Mindtree Q4 net up 8.9% at Rs 198.4 cr

The IT firm Mindtree on Wednesday said its consolidated net profit grew 8.9 per cent to Rs 198.4 crore for the March 2019 quarter, from Rs 182.2 crore in the year-ago period.

The Bengaluru-based company’s revenue also increased by 25.6 per cent to Rs 1,839.4 crore in the said quarter, as compared to Rs 1,464 crore in the year-ago period, Mindtree said in a regulatory filing.

Mindtree, which is facing a hostile takeover bid by infrastructure giant L&T, said its board has also declared an interim dividend of Rs 3 per equity share, and recommended a special dividend of 200 per cent (Rs 20 a share) to “celebrate the twin achievements of exceeding $ 1 billion annual revenue milestone and 20th anniversary of the company” subject to shareholders’ nod.