Mindtree climbs 2% on Q3 earnings push

NEW DELHI: Shares of IT consulting player Mindtree climbed 2 per cent on the BSE on Thursday, a day after it reported a 35 per cent growth in net profit for the December quarter.

The software services player on Wednesday said its consolidated net profit for the third quarter grew 35.1 per cent to Rs 191.2 crore. Its revenue grew 29.7 per cent to Rs 1,787.2 crore, from Rs 1,377.7 crore in the year-ago period.

The board of directors has recommended an interim dividend of Rs 3 per share.


Mindtree's net profit, in dollar terms, was up 22.2 per cent to $26.9 million, while revenue increased by 17.4 per cent to $251.5 million in October-December as against the year-ago period.

The scrip closed 2.68 per cent up at Rs 864.40 on the BSE on Thursday.