs 197 crore; margins improve

Midcap IT firm MindtreeNSE 2.49 % on Tuesday reported 3 per cent year-on-year (YoY) rise in consolidated profit at Rs 197 crore for the quarter ended December 30. The profit figure was up 45.93 per cent on a sequential basis.

Consolidated revenue increased 9.96 per cent on a yearly basis and 2.66 per cent on quarter-on-quarter to Rs 1,965.30 crore.

“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 and a rise in profit by 44.7 per cent compared with the previous quarter,” said Debashis Chatterjee, CEO & Managing Director.