Mindtree jumps 9% post Q3 results

Shares of Mindtree Ltd surged 9% at Rs. 680 after company posted Q3 results.The Revenue stood at INR 13,777 million (growth of 3.5% q-o-q / 6.4% y-o-y), while Net profit was at INR 1,415 million (growth of 13.4% q-o-q / 37.2% y-o-y).

“Our ‘Execute Smart’ approach to Delivery continues to bear fruit and contributed to a robust quarter on all fronts. By delivering fast time-to-market for our solutions, we have created even further competitive advantage for our clients.” said Rostow Ravanan, CEO & Managing Director, Mindtree. “These strong results also reflect our ongoing leadership in Digital, and our unique ability to be the core Digital anchor-partner for next-generation Digital transformations.”

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Yash Ved
Yash Ved is a Senior Correspondent at NewsBarons and comes with a decade of experience across leading online and offline publications. A keen observer of the stock index movement, Yash also likes covering Real Estate and the BFSI sector. A financial management and Journalism student, Yash believes learning as a continuous journey and enjoys following the IT and the Pharmaceutical industry and has penned many articles on the subjects.
yash@newsbarons.com