Live Markets »News & Advice»Most Read»Most Read Details
Most Read Details

MindTree rallies on better-than-expected Q1 earnings

SI Reporter/Mumbai 16 Jul 12 | 09:31 AM
Related to : Mindtree Ltd
 Mindtree Ltd

BSE   19 Jun 18 | 03:41 PM

985.50  -6.3 (-0.64%)

NSE   19 Jun 18 | 03:31 PM

984.25  -7.65 (-0.77%)

MindTree Limited has rallied 6% to Rs 695 after reporting a better-than-expected 30.9% quarter-on-quarter (q-o-q) growth in net profit to Rs 89 crore for the quarter ended June 2012 led by a forex gain of Rs 8.6 crore. Revenues grew 7.1% to Rs 563 crore on q-o-q basis. Analysts on average had expected profit after tax of Rs 77 crore and revenues at Rs 570 crore during the period under review.

“The global demand environment continues to be challenging as customers are cautious in their IT spending.  However, with our strategic initiatives, we expect to achieve NASSCOM’s current industry estimates for FY2013" said Krishnakumar Natarajan, CEO & Managing Director, MindTree.

Related Stories

    No Related Stories Found
Widgets Magazine

The stock opened at Rs 676, and is currently trading at day’s high level. A combined around 190,000 shares have changed hands on the counter in opening deals on both the exchanges.

Widgets Magazine


Company Price Gain (%)
O N G C164.850.30
HDFC Bank2,026.300.24
Dr Reddy's Labs2,384.200.17
H D F C1,827.100.13


Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine