Mindtree Q4 net up 21.2 per cent at Rs 156 crore

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New Delhi | April 18, 2016 5:53 PM

Mid-sized software services firm Mindtree today reported a 21.2 per cent growth in consolidated net profit at Rs 156 crore for the quarter ended March 31.

mindtree ex bonusMindtree added 1,020 people during the quarter on gross basis, taking its headcount to 16,623. (PTI)

Mid-sized software services firm Mindtree today reported a 21.2 per cent growth in consolidated net profit at Rs 156 crore for the quarter ended March 31.

The firm had posted a net profit of Rs 128.7 crore in the year-ago period, it said in a statement.

Consolidated revenue jumped 44.2 per cent to Rs 1,324.2 crore in January-March from Rs 918.1 crore a year ago.

In dollar terms, net profit rose 11.1 per cent to $ 23 million, while revenue jumped 32.3 per cent to $ 195.6 million.

Constant currency growth stood at 7.1 per cent quarter- on-quarter.

For the year ended March 31, net profit grew 12.5 per cent to Rs 603.3 crore, while revenue was up 31.7 per cent to Rs 4,689.6 crore as against the previous fiscal.

The company had 348 active clients as of March 31.

Mindtree added 1,020 people during the quarter on gross basis, taking its headcount to 16,623.

“FY16 has seen industry leading growth of 22.5 per cent for Mindtree. We are confident that our strategic roadmap with digital and managed services as underlying themes, backed by expert teams will help us deliver superior results going forward,” Mindtree CEO and MD Rostow Ravanan said.

He added the firm’s deep domain and technology expertise, combined with a sustained investment in building the workforce of tomorrow have produced stellar results for the year.

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