Research Icon - Mindtree posts 45.9% jump in PAT for Q3; stock up 2%

For Q3FY20, Mindtree's revenue in dollar terms grew 1.5% qoq to $275.2mn. In rupee terms, revenue increased 2.7% qoq to Rs1,965.3cr.

For the quarter ended December 2019, net profit came in higher by 45.9% to Rs197cr. EBITDA grew 23% to Rs306cr.  Margin stood at 15.6% vs. 13% in the previous quarter.

The stock is trading higher by 2% in trade today post the result declaration.

Stock view:

Mindtree Ltd is currently trading at Rs888.45 up by Rs24.7 or 2.86% from its previous closing of Rs863.75 on the BSE.

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