Mindtree Ltd Q2 PAT up 57.3% yoy at Rs399cr on the back of record growth in revenues

Mindtree Ltd reported 34.28% growth in total sales revenues for the Sep-21 quarter on consolidated basis at Rs2,586cr

Oct 13, 2021 07:10 IST India Infoline News Service

Mindtree Ltd reported 34.28% growth in total sales revenues for the Sep-21 quarter on consolidated basis at Rs2,586cr. On a sequential basis, the revenues were higher by a more moderate 12.85% compared to Rs2,292cr in the Jun-21 quarter.

The growth in revenues was robust in rupee terms and also in constant currency terms. Mindtree had 263 active client as of the end of Sep-21 with strong additions in $5 million plus clients and $10 million plus clients. The board has also declared an interim dividend of 100% or Rs.10 per share.

Net profits for the Sep-21 quarter were up by 57.23% yoy at Rs399cr with the sequential growth also robust at 16.16%. The attrition in the quarter remained subdued at around 17.1%. On a yoy basis, the company reported 40.2% growth in EBITDA and 46.1% growth in EBIT.

Both EBITDA and EBIT grew in the range of 14-15% on a sequential basis. EBITDA margins for the quarter were lower by 70 bps at 19.6%. The ROCE of Mindtree for the Sep-21 quarter stood at 34.4% while ROE was 28.4%. DSO days at 65 days was comfortable.


Financial highlights for Sep-21 compared yoy and sequentially


Mindtree Ltd
Rs in Crore Sep-21 Sep-20 YOY Jun-21 QOQ
Total Income (Rs cr) ₹ 2,586 ₹ 1,926 34.28% ₹ 2,292 12.85%
Net Profit (Rs cr) ₹ 399 ₹ 254 57.23% ₹ 343 16.16%
Diluted EPS (Rs) ₹ 24.19 ₹ 15.40 ₹ 20.83
Net Margins 15.42% 13.17% 14.98%

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