Mindtree Q2FY18 consolidated net profit rises 2.7% qoq to Rs.125 crore

India Infoline Research Team | October 25, 2017 16:45 IST

Mindtree Ltd Q2FY18

Consolidated Results Q2FY18: (Rs. in crore)

Q2FY18 QoQ (%)
Revenue 1,331 3.2
EBITDA 154 7.3
EBITDA Margin (%) 11.6 44
Net Profit (adjusted) 125 2.7
***EBITDA margin change is bps
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Reco. Price

502

Last updated on

18-Oct-2017


Mindtree Ltd. consolidated revenue for the quarter came in at Rs. 1331 crores, registering 3.2% QoQ increase. This was primarily driven by 7% qoq rise in revenue from retail, CPG and manufacturing segment.

EBITDA for the quarter rose by 7.3% QoQ to Rs. 154 crores with a corresponding margin expansion of 44 bps. EBITDA margin for the quarter stood at 11.57%. 

PAT for the quarter came in at Rs. 125 crores, QoQ increase of 2.7%. This was due to lower finance costs at Rs.2.5 crore vs Rs.4.5 crore in Q1FY18.


Technical View:

Mindtree Ltd ended at Rs. 506.95, up by 4.15 points or 0.83% from its previous closing of Rs. 502.80 on the BSE.
The scrip opened at Rs. 504.50 and touched a high and low of Rs. 509.45 and Rs. 502.45 respectively. A total of 4,72,875(NSE+BSE) shares were traded on the counter. The stock traded below its 200 DMA.

BSE 575.15 9.15 (1.62%)
NSE 576.90 10.35 (1.83%)

***Note: This is a NSE Chart

 

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