Mindtree Ltd reports QoQ, YoY jump in Q2FY22 consolidated PAT to Rs. 398.9 crore

MindTree Limited has reported Consolidated financial results for the period ended September 30, 2021.

Financial Results (Q2 FY2022) - QoQ Comparison

The company has reported total income of Rs. 2661 crores during the period ended September 30, 2021 as compared to Rs. 2363.5 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs. 398.9 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs. 343.4 crores for the period ended June 30, 2021.

The company has reported EPS of Rs. 24.19 for the period ended September 30, 2021 as compared to Rs. 20.83 for the period ended June 30, 2021.

Financials	Q2 FY2022	Q1 FY2022	% Change
Total Income	₹ 2661 crs	₹2363.5 crs	12.59%
Net Profit	₹398.9 crs	₹343.4 crs	16.16%
EPS	₹24.19	₹20.83	16.13%

Financial Results (Q2 FY2022) - YoY Comparison

The company has reported total income of Rs. 2661 crores during the period ended September 30, 2021 as compared to Rs.1950.5 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.398.9 crores for the period ended September 30, 2021 as against net profit / (loss) of Rs.253.7 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.24.19 for the period ended September 30, 2021 as compared to Rs.15.40 for the period ended September 30, 2020.

Financials	Q2 FY2022	Q2 FY2021	% Change
Total Income	₹ 2661 crs	₹1950.5 crs	36.43%
Net Profit	₹398.9 crs	₹253.7 crs	57.23%
EPS	₹24.19	₹15.40	57.08%

Financial Results (Half Year Ended FY2022) - YoY Comparison

The company has reported total income of Rs.5024.5 crores during the 6 Months period ended September 30, 2021 as compared to Rs.3899.9 crores during the 6 Months period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.742.3 crores for the 6 Months period ended September 30, 2021 as against net profit / (loss) of Rs.466.7 crores for the 6 Months period ended September 30, 2020.

The company has reported EPS of Rs.45.03 for the 6 Months period ended September 30, 2021 as compared to Rs.28.34 for the 6 Months period ended September 30, 2020.

Financials	Half Year Ended FY2022	Half Year Ended FY2021	% Change
Total Income	₹5024.5 crs	₹3899.9 crs	28.84%
Net Profit	₹742.3 crs	₹466.7 crs	59.05%
EPS	₹45.03	₹28.34	58.89%

"We are pleased to report yet another outstanding quarter of all-round performance," said Debashis Chatterjee, Chief Executive Officer and Managing Director, Mindtree. "Our revenues in the second quarter were $350.1 million, up 12.7% sequentially and 34.1% year-over-year, which was our highest YoY growth for a quarter in a decade. We maintained EBITDA margin at 20.5% while making aggressive investments in further expanding our domain, digital and leadership capabilities, geographic footprint, and hyperscaler partnerships. The broad-based momentum and growth outlook across all verticals, service lines and geographies attest to our operational rigor and sharp focus on being a trusted business transformation partner to our clients. Thanks to the disciplined execution of our strategy, and the dedication of Mindtree Minds, we are well-positioned to capitalize on the strong demand environment and deliver profitable, industry-leading growth in FY22."

Shares of MindTree Limited was last trading in BSE at Rs. 4363.25 as compared to the previous close of Rs. 4266.05. The total number of shares traded during the day was 59875 in over 7202 trades.

The stock hit an intraday high of Rs. 4381.50 and intraday low of 4276.20. The net turnover during the day was Rs. 258625271.00.

Source : Equity Bulls

Keywords

Mindtree Q2FY22 H1FY22 ResultUpdate