NEW DELHI: on Wednesday reported an 37.3 per cent year-on-year (YoY) rise in profit after tax (PAT) at Rs 471.60 crore compared with Rs 343.40 crore in the same quarter last year.
An ET NOW poll of analysts had anticipated the PAT figure at Rs 480 crore.
Revenue for the quarter rose 36.2 per cent YoY to Rs 3,121.10 crore compared with Rs 2,291.70 crore in the corresponding quarter last year.
In dollar terms, revenue came in at $399.3 million, up 4 per cent sequentially and 28.6 per cent YoY. Revenue was up 5.5 per cent sequentially in constant currency terms.
Ebit margin for the quarter came in at 19.2 per cent, compared with 18.9 per cent in March and 17.7 per cent in the June quarter of last year.
Cash and investments stood at an all-time high of $500 million, Mindtree said in a BSE filing. “We are excited to report a strong start to FY23 with robust revenue growth, solid margin, and a record order book, demonstrating our continued industry-leading growth momentum,” said Chief Executive Officer and Managing Director, Debashis Chatterjee.
“With revenues of $399.3 million, up 5.5 per cent sequentially in constant currency on the back of a healthy demand for our digital capabilities, this was our sixth consecutive quarter of more than 5 per cent revenue growth in constant currency," he said.
Chatterjee said its order book in the June quarter was the highest ever, reflecting the relevance of our value proposition in delivering business-critical transformation at scale.
An ET NOW poll of analysts had anticipated the PAT figure at Rs 480 crore.
Revenue for the quarter rose 36.2 per cent YoY to Rs 3,121.10 crore compared with Rs 2,291.70 crore in the corresponding quarter last year.
In dollar terms, revenue came in at $399.3 million, up 4 per cent sequentially and 28.6 per cent YoY. Revenue was up 5.5 per cent sequentially in constant currency terms.
Ebit margin for the quarter came in at 19.2 per cent, compared with 18.9 per cent in March and 17.7 per cent in the June quarter of last year.
Cash and investments stood at an all-time high of $500 million, Mindtree said in a BSE filing. “We are excited to report a strong start to FY23 with robust revenue growth, solid margin, and a record order book, demonstrating our continued industry-leading growth momentum,” said Chief Executive Officer and Managing Director, Debashis Chatterjee.
“With revenues of $399.3 million, up 5.5 per cent sequentially in constant currency on the back of a healthy demand for our digital capabilities, this was our sixth consecutive quarter of more than 5 per cent revenue growth in constant currency," he said.
Chatterjee said its order book in the June quarter was the highest ever, reflecting the relevance of our value proposition in delivering business-critical transformation at scale.
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