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MINDTREE LTD Announces Quarterly Results (4QFY18); Net Profit Up 87.4%

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MINDTREE LTD Announces Quarterly Results (4QFY18); Net Profit Up 87.4%
Fri, 20 Jul

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

MINDTREE LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m13,18113,77714,6406.3%11.1%
Other incomeRs m13359591901.7%344.4%
TurnoverRs m13,31413,83615,23110.1%14.4%
ExpensesRs m11,54011,70612,2854.9%6.5%
Gross profitRs m1,6412,0742,35513.5%43.5%
DepreciationRs m468419383-8.6%-18.2%
InterestRs m47465826.1%23.4%
Profit before taxRs m1,2591,6682,50550.2%99.0%
TaxRs m287253683170.0%138.0%
Profit after taxRs m9721,4151,82228.8%87.4%
Gross profit margin%12.415.116.1
Effective tax rate%22.815.227.3
Net profit margin%7.310.212.0
* 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 11.1% on a year-on-year (YoY) basis. The expenses were up by 6.5% YoY during the same period.
  • The company's operating profit increased by 43.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.1% in 4QFY18 as against 12.4% in 4QFY17.
  • Depreciation charges and finance costs declined by 18.2% YoY and 23.4% YoY, respectively.
  • Other income increased by 344.4% YoY during the quarter.
  • Net profit for the quarter increased by 87.4% YoY. Net profit margins during the quarter increased from 7.3% in 4QFY17 to 12.0% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.9% QoQ during the same period.
  • The company's operating profit increased by 13.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.1% in 4QFY18 as against 15.1% in 3QFY17.
  • Net profit for the quarter increased by 28.8% QoQ, while net profit margins increased from 10.2% in 3QFY17 to 12.0% in 4QFY18.

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 484.2 to Rs 979.4, registering a Gain of Rs 495.2 or around 102.3%.

Meanwhile, the S&P BSE IT Index is trading at Rs 14,606.1 (up 1.7%). Over the last one year it has moved up from 10,154.0 to 14,606.1, a gain of 4,452.1 points (up 43.8%).

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 979.4, the price to earnings (P/E) ratio of MINDTREE LTD stands at 29.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.1 times.

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