MindTree revises 2009 EBITDA guidance to $56-57.4 mn
MindTree Ltd has taken a fresh look at its EBITDA guidance for 2009 and updated its estimates for FY 2009.
By ET Bureau |
MUMBAI: MindTree Ltd has taken a fresh look at its EBITDA guidance for 2009 and updated its estimates for FY 2009. The company had been extra cautious in giving the EBITDA guidance earlier, in view of the uncertainty in the external environment and other factors such as the joining of campus hires.
The company had given the EBITDA guidance for the first time as it was at record levels, while its PAT was depressed due to book provisions on account of mark to market losses.
The company has revised its EBITDA guidance to $56-57.4 million (Rs 2,497-2,570 million). The revenue and PAT guidance remain unchanged at $223-225 million (Rs 10,082-10,179 million) and $12.8-14.5 million (Rs 595-677 million) respectively.
On the BSE, MindTree shares were trading 2.35 per cent higher at Rs 207, at 11:19 am.
The company had given the EBITDA guidance for the first time as it was at record levels, while its PAT was depressed due to book provisions on account of mark to market losses.
The company has revised its EBITDA guidance to $56-57.4 million (Rs 2,497-2,570 million). The revenue and PAT guidance remain unchanged at $223-225 million (Rs 10,082-10,179 million) and $12.8-14.5 million (Rs 595-677 million) respectively.
On the BSE, MindTree shares were trading 2.35 per cent higher at Rs 207, at 11:19 am.
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