Mindtree: Rupee fall helps boost net gains - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks


Login Failure
(Please do not use this option on a public machine)
  Sign Up | Forgot Password?  

Mindtree: Rupee fall helps boost net gains

Oct 20, 2011

Mindtree has announced the second quarter results of financial year 2011-2012 (2QFY12). The company has reported a 10.6% quarter-on-quarter (QoQ) and whopping 58.0% QoQ growth in sales and net profits respectively. Here is our analysis of the results.

Performance summary
  • Net sales grew by 10.6% QoQ during 2QFY12. The revenue growth was driven by volumes. For the half year ended September 2011 (1HFY12), sales grew by 18.6% Year-0n-Year (YoY).
  • Operating margins improved by 1.8% QoQ due to lower operating costs (as a percentage of sales) during the quarter. However for 1HFY12, margins declined marginally by 0.1% YoY as compared to the same period last year.
  • Net profit grew by 58.0% QoQ during the quarter. This was mainly driven by higher other income and lower depreciation charges during the quarter. For 1HFY12, net income increased by whopping 127.6% YoY.
  • Added 15 new clients during the quarter, however the total number of active clients has gone down to 270 as compared to 283 at the end of the previous quarter (1QFY12).
  • Trailing 12 months attrition declined to 21.7% during the quarter from 25.6% reported in the previous quarter (1QFY12).
  • Proposed an interim dividend of Rs 2.5 per share (yield of 0.7%). The interim dividend includes a special dividend of Rs 1 per share on the occasion of MindTree crossing US $ 100 million in revenues and crossing 10,000 mark in terms of total number of employee during the quarter

To Read the Full Story, Subscribe or Sign In
To Read the Full Story, Subscribe or Sign In

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms


Jun 18, 2021 (Close)


  • Track your investment in MINDTREE with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks