MINDTREE LTD Announces Quarterly Results (3QFY19); Net Profit Up 35.1%

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MINDTREE LTD Announces Quarterly Results (3QFY19); Net Profit Up 35.1%
Thu, 17 Jan

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

MINDTREE LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m13,77717,55417,8721.8%29.7%
Other incomeRs m59524-200-138.2%-439.0%
TurnoverRs m13,83618,07817,672-2.2%27.7%
ExpensesRs m11,70614,85515,0391.2%28.5%
Gross profitRs m2,0742,6992,8335.0%36.6%
DepreciationRs m4194034101.7%-2.1%
InterestRs m4610-100.0%-100.0%
Profit before taxRs m1,6682,8192,223-21.1%33.3%
TaxRs m253756311-58.9%22.9%
Profit after taxRs m1,4152,0631,912-7.3%35.1%
Gross profit margin%15.115.415.9
Effective tax rate%15.226.814.0
Net profit margin%10.211.410.8
* 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 29.7% on a year-on-year (YoY) basis. The expenses were up by 28.5% YoY during the same period.
  • The company's operating profit increased by 36.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.9% in 3QFY19 as against 15.1% in 3QFY18.
  • Depreciation charges declined by 2.1% and finance costs declined by 100.0% YoY, respectively.
  • Other income declined by 439.0% YoY during the quarter.
  • Net profit for the quarter increased by 35.1% YoY. Net profit margins during the quarter increased from 10.2% in 3QFY18 to 10.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.2% QoQ during the same period.
  • The company's operating profit increased by 5.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.9% in 3QFY19 as against 15.4% in 2QFY18.
  • Net profit for the quarter declined by 7.3% QoQ, while net profit margins declined from 11.4% in 2QFY18 to 10.8% in 3QFY19.

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 623.5 to Rs 829.6, registering a Gain of Rs 206.1 or around 33.1%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,584.9 (up 0.0%). Over the last one year it has moved up from 12,183.3 to 14,584.9, a gain of 2,402 points (up 19.7%).

Overall, the S&P BSE SENSEX is up 4.7% over the year.

Current Valuations

At the current price of Rs 829.6, the price to earnings (P/E) ratio of MINDTREE LTD stands at 19.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.2 times.

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