In the early deals, Mindtree stock has jumped by at least 1.5% on Sensex with an intraday high of Rs4328.40 per piece.
At around 10.39 AM, Mindtree performed at Rs4287 per piece up Rs20.95 or 0.5% on Sensex.
In Q2FY22, Mindtree is expected to lead Tier II growth in the industry, however, the company's EBIT margin will continue to be under pressure sequentially.
The company's net profits for the Jun-21 quarter were up 61.22% on a yoy basis at Rs343.40cr as the top line did far better compared to the Jun-20 quarter, along with an improvement in the EBITDA and EBIT margins.
Meanwhile, the company reported 20.06% growth yoy in total sales revenues for the Jun-21 quarter on a consolidated basis at Rs2,291.70cr. The top line got a big boost from an all-time high order book of $500 million, up 34.2% on a sequential basis.