Mindtree Q3 net profit at Rs988mn

India Infoline News Service | Mumbai |

While Q3 sales stood at Rs5.90bn.

Mindtree Ltd has posted results for the third quarter ended 31st December, 2012.

Its net profit stood at Rs988mn, while Q3 sales stood at Rs5.90bn.

Key financial highlights:
In USD terms:

Revenue at $109.9 million (growth of 2.5% q-o-q / 6.0% y-o-y)
Net profit at $18.4 million (growth of 42.8% q-o-q / 51.9% y-o-y)

In Rupee terms:

Revenue at Rs5,901 million (decline of 1.0% q-o-q / growth of 13.5% y-o-y)
Net profit at Rs988 million (growth of 36.8% q-o-q / 63.0% y-o-y)

Other highlights:


245 active customers as of December 31, 2012
$5 million customers increased by 4 to 21; $10 million customers increased by 1 to 9


10,952 employees as of December 31, 2012
Added 443 employees during the quarter on a gross basis

Major client wins:
An existing customer who is a leading superannuation and pension administration specialist based in APAC. Mindtree will provide development and testing services for its core applications.
An existing product engineering services company that provides a cloud platform for collaboration and document sharing. Mindtree will provide product development and test automation services for its products
A hi-tech company in the area of designing Integrated Circuits based in APAC. Mindtree will license its Bluetooth Low Energy Solution.


Selected by Forbes Asia as one of the ‘200 Best under a Billion companies’.
Improved overall Fortune India 500 ranking to 424 from 445 last year.

BSE 497.15 [5.20] ([1.04]%)
NSE 496.00 [6.10] ([1.21]%)

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