Mindtree Q4FY17 consolidated net profit declines 5.7% qoq : Estimates Mixed

India Infoline Research Team | April 20, 2017 16:11 IST

Mindtree Ltd Q4FY17

Consolidated Results Q4FY17: (Rs. in crore)

Q4FY17 QoQ (%)
Revenue 1,318 1.8
EDITDA 187 7.5
EBITDA Margin (%) 14.2 75
Net Profit (adjusted) 97.2 [5.7]
***EBITDA margin change is bps

Mindtree's reported consolidated results for the quarter came in mixed versus street estimates. Revenue for the quarter came in 1.7% higher than the estimated figure of Rs. 1296 crores. EBITDA for the quarter came in 8% higher than the estimated figure of Rs. 173 crores. However, net profit for the quarter came in 7.4% lower than the estimated figure of Rs. 105 crores.
Mindtree’s consolidated revenue for the quarter came in at Rs. 1318 crores, registering 1.8% QoQ increase.
EBITDA for the quarter rose by 7.5% QoQ to Rs. 187 crores with a corresponding margin expansion of 75 bps. EBITDA margin for the quarter stood at 14.2%.
PAT for the quarter came in at Rs. 97.2 crores, QoQ decline of 5.7%. This was primarily driven by foreign exchange loss of Rs. 22.6 crore as against gain of Rs. 3.2 crore in last quarter of same financial year.
Looking at the full year numbers, we see that revenue jumped by 12% to reach Rs.5236 crore while EBITDA fell by 13% to Rs. 718.1 crore. Company reported net profit of Rs.419 crore, down 24% yoy

Technical View:

Mindtree Ltd ended at Rs. 442.25, down by 0.75 points or 0.17% from its previous closing of Rs. 443 on the BSE.
The scrip opened at Rs. 444 and touched a high and low of Rs. 447 and Rs. 436 respectively. A total of 586115(NSE+BSE) shares were traded on the counter. The stock traded above its 200 DMA.

BSE 566.00 1.75 (0.31%)
NSE 566.55 0.95 (0.17%)

***Note: This is a NSE Chart

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