Mindtree Q4 Results: Net profit increases by 49% year-on-year to Rs 473 crore; Rs 27 per share dividend declared

Information firm Mindtree announced on Monday that consolidated net profit for the quarter ended March 31, 2022 rose 49% year-on-year to Rs.473.1 billion, driven by extensive demand and mining activity. The company reported net profit of Rs 317 crore in the same quarter last year.

Bangalore-based company reported 37% increase in sales for the quarter to Rs.2,897 billion from Rs.2,109 billion in the same period last year. On a US dollar basis, net income increased approximately 45% year over year to $62.7 million, with revenue from the quarter increased by 32.2% year over year to 383.8 million. The company also announced that its Board of Directors had recommended Rs.27 a share to its final dividend of Rs.27 a share for the year ended 31 March 2022. The final dividend level of the company is subject to approval on March 23, the fourth year of the cycle. public meeting. The company said that it has 276 active customers as before March 31, 2022.

     

In terms of employees, as before 31 March 2022, Mindtree had 35,071 professionals and twelve-month revenue of 23.8%.

"Our industry's talent for a year of rapid business and technology change demonstrates the importance of our value proposition in business change and digital transformation on the scale," Depashis Chatterjee, CEO and MD of Mindtree said.

“Shield growth of 5.2% in steady currency was the fifth consecutive quarter of growth above 5% growth in steady currency. expanding mining services and customers, and expanding industrial companies.

Chatterjee also noted its 20.9% EBITDA margin and 15.7% VAT margin, the highest in that decade. "Our mission of creating a value share has been demonstrated by a profit share of Rs 100.2, the highest ever-adjusted bonus ratio, and annual revenues of Rs 37 per share, the highest in our history. Our range of passion and confidence in our clients will help our industry foundation drive profitable growth in the coming years.