MINDTREE LTD Announces Quarterly Results (2QFY19); Net Profit Up 65.4%

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

  • MyStocks

MEMBER'S LOGINX

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

MINDTREE LTD Announces Quarterly Results (2QFY19); Net Profit Up 65.4%
Fri, 19 Oct

MINDTREE LTD has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

MINDTREE LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m13,31616,39517,5547.1%31.8%
Other incomeRs m59827952487.8%-12.4%
TurnoverRs m13,91416,67418,0788.4%29.9%
ExpensesRs m11,77514,08514,8555.5%26.2%
Gross profitRs m1,5412,3102,69916.8%75.1%
DepreciationRs m4544004030.8%-11.2%
InterestRs m25281-96.4%-96.0%
Profit before taxRs m1,6602,1612,81930.4%69.8%
TaxRs m41357975630.6%83.1%
Profit after taxRs m1,2471,5822,06330.4%65.4%
Gross profit margin%11.614.115.4
Effective tax rate%24.926.826.8
Net profit margin%9.09.511.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 31.8% on a year-on-year (YoY) basis. The expenses were up by 26.2% YoY during the same period.
  • The company's operating profit increased by 75.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 2QFY19 as against 11.6% in 2QFY18.
  • Depreciation charges and finance costs declined by 11.2% YoY and 96.0% YoY, respectively.
  • Other income declined by 12.4% YoY during the quarter.
  • Net profit for the quarter increased by 65.4% YoY. Net profit margins during the quarter increased from 9.0% in 2QFY18 to 11.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.5% QoQ during the same period.
  • The company's operating profit increased by 16.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 2QFY19 as against 14.1% in 1QFY18.
  • Net profit for the quarter increased by 30.4% QoQ, while net profit margins increased from 9.5% in 1QFY18 to 11.4% in 2QFY19.

To see how MINDTREE LTD has performed over the last eight quarters, please visit here.

MINDTREE LTD Share Price Performance

Over the last one year, MINDTREE LTD share price has moved up from Rs 498.4 to Rs 826.0, registering a Gain of Rs 327.7 or around 65.7%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,246.8 (down 2.9%). Over the last one year it has moved up from 10,360.4 to 14,246.8, a gain of 3,886 points (up 37.5%).

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 826.0, the price to earnings (P/E) ratio of MINDTREE LTD stands at 20.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.2 times.

Equitymaster requests your view! Post a comment on "MINDTREE LTD Announces Quarterly Results (2QFY19); Net Profit Up 65.4%". Click here!

  

Related Views on News

MINDTREE Announces Quarterly Results (3QFY20); Net Profit Up 3.0% (Quarterly Result Update)

Jan 15, 2020 | Updated on Jan 15, 2020

For the quarter ended December 2019, MINDTREE has posted a net profit of Rs 2 bn (up 3.0% YoY). Sales on the other hand came in at Rs 20 bn (up 10.0% YoY). Read on for a complete analysis of MINDTREE's quarterly results.

MINDTREE Announces Quarterly Results (2QFY20); Net Profit Down 34.6% (Quarterly Result Update)

Oct 18, 2019 | Updated on Oct 18, 2019

For the quarter ended September 2019, MINDTREE has posted a net profit of Rs 1 bn (down 34.6% YoY). Sales on the other hand came in at Rs 19 bn (up 9.1% YoY). Read on for a complete analysis of MINDTREE's quarterly results.

MINDTREE 2018-19 Annual Report Analysis (Annual Result Update)

Jun 24, 2019 | Updated on Jun 24, 2019

Here's an analysis of the annual report of MINDTREE for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of MINDTREE. Also includes updates on the valuation of MINDTREE.

MINDTREE LTD 2017-18 Annual Report Analysis (Annual Result Update)

Aug 21, 2018 | Updated on Aug 21, 2018

Here's an analysis of the annual report of MINDTREE LTD for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of MINDTREE LTD. Also includes updates on the valuation of MINDTREE LTD.

More Views on News

Most Popular

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

How to Buy the Best Safe Stocks in 2020(The 5 Minute Wrapup)

Jan 17, 2020

Don't fall for the safe stocks narrative going around in the stock market these days.

For 1,000%+ Gains, Follow the 8-Year Cycle in the Stock Market(Fast Profits Daily)

Jan 17, 2020

This is how the biggest trading profits are made.

What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)

Jan 15, 2020

If you're interested in the next Infosys, I'll tell you where to look.

More

India's #1 Trader
Reveals His Secrets

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

MINDTREE SHARE PRICE


Jan 27, 2020 12:31 PM

TRACK MINDTREE

  • 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

COMPARE MINDTREE WITH

MARKET STATS